RESTRUCTURING AND OTHER SPECIAL CHARGES

During the first nine months of 2017, the Company recorded net restructuring and other special charges of $64.6; $14.1 within LCD and $50.5 within CDD. The charges were comprised of $27.2 related to severance and other personnel costs along with $17.9 in costs associated with facility closures and general integration initiatives. The charges were offset by the reversal of previously established reserves of $1.5, primarily in unused severance reserves. The Company also recognized asset impairment losses of $20.9 related to the termination of software development projects within the CDD segment and the forgiveness of certain indebtedness for LCD customers in areas heavily impacted by hurricanes during the third quarter.

The Company incurred legal and other costs of $29.8 relating to recent acquisition activity. The Company also recorded $8.0 in consulting expenses relating to Covance Inc. (Covance) and Chiltern integration activities, along with $0.9 in short-term equity retention arrangements relating to the Covance acquisition. In addition, the Company incurred $8.2 of non-capitalized costs associated with the implementation of a major system as part of its LaunchPad business process improvement initiative (all recorded in selling, general and administrative expenses).

During the first nine months of 2016, the Company recorded net restructuring and other special charges of $48.6; $9.7 within LCD and $38.9 within CDD. The charges were comprised of $23.1 related to severance and other personnel costs along with $30.7 in costs associated with facility closures. A substantial portion of these costs relate to the planned closure of duplicative data center operations. The Company reversed previously established reserves of $2.4 in unused severance reserves primarily as the result of selling one of CDD's minimum volume contract facilities to a third party and $2.8 for costs related to unused facilities.

The Company incurred additional legal and other costs of $4.0 relating to the wind-down of its minimum volume contract operations and incurred $7.4 in acquisition fees and expenses. The Company also recorded $5.5 in consulting expenses relating to fees incurred as part of its integration and compensation analysis, along with $2.3 in short-term equity retention arrangements relating to the Covance acquisition and $7.4 of accelerated equity compensation relating to the announced retirement of a Company executive. In addition, the Company incurred $8.1 of non-capitalized costs associated with the implementation of a major system as part of LaunchPad (all recorded in selling, general and administrative expenses). In conjunction with certain international legal entity tax structuring, the Company recorded a one-time tax liability of $1.1. The Company also incurred $5.6 of interest expense relating to the early retirement of subsidiary indebtedness assumed as part of its acquisition of Sequenom, Inc. (Sequenom).

The following represents the Company’s restructuring reserve activities for the period indicated:



	LCD						CDD
	Severance and Other Employee Costs			Lease and Other Facility Costs			Severance and Other Employee Costs			Lease and Other Facility Costs			Total
Balance as of December 31, 2016	$	7.5		$	14.1		$	28.2		$	32.5		$	82.3
Restructuring charges	8.7			5.9			18.5			33.0			66.1
Reduction of prior restructuring accruals	(0.4		)	(0.1		)	(0.9		)	(0.1		)	(1.5		)
Cash payments and other adjustments	(13.7		)	(6.7		)	(34.1		)	(29.1		)	(83.6		)
Balance as of September 30, 2017	$	2.1		$	13.2		$	11.7		$	36.3		$	63.3
Current													$	29.1
Non-current													34.2
													$	63.3

Certain restructuring reserves for lease and other facility costs, totaling $9.8 as of December 31, 2016, have been reclassified from the LCD segment to the CDD segment.