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Restructuring, Impairment and Other Charges, net (Tables)
12 Months Ended
Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring, Impairment and Other Charges by Segment Recognized in Results of Operations

For the year ended December 31, 2022, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Other Restructuring Charges

 

 

Impairment Charges

 

 

Other Charges

 

 

Total

 

Year Ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

1.5

 

 

$

 

 

$

 

 

$

 

 

$

1.5

 

Capital Markets - Compliance and Communications Management

 

 

3.5

 

 

 

 

 

 

 

 

 

0.2

 

 

 

3.7

 

Investment Companies - Software Solutions

 

 

0.5

 

 

 

 

 

 

 

 

 

 

 

 

0.5

 

Investment Companies - Compliance and Communications Management

 

 

1.0

 

 

 

0.4

 

 

 

 

 

 

 

 

 

1.4

 

Corporate

 

 

0.3

 

 

 

 

 

 

0.1

 

 

 

0.2

 

 

 

0.6

 

Total

 

$

6.8

 

 

$

0.4

 

 

$

0.1

 

 

$

0.4

 

 

$

7.7

 

F

For the year ended December 31, 2021, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Other Restructuring Charges

 

 

Impairment Charges

 

 

Other Charges

 

 

Total

 

Year Ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

0.4

 

 

$

 

 

$

 

 

$

 

 

$

0.4

 

Capital Markets - Compliance and Communications Management

 

 

0.5

 

 

 

 

 

 

2.8

 

 

 

0.2

 

 

 

3.5

 

Investment Companies - Software Solutions

 

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Investment Companies - Compliance and Communications Management

 

 

2.1

 

 

 

0.8

 

 

 

 

 

 

 

 

 

2.9

 

Corporate

 

 

0.3

 

 

 

 

 

 

6.4

 

 

 

 

 

 

6.7

 

Total

 

$

3.4

 

 

$

0.8

 

 

$

9.2

 

 

$

0.2

 

 

$

13.6

 

For the year ended December 31, 2020, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Impairment Charges

 

 

Other Charges

 

 

Total

 

Year Ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

1.0

 

 

$

 

 

$

 

 

$

1.0

 

Capital Markets - Compliance and Communications Management

 

 

5.8

 

 

 

16.1

 

 

 

0.3

 

 

 

22.2

 

Investment Companies - Software Solutions

 

 

0.4

 

 

 

2.6

 

 

 

 

 

 

3.0

 

Investment Companies - Compliance and Communications Management

 

 

5.6

 

 

 

40.6

 

 

 

 

 

 

46.2

 

Corporate

 

 

2.8

 

 

 

1.3

 

 

 

2.7

 

 

 

6.8

 

Total

 

$

15.6

 

 

$

60.6

 

 

$

3.0

 

 

$

79.2

 

 

Employee Severance  
Restructuring Cost and Reserve [Line Items]  
Schedule of Changes in the Employee Terminations Liability The Company’s employee terminations liability is included in accrued liabilities in the Company’s audited Consolidated Balance Sheets.

Changes in the accrual for employee terminations during the years ended December 31, 2022 and 2021 were as follows:

 

 

December 31,

 

 

 

2022

 

 

2021

 

Balance, beginning of year

 

$

2.4

 

 

$

8.5

 

Restructuring charges

 

 

7.1

 

 

 

3.4

 

Reversals of restructuring charges

 

 

(0.3

)

 

 

 

Cash paid

 

 

(4.1

)

 

 

(9.5

)

Balance, end of year

 

$

5.1

 

 

$

2.4