Severance, Lease Terminations And Transition Costs

12 Months Ended

Dec. 31, 2014

Severance, Lease Terminations, And Transition Costs [Abstract]

Severance, Lease Terminations, And Transition Costs

21. SEVERANCE, TRANSITION COSTS AND LEASE TERMINATIONS

During 2013, the Company implemented expense management initiatives to offset the negative effects of the continued low interest rate environment and lower Employee Benefits premiums compared to prior periods. In addition to severance, transition costs and lease terminations, the Company incurred $2.3 million in other project initiatives in 2013.

The following tables set forth expenses incurred related to the expense management initiatives:

		Year ended December 31, 2014
		Beginning						Ending
		Accrued		Charged to				Accrued
(In millions)		Liability		Expense, Net		Expenditures		Liability

Severance		$	0.2	$	(0.2)	$	---	$	---

	Total severance	$	0.2	$	(0.2)	$	---	$	---

		Year ended December 31, 2013
		Beginning						Ending
		Accrued		Charged to				Accrued
(In millions)		Liability⁽¹⁾		Expense, Net		Expenditures		Liability

Severance		$	0.1	$	2.9	$	2.8	$	0.2
Transition costs			---		1.3		1.3		---
Lease terminations			0.3		---		0.3		---

	Total severance, transition costs and lease terminations	$	0.4	$	4.2	$	4.4	$	0.2

Amounts relate to restructuring charges implemented by the Company during 2011.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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