Restructuring, Merger and Acquisition Related Costs

9 Months Ended

Sep. 30, 2018

Restructuring, Merger and Acquisition Related Costs

The Company incurred certain restructuring, merger and acquisition related costs through a series of separate workforce reductions and reorganizations and certain merger and acquisition related activities. These costs are expensed as incurred and reflected in General and administrative expenses within the Condensed Consolidated Statements of Income; and includes costs related to a series of Company-initiated workforce reductions and operational reorganizations in 2017 and first quarter 2018 (primarily severance and relocation costs) to increase organizational effectiveness and provide cost savings that can be reinvested in the Company's growth initiatives; and includes additional costs related to evaluating potential acquisitions during the three and nine months ended September 30, 2018 (see also Note 16. Subsequent Event).

An accrual for restructuring, merger and acquisition related costs was $2.0 million ($1.1 million is included in Compensation and payroll withholdings, $0.5 million in Accrued Expenses and $0.4 million in Other long-term liabilities within the Condensed Consolidated Balance Sheets) and $2.3 million ($1.8 million is included in Compensation and payroll withholdings and $0.5 million in Other long-term liabilities within the Condensed Consolidated Balance Sheets) as of September 30, 2018 and December 31, 2017, respectively.

The aggregate costs associated with the restructuring, merger and acquisition related costs for the three and nine months ended September 30, 2018 and September 30, 2017 are summarized in the following table:



	Three Months Ended				Nine Months Ended
(millions) (unaudited)	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
General and administrative expenses	$	0.6	$	—	$	3.4	$	1.1