XML 26 R31.htm IDEA: XBRL DOCUMENT v3.19.3
Restructuring Costs Restructuring Costs (Tables)
 9 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
Restructuring costs recognized are summarized below:
 
Total recognized
 
Recognized in "General and administrative"
 
Recognized in "Net gain (loss) from asset sales, inclusive of restructuring costs"
 
Recognized in "Interest and other income (expense)"
 
Three Months Ended September 30, 2019
 
(in millions)
Termination benefits
$
4.3

 
$
4.3

 
$
—

 
$
—

Accelerated share-based compensation(1)
1.6

 
1.6

 
—

 
—

Retention expense (including share-based compensation)
4.5

 
4.5

 
—

 
—

Total restructuring costs
$
10.4

 
$
10.4

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
Termination benefits
$
11.0

 
$
10.9

 
$
0.1

 
$
—

Office lease termination costs
0.6

 
0.6

 
—

 
—

Accelerated share-based compensation(1)
11.3

 
9.8

 
1.5

 
—

Retention expense (including share-based compensation)
15.4

 
15.4

 
—

 
—

Pension and Medical Plan curtailment
(0.4
)
 
—

 
(0.2
)
 
(0.2
)
Total restructuring costs
$
37.9

 
$
36.7

 
$
1.4

 
$
(0.2
)
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
Termination benefits
$
6.7

 
$
5.3

 
$
1.4

 
—

Office lease termination costs
0.7

 
0.7

 
—

 
—

Accelerated share-based compensation
3.2

 
1.0

 
2.2

 
—

Retention expense (including share-based compensation)
5.8

 
5.8

 
—

 
—

Pension and Medical Plan curtailment
0.3

 
—

 
—

 
0.3

Total restructuring costs
$
16.7

 
$
12.8

 
$
3.6

 
$
0.3

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
Termination benefits
$
13.7

 
$
10.4

 
$
3.3

 
—

Office lease termination costs
1.0

 
1.0

 
—

 
—

Accelerated share-based compensation
7.2

 
5.0

 
2.2

 
—

Retention expense (including share-based compensation)
13.8

 
13.8

 
—

 
—

Pension and Medical Plan curtailment
0.3

 
—

 
—

 
0.3

Total restructuring costs
$
36.0

 
$
30.2

 
$
5.5

 
$
0.3
Restructuring Costs [Table Text Block]
 
Costs recognized from inception through September 30, 2019(1)
 
Total remaining costs expected to be incurred
 
 
(in millions)
 
Termination benefits
$
43.2

 
$
—

(2) 
Office lease termination costs
1.6

 
—

(2) 
Accelerated share-based compensation
22.6

 
—

(2) 
Retention expense (including share-based compensation)
34.2

 
5.0

 
Pension and Medical Plan curtailment
(0.2
)
 
—

(2) 
Total restructuring costs
$
101.4

 
$
5.0

 
 ____________________________
(1) 
Represents costs incurred since February 2018 when QEP's Board of Directors approved certain strategic and financial initiatives.
(2) 
Due to the nature of the strategic initiatives, as of September 30, 2019, the Company is not able to reasonably estimate the total cost to be incurred in connection with these restructurings.
Restructuring Costs, Liability [Table Text Block]
The following table is a reconciliation of QEP's restructuring liability, which is included within "Accounts payable and accrued expenses" on the Condensed Consolidated Balance Sheets.
 
Restructuring liability
 
Termination benefits
 
Office lease termination costs
 
Accelerated share-based compensation
 
Retention expense
 
Pension curtailment
 
Total
 
(in millions)
Balance at December 31, 2018
$
19.5

 
$
—

 
$
—

 
$
10.8

 
$
—

 
$
30.3

Costs incurred and charged to expense
11.0

 
0.6

 
11.3

 
15.4

 
(0.4
)
 
37.9

Costs paid or otherwise settled
(28.3
)
 
(0.6
)
 
(11.3
)
 
(23.6
)
 
0.4

 
(63.4
)
Balance at September 30, 2019
$
2.2

 
$
—

 
$
—

 
$
2.6

 
$
—

 
$
4.8