XML 35 R22.htm IDEA: XBRL DOCUMENT v3.19.2
OTHER ITEMS IMPACTING COMPARABILITY
 6 Months Ended
Jun. 30, 2019
Other Income and Expenses [Abstract]  
OTHER ITEMS IMPACTING COMPARABILITY OTHER ITEMS IMPACTING COMPARABILITY

Our primary measure of segment performance as shown in Note 17, "Segment Reporting," excludes certain items we do not believe are representative of the ongoing operations of the segment. Excluding these items from our segment measure of performance allows for better year over year comparison:
 
Three months ended June 30,
 
Six months ended June 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Restructuring and other, net
$
5,935

 
2,774

 
$
8,523

 
2,382

ERP implementation
3,901

 
—

 
7,491

 
—

Goodwill impairment
—

 
—

 
—

 
15,513

Restructuring and other items, net
9,836

 
2,774

 
16,014

 
17,895

Gain on sale of property
(18,614
)
 
—

 
(18,614
)
 
—

Total
$
(8,778
)
 
2,774

 
$
(2,600
)
 
17,895


During the three and six months ended June 30, 2019 and 2018, the below items were recorded in "Restructuring and other, net" in our Consolidated Condensed Statements of Earnings:

•
Restructuring and other, net - For the three months ended June 30, 2019, this primarily included charges related to cost savings initiatives and the pursuit of a commercial claim. In addition, for the six months ended June 30, 2019, this also included income from our Singapore operations that was shut down during the second quarter of 2019. For the three months ended June 30, 2018, this primarily related to losses from our Singapore operations that was shut down in the second quarter of 2019, transaction costs and restructuring charges related to the acquisitions of MXD and Metro adjustments offset by an adjustment to the restructuring accrual recorded as of December 31, 2017. For the six months ended June 30, 2018, this also included a net benefit for an adjustment to the one-time Tax Reform-related employee bonus accrued as of December 31, 2017.

•
ERP Implementation - Related to charges with the implementation of an Enterprise Resource Planning (ERP) system.

•
Goodwill impairment - Related to an impairment charge of goodwill associated with our FMS Europe reporting unit.

In addition, we recorded a gain on the sale of certain SCS properties during the three months ended June 30, 2019. The gain is reflected within "Miscellaneous Income" in our Consolidated Condensed Statements of Earnings.

Income Taxes
The decrease in the provision for income taxes in the second quarter and in the first half of 2019 primarily reflects an additional tax provision recorded in the second quarter of 2018 to adjust the provisional estimate for the one-time transition tax associated with the 2017 Tax Cuts and Jobs Act.