RESTRUCTURING AND OTHER SPECIAL CHARGES

3 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING AND OTHER CHARGES

During the six months ended June 30, 2020, the Company recorded net restructuring and other charges of $31.8: $11.8 within LCD and $20.0 within CDD. The charges were comprised of $10.5 related to severance and other personnel costs, $8.0 for a CDD lab facility and equipment impairments, and $20.0 in facility closures, impairment of operating lease right-of use assets and general integration activities. The charges were offset by the reversal of previously established liability of $1.0 and $5.7 in unused severance costs and facility-related costs, respectively.

During the six months ended June 30, 2019, the Company recorded net restructuring and other charges of $34.2: $16.1 within LCD and $18.1 within CDD. The charges were comprised of $20.3 related to severance and other personnel costs and $13.5 in costs associated with facility closures, impairment of operating lease right-of-use assets and general integration initiatives. The charges were increased by the adjustment of previously established reserves of $0.4 in severance reserves.

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

	LCD				CDD
	Severance and Other Employee Costs		Facility Costs		Severance and Other Employee Costs		Facility Costs		Total
Balance as of December 31, 2019	$	0.5	$	2.7	$	5.5	$	4.7	$	13.4
Restructuring charges	2.7		3.5		7.8		6.4		20.4
Adjustments to prior restructuring accruals	(0.1)		(0.4)		(0.9)		(5.3)		(6.7)
Impairment of lab facility and equipment	—		—		—		8.0		8.0
Impairment of operating lease right-of-use asset	—		6.1		—		4.0		10.1
Cash payments and other adjustments	(3.0)		(9.9)		(3.8)		(15.5)		(32.2)
Balance as of June 30, 2020	$	0.1	$	2.0	$	8.6	$	2.3	$	13.0
Current									$	9.4
Non-current									3.6
									$	13.0