Restructuring Costs

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring Costs

In the second quarter of 2018, the Company restructured its temperature-controlled truckload business by completing the integration of multiple operating companies into one business unit. As part of this integration, the Company also right-sized its temperature-controlled fleets, facilities, and support functions. As a result, in the second quarter of 2018, the Company recorded operations restructuring costs of $4.7 million related to fleet and facilities right-sizing and relocation costs, severance costs, and the write-down of assets to fair market value. The initial write-down of assets to fair market value totaled $1.3 million and was recorded to property and equipment, while the remaining $3.4 million was recorded in accrued expenses and other current liabilities. None of the remaining individual components are considered material to the overall cost. The following is a rollforward of the Company's restructuring reserve balance as of March 31, 2019 (in thousands).

	Restructuring reserves
Beginning balance at December 31, 2018	$	544
Charges	—
Adjustments(1)	(79		)
Payments	(112		)
Ending balance at March 31, 2019	$	353

(1) The adjustment relates to the adoption of Topic 842 for lease terminations included in the restructuring reserve.

The Company also incurred corporate restructuring and restatement costs associated with legal, consulting and accounting matters, including internal and external investigations, SEC and accounting compliance, and restructuring of $3.4 million and $6.9 million for the three months ended March 31, 2019 and 2018, respectively. These costs are included in other operating expenses.