Restructuring and Other Related Charges (Notes)

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Company-wide Reorganization Program

During 2010, the Company initiated a Company-wide Reorganization Program (“CWR”), including a reshaping of the organization with the objective of deploying resources closer to its customers, allowing Omnicare to become more responsive to customer needs, better leveraging the Omnicare platform and better positioning the Company for potential growth. The CWR program was completed in the third quarter of 2012 with the relocation of the Company’s corporate headquarters. The Company recorded restructuring and other related charges for the CWR program of approximately $9 million in the third quarter of 2012 and $12 million cumulatively since 2010. The majority of the charges were recorded in the Corporate/Other segment.

Details of the CWR restructuring related charges are as follows (pretax, in thousands):



	Balance at December 31, 2012		Utilized during 2013			Balance at December 31, 2013		Utilized during 2014			Balance at December 31, 2014
Restructuring charges:
Lease terminations	$	6,755	$	(2,309	)	$	4,446	(1,966		)	2,480
Other assets, fees and facility exit costs	367		(305		)	62		(36		)	26
Total restructuring charges	$	7,122	$	(2,614	)	$	4,508	$	(2,002	)	$	2,506

The remaining liabilities at December 31, 2014 represent amounts not yet paid relating to actions taken in connection with the program (primarily lease payments). The provision/accrual and corresponding payment amounts relating to employee severance were accounted for in accordance with guidance for employers’ accounting for postemployment benefits; and the provision/accrual and corresponding payment amounts relating to employment agreement buy-outs are being accounted for in accordance with guidance regarding accounting for costs associated with exit or disposal activities.

Additionally, in the year ended December 31, 2014, the Company incurred costs of approximately $1 million related to lease restructuring activities within SCG, which was included in “Other charges” on the Consolidated Statements of Comprehensive Income (Loss).

- 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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