XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.1
RESTRUCTURING AND OTHER RELATED CHARGES
3 Months Ended
Mar. 31, 2019
RESTRUCTURING AND OTHER RELATED CHARGES [Abstract]  
RESTRUCTURING AND OTHER RELATED CHARGES (CREDITS)
RESTRUCTURING AND OTHER RELATED CHARGES (CREDITS)

Our restructuring and other related charges (credits), net for the three and three months ended March 31, 2019 and 2018 are summarized by program and by segment as follows (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
 
(unaudited)
 
(unaudited)
OneTEAM Program
 
 
 
Severance and related costs
 
 
 
IHT
$
102

 
$

MS
85

 

Quest Integrity

 

Corporate and shared support services
21

 

Subtotal
208

 

 
 
 
 
Grand Total
$
208

 
$


OneTEAM Program
In the fourth quarter of 2017, we engaged outside consultants to assess all aspects of our business for improvement and cost saving opportunities. In the first quarter of 2018, we completed the design phase of the project, known as OneTEAM, and entered in the deployment phase starting in the second quarter of 2018. As part of the OneTEAM Program, we decided to eliminate certain employee positions. For the three months ended March 31, 2019, we have incurred severance charges of $0.2 million. We have incurred $6.9 million of severance charges cumulatively to date. As the OneTEAM Program continues, we expect some additional employee positions may be identified and impacted, resulting in additional severance costs. We expect that the OneTEAM Program will be largely completed in the first half of 2019.

A rollforward of our accrued severance liability associated with this program is presented below (in thousands):
 
Three Months Ended
March 31, 2019
 
(unaudited)
Balance, beginning of period
$
2,283

Charges
208

Payments
(1,206
)
Balance, end of period
$
1,285