RESTRUCTURING AND OTHER SPECIAL CHARGES

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING AND OTHER SPECIAL CHARGES

During the six months ended June 30, 2019, the Company recorded net restructuring and other special charges of $34.2: $16.1 within LCD and $18.1 within CDD. The charges were comprised of $20.3 related to severance and other personnel costs and $13.5 in costs associated with facility closures, impairment of operating lease right-of-use assets and general integration initiatives. The charges were increased by the adjustment of previously established reserves of $0.4 in severance reserves.

During the six months ended June 30, 2018, the Company recorded net restructuring and other special charges of $26.5: $9.1 within LCD and $17.4 within CDD. The charges were comprised of $23.1 related to severance and other personnel costs, $2.5 in costs associated with facility closures and general integration initiatives, and $2.3 in impairment to land held for sale. The Company reversed previously established reserves of $0.9 and $0.5 in unused facility reserves and unused severance reserves, respectively.

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

	LCD						CDD
	Severance and Other Employee Costs			Facility Costs			Severance and Other Employee Costs			Facility Costs			Total
Balance as of December 31, 2018	$	2.1		$	7.4		$	6.5		$	27.6		$	43.6
Reclassification for ASC 842 adoption	—			(5.7		)	—			(27.1		)	(32.8		)
Restructuring charges	11.9			1.0			8.4			1.7			23.0
Adjustments to prior restructuring accruals	(0.1		)	—			0.5			—			0.4
Impairment of operating lease right-of-use asset	—			3.3			—			7.5			10.8
Cash payments and other adjustments	(13.6		)	(3.1		)	(8.5		)	(7.2		)	(32.4		)
Balance as of June 30, 2019	$	0.3		$	2.9		$	6.9		$	2.5		$	12.6
Current													$	10.4
Non-current													2.2
													$	12.6