XML 41 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
Restructuring, Impairment and Other Charges (Tables)
6 Months Ended
Jun. 30, 2017
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

For the three months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges:  

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

June 30, 2017

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Variable Print

 

$

0.6

 

 

$

0.2

 

 

$

0.8

 

 

$

(0.3

)

 

$

0.5

 

 

$

1.0

 

Strategic Services

 

 

0.1

 

 

 

(0.1

)

 

 

 

 

 

 

 

 

0.1

 

 

 

0.1

 

International

 

 

1.0

 

 

 

0.9

 

 

 

1.9

 

 

 

 

 

 

 

 

 

1.9

 

Corporate

 

 

0.7

 

 

 

0.1

 

 

 

0.8

 

 

 

 

 

 

 

 

 

0.8

 

Total

 

$

2.4

 

 

$

1.1

 

 

$

3.5

 

 

$

(0.3

)

 

$

0.6

 

 

$

3.8

 

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

June 30, 2016

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Variable Print

 

$

0.2

 

 

$

0.4

 

 

$

0.6

 

 

$

0.4

 

 

$

0.5

 

 

$

1.5

 

Strategic Services

 

 

0.2

 

 

 

 

 

 

0.2

 

 

 

 

 

 

0.1

 

 

 

0.3

 

International

 

 

2.3

 

 

 

0.6

 

 

 

2.9

 

 

 

0.3

 

 

 

 

 

 

3.2

 

Corporate

 

 

3.4

 

 

 

(0.2

)

 

 

3.2

 

 

 

 

 

 

 

 

 

3.2

 

Total

 

$

6.1

 

 

$

0.8

 

 

$

6.9

 

 

$

0.7

 

 

$

0.6

 

 

$

8.2

 

For the six months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges:

Six Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

June 30, 2017

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Variable Print

 

$

1.0

 

 

$

0.3

 

 

$

1.3

 

 

$

(0.3

)

 

$

1.0

 

 

$

2.0

 

Strategic Services

 

 

1.1

 

 

 

0.3

 

 

 

1.4

 

 

 

0.5

 

 

 

0.2

 

 

 

2.1

 

International

 

 

4.5

 

 

 

1.9

 

 

 

6.4

 

 

 

 

 

 

 

 

 

6.4

 

Corporate

 

 

2.2

 

 

 

0.2

 

 

 

2.4

 

 

 

 

 

 

 

 

 

2.4

 

Total

 

$

8.8

 

 

$

2.7

 

 

$

11.5

 

 

$

0.2

 

 

$

1.2

 

 

$

12.9

 

 

Six Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

June 30, 2016

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Variable Print

 

$

0.4

 

 

$

1.2

 

 

$

1.6

 

 

$

0.3

 

 

$

0.9

 

 

$

2.8

 

Strategic Services

 

 

0.5

 

 

 

 

 

 

0.5

 

 

 

 

 

 

0.2

 

 

 

0.7

 

International

 

 

6.5

 

 

 

1.1

 

 

 

7.6

 

 

 

(2.5

)

 

 

 

 

 

5.1

 

Corporate

 

 

3.6

 

 

 

 

 

 

3.6

 

 

 

1.3

 

 

 

 

 

 

4.9

 

Total

 

$

11.0

 

 

$

2.3

 

 

$

13.3

 

 

$

(0.9

)

 

$

1.1

 

 

$

13.5

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2016 and June 30, 2017, and changes during the six months ended June 30, 2017, were as follows:

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

Exchange and

 

 

Cash

 

 

June 30,

 

 

 

2016

 

 

Charges

 

 

Other

 

 

Paid

 

 

2017

 

Employee terminations

 

$

7.6

 

 

$

8.8

 

 

$

(0.3

)

 

$

(7.6

)

 

$

8.5

 

Multi-employer pension withdrawal obligations

 

 

11.8

 

 

 

0.3

 

 

 

 

 

 

(0.7

)

 

 

11.4

 

Lease terminations and other

 

 

1.6

 

 

 

2.4

 

 

 

0.9

 

 

 

(1.6

)

 

 

3.3

 

Total

 

$

21.0

 

 

$

11.5

 

 

$

0.6

 

 

$

(9.9

)

 

$

23.2