Restructuring and Other Expense (Tables)

9 Months Ended

Sep. 30, 2015

Restructuring and Related Activities [Abstract]

Components of Restructuring and Other Expense

The components of our restructuring and other expense included in the Condensed Consolidated Statements of Operations were as follows:



	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2015			2014		2015			2014
Restructuring Expense:
Severance and related	$	17.5		$	0.8	$	18.4		$	3.6
Lease termination costs	—			0.2		—			0.3
Other	0.2			0.3		0.6			1.2
Total restructuring	$	17.7		$	1.3	$	19.0		$	5.1
Other Expense:
Pension settlement/curtailment (Note 9)	1.0			0.2		1.0			0.1
Settlement of UK pension plan	—			0.5		—			0.5
Asset disposals / write down⁽¹⁾	25.1			—		25.1			—
Other⁽²⁾	(3.6		)	2.2		(2.2		)	5.8
Total	$	40.2		$	4.2	$	42.9		$	11.5

⁽¹⁾The $25.1 million of asset disposals / asset write down primarily consists of a write down of our corporate headquarters facility. During the third quarter of 2015, based on the Board of Director's and management's decision to sell this facility in light of the other restructuring activities that were approved in September 2015, we classified our corporate headquarters facility as an asset held for sale. The carrying value of our corporate headquarters facility of $32.0 million was subsequently written down to $10.4 million which is its estimated fair value based on negotiations with a third party with interest in purchasing our corporate headquarters. The $21.6 million write down was charged to restructuring and other expense in the Condensed Consolidated Statement of Operations.

⁽²⁾For the three and nine months ended September 30, 2015, other consists of a gain on the sale of our RDX^TM Storage product line which was partially offset by direct third-party costs associated with our proxy contest and strategic review process. On August 13, 2015, the Company sold its RDX Storage business and recognized a $4.8 million gain in restructuring and other expense in the Condensed Consolidated Statement of Operations. For the three and nine months ended September 30, 2014, other consists of consulting fees and certain employee costs. See Note 12 - Fair Value Measurements for further information on the RDX transaction.

Schedule of Restructuring Reserve Activity

Activity related to the new and existing restructuring accruals was as follows:



(In millions)	Severance and Related		Lease Termination Costs		Other		Total
Accrued balance at December 31, 2014	0.8		0.3		0.2		1.3
Charges	0.5		—		0.3		0.8
Usage and payments	(0.7	)	(0.1	)	(0.2	)	(1.0	)
Accrued balance at March 31, 2015	0.6		0.2		0.3		1.1
Charges	0.4		—		0.1		0.5
Usage and payments	(0.4	)	(0.2	)	(0.1	)	(0.7	)
Accrued balance at June 30, 2015	0.6		—		0.3		0.9
Charges	17.5		—		0.2		17.7
Usage and payments	(4.7	)	—		(0.2	)	(4.9	)
Accrued balance at September 30, 2015	13.4		—		0.3		13.7