XML 39 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Restructuring, Impairment and Other Charges (Tables)
3 Months Ended
Mar. 31, 2016
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

For the three months ended March 31, 2016 and 2015, the Company recorded the following net restructuring, impairment and other charges:

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

March 31, 2016

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

0.6

 

 

$

1.0

 

 

$

1.6

 

 

$

1.0

 

 

$

0.8

 

 

$

3.4

 

Variable Print

 

 

0.2

 

 

 

0.9

 

 

 

1.1

 

 

 

(0.3

)

 

 

0.4

 

 

 

1.2

 

Strategic Services

 

 

0.3

 

 

 

0.5

 

 

 

0.8

 

 

 

 

 

 

0.2

 

 

 

1.0

 

International

 

 

3.7

 

 

 

1.5

 

 

 

5.2

 

 

 

(2.7

)

 

 

 

 

 

2.5

 

Corporate

 

 

0.2

 

 

 

0.2

 

 

 

0.4

 

 

 

1.2

 

 

 

 

 

 

1.6

 

Total

 

$

5.0

 

 

$

4.1

 

 

$

9.1

 

 

$

(0.8

)

 

$

1.4

 

 

$

9.7

 

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

March 31, 2015

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

2.8

 

 

$

1.1

 

 

$

3.9

 

 

$

(0.4

)

 

$

0.8

 

 

$

4.3

 

Variable Print

 

 

2.0

 

 

 

1.3

 

 

 

3.3

 

 

 

1.3

 

 

 

0.4

 

 

 

5.0

 

Strategic Services

 

 

1.6

 

 

 

0.5

 

 

 

2.1

 

 

 

 

 

 

0.1

 

 

 

2.2

 

International

 

 

7.7

 

 

 

0.2

 

 

 

7.9

 

 

 

(0.2

)

 

 

 

 

 

7.7

 

Corporate

 

 

0.1

 

 

 

0.5

 

 

 

0.6

 

 

 

 

 

 

 

 

 

0.6

 

Total

 

$

14.2

 

 

$

3.6

 

 

$

17.8

 

 

$

0.7

 

 

$

1.3

 

 

$

19.8

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2015 and March 31, 2016, and changes during the three months ended March 31, 2016, were as follows:

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

Exchange and

 

 

Cash

 

 

March 31,

 

 

2015

 

 

Charges

 

 

Other

 

 

Paid

 

 

2016

 

Employee terminations

$

20.2

 

 

$

5.0

 

 

$

(0.1

)

 

$

(16.8

)

 

$

8.3

 

Multi-employer pension withdrawal obligations

 

32.9

 

 

 

0.5

 

 

 

 

 

 

(1.2

)

 

 

32.2

 

Lease terminations and other

 

10.6

 

 

 

3.6

 

 

 

 

 

 

(4.6

)

 

 

9.6

 

Total

$

63.7

 

 

$

9.1

 

 

$

(0.1

)

 

$

(22.6

)

 

$

50.1