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Restructuring, Impairment and Other Charges, net (Tables)
3 Months Ended
Mar. 31, 2023
Schedule of Restructuring, Impairment and Other Charges by Segment Recognized in Results of Operations

For the three months ended March 31, 2023 and 2022, the Company recorded the following restructuring, impairment and other charges, net by reportable segment:

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Three Months Ended March 31, 2023

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

2.0

 

 

$

 

 

$

2.0

 

Capital Markets - Compliance and Communications Management

 

 

8.2

 

 

 

0.1

 

 

 

8.3

 

Investment Companies - Software Solutions

 

 

(0.1

)

 

 

 

 

 

(0.1

)

Investment Companies - Compliance and Communications Management

 

 

0.2

 

 

 

 

 

 

0.2

 

Corporate

 

 

0.5

 

 

 

 

 

 

0.5

 

Total

 

$

10.8

 

 

$

0.1

 

 

$

10.9

 

 

 

 

 

Employee Terminations

 

 

Other Charges

 

 

Total

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

Capital Markets - Software Solutions

 

$

0.8

 

 

$

 

 

$

0.8

 

Capital Markets - Compliance and Communications Management

 

 

0.3

 

 

 

0.1

 

 

 

0.4

 

Investment Companies - Software Solutions

 

 

0.1

 

 

 

 

 

 

0.1

 

Investment Companies - Compliance and Communications Management

 

 

0.4

 

 

 

 

 

 

0.4

 

Corporate

 

 

 

 

 

0.1

 

 

 

0.1

 

Total

 

$

1.6

 

 

$

0.2

 

 

$

1.8

 

Employee Severance  
Schedule of Changes in the Employee Terminations Liability

The Company’s employee terminations liability is included in accrued liabilities on the Company’s Unaudited Condensed Consolidated Balance Sheets. Changes in the accrual for employee terminations during the three months ended March 31, 2023 were as follows:

 

 

Employee Terminations

 

Balance at December 31, 2022

 

$

5.1

 

Restructuring charges

 

 

10.9

 

Reversals of restructuring charges

 

 

(0.1

)

Cash paid

 

 

(2.6

)

Balance at March 31, 2023

 

$

13.3