XML 28 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring
 12 Months Ended
Dec. 31, 2017
Restructuring and Related Activities [Abstract]  
Restructuring
Restructuring
In 2017, the Company incurred restructuring expense related to corporate headquarter severance costs and charges incurred at AMCNI related to costs associated with the termination of distribution in certain territories.
In 2016, the Company launched a restructuring initiative that involved modifications to the organizational structure of the Company which resulted in reduced employee costs and operating expenses primarily through a voluntary buyout program offered to certain employees. The year ended December 31, 2016 also included the impact of elimination of distribution of certain channels in certain territories. Restructuring activities in 2015 primarily related to severance and other exit costs associated with the elimination of certain positions across the Company and the elimination of distribution in certain territories.
The following table summarizes the restructuring expense (credit) recognized by operating segment:
(In thousands)
Year Ended December 31, 2017
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
National Networks
$
(53
)
 
$
8,516

 
$
3,194

International & Other
6,181

 
20,987

 
11,804

Total restructuring expense
$
6,128

 
$
29,503

 
$
14,998


Restructuring expense in the International and Other segment includes corporate headquarter related charges.
The following table summarizes the accrued restructuring costs:
(In thousands)
Severance and Employee-Related Costs
 
Other Exit Costs
 
Total
Balance at December 31, 2015
$
9,498

 
$
512

 
$
10,010

Charges
23,557

 
5,946

 
29,503

Cash payments
(20,871
)
 
(935
)
 
(21,806
)
Non-cash adjustments
12

 
(5,315
)
 
(5,303
)
Currency translation
(90
)
 
(3
)
 
(93
)
Balance at December 31, 2016
$
12,106

 
$
205

 
$
12,311

Charges
2,543

 
3,585

 
6,128

Cash payments
(13,440
)
 
(152
)
 
(13,592
)
Non-cash adjustments
2

 
(3,585
)
 
(3,583
)
Currency translation
1

 
(29
)
 
(28
)
Balance at December 31, 2017
$
1,212

 
$
24

 
$
1,236


Accrued liabilities for restructuring costs are included in accrued liabilities in the consolidated balance sheet at December 31, 2017.