XML 49 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring (Tables)
 12 Months Ended
Dec. 31, 2017
Restructuring and Related Activities [Abstract]  
Restructuring Charges Activity
The following table summarizes the balances of the accruals for both programs, which are recorded in accounts payable and accrued expenses in the consolidated balance sheets, and the activity for the years ended December 31, 2017 and December 31, 2016:
(In Thousands)
Contractual Lease Obligations
 
Severance
 
Total
Balance at January 1, 2016
$
—

 
$
—

 
$
—

Charges
11,830

 
3,883

 
15,713

Adjustments1
(241
)
 
—

 
(241
)
Restructuring Charges
11,589

 
3,883

 
15,472

Payments
(1,006
)
 
(1,804
)
 
(2,810
)
Balance at December 31, 2016
10,583

 
2,079

 
12,662

Charges
13,501

 
3,176

 
16,677

Adjustments1
(69
)
 
—

 
(69
)
Restructuring Charges
13,432

 
3,176

 
16,608

Payments
(11,578
)
 
(2,952
)
 
(14,530
)
Balance at December 31, 2017
$
12,437

 
$
2,303

 
$
14,740


1Adjustments relate to changes in sublease assumptions and interest accretion.
The following table summarizes restructuring charges by segment for the years ended December 31, 2017 and December 31, 2016:
 
Year Ended December 31, 2017
 
Year Ended December 31, 2016
(In Thousands)
Aaron’s Business
 
DAMI1
 
Total
 
Aaron’s Business
 
Total
Contractual Lease Obligations
$
13,432

 
$
—

 
$
13,432

 
$
11,589

 
$
11,589

Severance
2,705

 
471

 
3,176

 
3,883

 
3,883

Fixed Asset Impairment and Other
1,386

 
—

 
1,386

 
4,746

 
4,746

Total Restructuring Expense
$
17,523

 
$
471

 
$
17,994

 
$
20,218

 
$
20,218


1Restructuring charges for DAMI relate primarily to severance and other costs related to the segment’s relocation of its headquarters. Future DAMI restructuring charges are expected to be immaterial.