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Restructuring, Impairment and Other Charges (Tables)
9 Months Ended
Sep. 30, 2014
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

For the three months ended September 30, 2014 and 2013, the Company recorded the following net restructuring, impairment and other charges:

 

 

 

 

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Employee

 

 

Restructuring

 

 

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2014

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

$

(0.2

)

 

$

1.8

 

 

$

1.6

 

 

$

(1.2

)

 

$

7.4

 

 

$

7.8

 

Variable Print

 

1.6

 

 

 

2.8

 

 

 

4.4

 

 

 

1.7

 

 

 

2.2

 

 

 

8.3

 

Strategic Services

 

0.9

 

 

 

0.2

 

 

 

1.1

 

 

 

 

 

 

0.1

 

 

 

1.2

 

International

 

1.9

 

 

 

0.2

 

 

 

2.1

 

 

 

(0.2

)

 

 

 

 

 

1.9

 

Corporate

 

0.6

 

 

 

0.1

 

 

 

0.7

 

 

 

 

 

 

 

 

 

0.7

 

Total

$

4.8

 

 

$

5.1

 

 

$

9.9

 

 

$

0.3

 

 

$

9.7

 

 

$

19.9

 

 

 

 

 

 

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

Employee

 

 

Restructuring

 

 

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2013

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

$

13.5

 

 

$

3.1

 

 

$

16.6

 

 

$

6.2

 

 

$

 

 

$

22.8

 

Variable Print

 

 

 

 

2.8

 

 

 

2.8

 

 

 

0.6

 

 

 

 

 

 

3.4

 

Strategic Services

 

0.6

 

 

 

0.7

 

 

 

1.3

 

 

 

0.9

 

 

 

4.7

 

 

 

6.9

 

International

 

4.0

 

 

 

0.6

 

 

 

4.6

 

 

 

0.2

 

 

 

 

 

 

4.8

 

Corporate

 

(0.2

)

 

 

0.4

 

 

 

0.2

 

 

 

 

 

 

 

 

 

0.2

 

Total

$

17.9

 

 

$

7.6

 

 

$

25.5

 

 

$

7.9

 

 

$

4.7

 

 

$

38.1

 

For the nine months ended September 30, 2014 and 2013, the Company recorded the following net restructuring, impairment and other charges:

 

 

 

 

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

Employee

 

 

Restructuring

 

 

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2014

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

$

0.2

 

 

$

5.6

 

 

$

5.8

 

 

$

2.4

 

 

$

23.7

 

 

$

31.9

 

Variable Print

 

15.7

 

 

 

6.2

 

 

 

21.9

 

 

 

6.9

 

 

 

6.3

 

 

 

35.1

 

Strategic Services

 

3.3

 

 

 

1.7

 

 

 

5.0

 

 

 

 

 

 

4.0

 

 

 

9.0

 

International

 

5.9

 

 

 

0.8

 

 

 

6.7

 

 

 

0.8

 

 

 

 

 

 

7.5

 

Corporate

 

2.7

 

 

 

1.7

 

 

 

4.4

 

 

 

 

 

 

 

 

 

4.4

 

Total

$

27.8

 

 

$

16.0

 

 

$

43.8

 

 

$

10.1

 

 

$

34.0

 

 

$

87.9

 

 

 

 

 

 

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

Employee

 

 

Restructuring

 

 

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2013

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

$

17.0

 

 

$

10.9

 

 

$

27.9

 

 

$

10.7

 

 

$

 

 

$

38.6

 

Variable Print

 

1.8

 

 

 

10.0

 

 

 

11.8

 

 

 

1.0

 

 

 

 

 

 

12.8

 

Strategic Services

 

2.2

 

 

 

2.0

 

 

 

4.2

 

 

 

2.7

 

 

 

4.7

 

 

 

11.6

 

International

 

9.6

 

 

 

1.9

 

 

 

11.5

 

 

 

0.9

 

 

 

 

 

 

12.4

 

Corporate

 

3.4

 

 

 

1.4

 

 

 

4.8

 

 

 

0.4

 

 

 

 

 

 

5.2

 

Total

$

34.0

 

 

$

26.2

 

 

$

60.2

 

 

$

15.7

 

 

$

4.7

 

 

$

80.6

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2013 and September 30, 2014, and changes during the nine months ended September 30, 2014, were as follows:

 

 

December 31,

2013

 

 

Restructuring

Charges

 

 

Foreign

Exchange and

Other

 

 

Cash

Paid

 

 

September 30,

2014

 

Employee terminations

$

19.7

 

 

$

27.8

 

 

$

1.0

 

 

$

(31.2

)

 

$

17.3

 

Multi-employer pension withdrawal obligations

 

36.8

 

 

 

2.6

 

 

 

(0.6

)

 

 

(3.4

)

 

 

35.4

 

Lease terminations and other

 

21.1

 

 

 

13.4

 

 

 

1.5

 

 

 

(19.6

)

 

 

16.4

 

Total

$

77.6

 

 

$

43.8

 

 

$

1.9

 

 

$

(54.2

)

 

$

69.1