RESTRUCTURING AND OTHER SPECIAL CHARGES

During the first nine months of 2016, the Company recorded net restructuring and other special charges of $48.6; $9.7 within LCD and $38.9 within CDD. The charges were comprised of $23.1 related to severance and other personnel costs along with $30.7 in costs associated with facility closures. A substantial portion of these costs relate to the planned closure of duplicative data center operations and other facilities. The Company reversed previously established reserves of $2.4 in unused severance reserves primarily as the result of selling one of its minimum volume service contract facilities to a third party and $2.8 for costs related to unused facilities. The Company incurred additional legal and other costs of $4.0 relating to the wind down of its minimum volume service contract operations and incurred $7.4 in acquisition fees and expenses. The Company also recorded $5.5 in consulting expenses relating to fees incurred as part of its Acquisition integration costs and compensation analysis, along with $2.3 in short-term equity retention arrangements relating to the Acquisition and $7.4 of accelerated equity compensation and other final compensation relating to executive transition (all recorded in selling, general and administrative expenses). In addition, the Company incurred $8.1 of non-capitalized costs associated with the implementation of a major system as part of its LaunchPad business process improvement initiative. In conjunction with certain international legal entity tax structuring, the Company recorded a one-time tax liability of $1.1. The Company also incurred $5.6 of interest expense relating to the early retirement of subsidiary indebtedness assumed as part of its recent acquisition of Sequenom.

On September 23, 2016, the Company entered into agreements to sell a site and certain moveable assets associated with the wind down of its minimum volume service contract operations subject to certain conditions. The sale is expected to be completed in the fourth quarter. The assets involved had previously been fully written down upon the closure of the site and the anticipated gain is not significant.

During the first nine months of 2015, the Company recorded net restructuring and other special charges of $59.9. The charges were comprised of $33.8 related to severance and other personnel costs along with $27.1 in costs associated with facility closures and impairment of certain technology assets. These charges were partially offset by the reversal of previously established reserves of $1.0 in unused facility-related costs.

In addition, during the nine months ended September 30, 2015, the Company recorded $17.0 in consulting expenses (recorded in selling, general and administrative expenses) relating to fees incurred as part of LaunchPad. The Company also recorded $166.0 of deal costs related to the Acquisition, of which $113.4 is included in selling, general and administrative expenses and $52.6 is included in interest expense. During the third quarter of 2015, the Company also recorded a non-cash loss of $2.3, upon the dissolution of one of its equity investments, which is included in other, net expenses. The Company also recorded $15.1 in consulting expenses relating to fees as part of its LaunchPad business process improvement initiative as well as Covance integration costs, along with $4.3 in short-term equity retention arrangements relating to the Acquisition (all recorded in selling, general and administrative expenses).

The following represents the Company’s restructuring reserve activities for the period indicated:



	LCD						CDD
	Severance and Other Employee Costs			Lease and Other Facility Costs			Severance and Other Employee Costs			Lease and Other Facility Costs			Total
Balance as of December 31, 2015	$	0.1		$	26.5		$	51.5		$	1.1		$	79.2
Restructuring charges	11.4			0.7			11.7			30.0			53.8
Reduction of prior restructuring accruals	—			(2.3		)	(2.4		)	(0.5		)	(5.2		)
Cash payments and other adjustments	(5.7		)	(9.5		)	(20.7		)	3.7			(32.2		)
Balance as of September 30, 2016	$	5.8		$	15.4		$	40.1		$	34.3		$	95.6
Current													$	59.9
Non-current													35.7
													$	95.6