Restructuring

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

As a result of the review of our land business and changes in the overall economic landscape for all our reportable segments due to the COVID-19 pandemic, in the first quarter of 2020, we implemented a restructuring initiative focused on streamlining our operations and rationalizing our deployment and allocation of resources. While we took several actions during the year ended December 31, 2020, our focus was primarily the cost-reduction initiatives in response to the pandemic. During the first quarter of 2021, we heightened our focus on restructuring our land business in North America, which has included reorganizing and relocating certain business activities, as well as implementing changes to the operational and management structure. The overall land restructuring plan is expected to be finalized by the end of the second quarter of 2021.

During the three months ended March 31, 2021, we incurred $2.1 million, comprised principally of external consulting fees supporting the land restructuring and certain severance costs. These costs are included in Restructuring charges in our Condensed Consolidated Statements of Income and Comprehensive Income. Our accrued restructuring charges as of March 31, 2021 are included in Accrued expenses and other current liabilities on our Condensed Consolidated Balance Sheets.

The following table provides a summary of our restructuring activities during the three months ended March 31, 2021 (in millions):


	Aviation		Land		Marine		Corporate		Consolidated
Accrued charges as of December 31, 2020	$	0.9	$	4.6	$	0.9	$	0.1	$	6.6
Restructuring charges	0.1		1.9		0.1		0.1		2.1
Paid during the period	(0.4)		(0.3)		(0.2)		(0.2)		(1.1)
Accrued charges as of March 31, 2021	$	0.6	$	6.2	$	0.8	$	—	$	7.6