Restructuring Charges

9 Months Ended

Sep. 30, 2013

NOTE 13. Restructuring Charges

The Company has initiated a series of restructuring activities intended to improve its operational efficiency as a result of its acquisition of GeoEye. The restructuring enhances the Company’s ability to provide cost-effective offerings to customers. The restructuring enables the Company to retain and expand its existing relationships with customers and attract new business. These restructuring activities primarily consist of reducing redundant workforce, consolidating office and production facilities, consolidating certain ground terminals and systems and other exit costs, including contract termination charges to effect the restructuring activities.

The restructuring costs totaled $3.1 million and $37.0 million for the three and nine month periods ended September 30, 2013, respectively. The restructuring liability is included in current other accrued liabilities.

The components of the restructuring liability were as follows:

(in millions)	Severance			Facilities			Other costs			Total
Balance, December 31, 2012	$	—		$	—		$	—		$	—
Provision for restructuring charges (1) (2)	13.4			0.3			0.4			14.1
Cash payments	(9.3		)	—			—			(9.3		)
Balance, March 31, 2013	4.1			0.3			0.4			4.8
Provision for restructuring charges (1) (2)	7.3			—			3.9			11.2
Cash payments	(6.2		)	(0.3		)	(0.4		)	(6.9		)
Balance, June 30, 2013	5.2			—			3.9			9.1
Provision for restructuring charges (1) (2)	2.8			—			(0.2		)	2.6
Cash payments	(4.9		)	—			(3.0		)	(7.9		)
Balance, September 30, 2013	$	3.1		$	—		$	0.7		$	3.8

(1) Restructuring charges for the three month and nine month period ended September 30, 2013 excludes $0.5 million and $7.9 million, respectively, of share-based compensation associated with the accelerated vesting of stock awards.

(2) Restructuring charges for the three month and nine month period ended September 30, 2013 excludes $0 and $1.2 million of non-cash asset impairment charges, respectively.

- 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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