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Restructuring Charges Restructuring Charges
9 Months Ended
Sep. 30, 2014
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure
Restructuring Charges

As a result of market changes which have impacted DST’s service offerings to clients, including lower registered account processing, DST has implemented a restructuring initiative to reduce its workforce and consolidate certain facilities to enhance operational efficiency within the Financial Services and Customer Communications Segments. DST anticipates the total costs for these restructuring initiatives will approximate $13.9 million, of which $9.6 million is expected within the Financial Services Segment and $4.3 million is expected within the Customer Communications Segment.

During the three months ended September 30, 2014, DST incurred pretax charges related to employee termination costs of $6.4 million, of which $5.6 million related to the Financial Services Segment and $0.8 million related to the Customer Communications Segment. These expenses have been included in Costs and expenses in the Consolidated Statement of Income. As of September 30, 2014, DST had a liability of $6.0 million associated with these restructuring activities.

The Company expects to complete the restructuring activities and recognize the remaining $7.5 million of estimated costs during the fourth quarter of 2014. The remaining costs for the Financial Services Segment are anticipated to be $4.0 million, comprised of employee termination costs of $3.8 million and $0.2 million of lease termination costs. The remaining costs for Customer Communications are anticipated to be $3.5 million, comprised of employee termination costs of $0.8 million and $2.7 million of lease termination costs.