XML 33 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restructuring (Tables)
 9 Months Ended
Sep. 30, 2018
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table summarizes restructuring charges for the three and nine months ended September 30, 2018 and 2017, respectively, under both plans:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
2018
 
2017
 
2018
 
20171
Contractual Lease Obligations
$
586

 
$
694

 
$
1,512

 
$
12,011

Severance (Reversals) Expense, Net
—

 
(285
)
 
601

 
1,306

Other Reversals
—

 
—

 
(1,176
)
 
—

Gain on Sale of Closed Store Properties
(49
)
 
—

 
(376
)
 
—

Fixed Asset Impairment
—

 
436

 
—

 
1,300

Restructuring Expenses, Net
$
537

 
$
845

 
$
561

 
$
14,617


1 Substantially all restructuring charges incurred during 2017 were incurred within the Aaron's Business segment. The Company also incurred restructuring charges of $0.3 million during the nine months ended September 30, 2017 within the DAMI segment related primarily to the segment's relocation of its corporate offices.
Schedule of Restructuring Reserve
The following table summarizes the balances of the accruals for the restructuring programs, which are recorded in accounts payable and accrued expenses in the condensed consolidated balance sheets, and the activity for the nine months ended September 30, 2018:
(In Thousands)
Contractual Lease Obligations
 
Severance
Balance at January 1, 2018
$
12,437

 
$
2,303

Charges
—

 
601

Adjustments1
1,512

 
—

Restructuring Charges
1,512

 
601

Payments
(4,559
)
 
(1,895
)
Balance at September 30, 2018
$
9,390

 
$
1,009

1 Adjustments relate to early buyouts of leases, changes in sublease assumptions and interest accretion.