RESTRUCTURING

12 Months Ended

Dec. 31, 2017

NOTE 9 RESTRUCTURING

In September 2016, the Company approved a restructuring plan relating to cost management initiatives in the MIS segment as well as in certain corporate overhead functions. This restructuring plan consisted solely of headcount reductions, which when combined with an immaterial restructuring in the first half of 2016, represented approximately 1% of the Company’s workforce. The cumulative amount of expense incurred from inception through December 31, 2016 for these actions was $12.0 million. Actions under these plans were substantially complete at September 30, 2016.

Total expenses included in the accompanying consolidated statements of operations are as follows:

	Year Ended December 31,
	2017		2016		2015
Restructuring	$	-	$	12.0	$	-

Changes to the restructuring liability were as follows:

	Employee Termination Costs		Employee Termination Costs
	2017		2016
Balance as of January 1,	$	6.3	$	-
Cost incurred and adjustments		-		12.0
Cash payments and adjustments		(5.9)		(5.7)
Balance as of December 31,	$	0.4	$	6.3

As of December 31, 2017 the remaining restructuring liability of $0.4 million relating to severance is expected to be fully paid out during the year ending December 31, 2018. The liabilities in the table above were recorded within accounts payable and accrued liabilities in the Company’s consolidated balance sheet at December 31, 2017 and 2016.