NOTE 8 – INTEGRATION AND RESTRUCTURING

As discussed in Note 6, the Company implemented Project Synchronize and Project Pivot which resulted in recording of integration and restructuring costs. The integration and restructuring costs consist of assets impairments, employee-related costs, and other transition and termination costs related to restructuring activities. Employee-related costs include severance, tax preparation, and relocation costs, which are accounted for in accordance with ASC 420 “Exit or Disposal Cost Obligations”. Other transition and termination costs include fixed asset-related charges, contract and lease termination costs, professional fees, and other miscellaneous expenditures associated with the integration or restructuring activities, which are expensed as incurred. Costs are reported in restructuring charges in the consolidated statements of operations and comprehensive income (loss). The obligation related to employee separation costs is included in other current liabilities in the consolidated balance sheets.

The Company recorded $8.4 million of integration and restructuring expenses in connection with Projects Synchronize and Pivot for the year ended December 31, 2019.

The following table summarizes the integration and restructuring costs as of December 31, 2019 (in millions):


	Severance		Operating
	and		Lease		Fixed Asset
	Other Payroll		Termination		Impairment		Other		Total
Specialized Solution
Costs accrued	$	0.6	$	0.5	$	1.4	$	1.4	$	3.9
Amounts paid or charged		(0.6)		(0.5)		(1.4)		(1.4)		(3.9)
Specialized Solution balance at December 31, 2019		—		—		—		—		—
Flatbed Solution
Costs accrued		0.8		—		0.7		0.3		1.8
Amounts paid or charged		(0.8)		—		(0.7)		(0.3)		(1.8)
Flatbed Solution balance at December 31, 2019		—		—		—		—		—
Corporate
Costs accrued		2.7		—		—		—		2.7
Amounts paid or charged		(0.9)		—		—		—		(0.9)
Corporate balance at December 31, 2019		1.8		—		—		—		1.8
Consolidated
Costs accrued		4.1		0.5		2.1		1.7		8.4
Amounts paid or charged		(2.3)		(0.5)		(2.1)		(1.7)		(6.6)
Consolidated balance at December 31, 2019	$	1.8	$	—	$	—	$	—	$	1.8