Restructuring Restructuring

9 Months Ended

Sep. 30, 2018

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

2017 Corporate Strategy

In October 2017, in connection with creating a leaner and simpler operating model, we approved a corporate restructuring program intended to streamline our operations and reallocate resources.

For the three and nine months ended September 30, 2018, we recognized restructuring charges of $6.0 million and $9.2 million, respectively, in our condensed consolidated statements of income. These restructuring charges were primarily related to severance.

We previously recognized restructuring charges of $0.9 million in our condensed consolidated statements of income during the fourth quarter of 2017, which were primarily related to severance.

Restructuring charges incurred to date under this program are expected to be substantially paid in cash by the end of 2018.