Restructuring Activities (Notes)

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Activities

During the three months ended March 31, 2021, restructuring activities resulted in a net gain of $0.3 million, primarily as a result of a $0.7 million disposition of certain non-operating facilities included in previous restructuring plans, partially offset by $0.4 million in employee severance costs.

During the three months ended March 31, 2020, we recorded total restructuring charges of $5.5 million, consisting of $5.2 million of non-cash charges from the write-down of our corporate headquarters campus and $4.1 million in cash charges for severance costs, partially offset by a $3.8 million gain on the disposition of a non-operating facility.

The following table sets forth the restructuring activity and balance of the restructuring liability, which is included in other liabilities in our Consolidated Balance Sheets:

	Accrued charges as of December 31, 2020		Charges and adjustments		Payments		Accrued charges as of March 31, 2021
	(in millions)
Cash charges:
Employee severance costs	$	1.4	$	0.4	$	(1.0)	$	0.8
	$	1.4	$	0.4	$	(1.0)	$	0.8
Non-cash charges:
Gain on disposition of assets			$	(0.7)
Total restructuring activities			$	(0.3)

Although restructuring activities are not allocated to our reportable segments, the following table summarizes the restructuring activities by reportable segment:

	Three Months Ended March 31, 2021
	Employee Severance Costs		Gain on Disposition on Assets		Total
	(in millions)
Railcar Leasing and Management Services Group	$	—	$	—	$	—
Rail Products Group	0.3		—		0.3
All Other	—		(0.7)		(0.7)
Corporate	0.1		—		0.1
Total restructuring activities	$	0.4	$	(0.7)	$	(0.3)

	Three Months Ended March 31, 2020
	Employee Severance Costs		Gain on Disposition of Assets		Write-down of Assets		Total
	(in millions)
Railcar Leasing and Management Services Group	$	—	$	—	$	—	$	—
Rail Products Group	2.6		—		—		2.6
All Other	0.1		(3.8)		—		(3.7)
Corporate	1.4		—		5.2		6.6
Total restructuring activities	$	4.1	$	(3.8)	$	5.2	$	5.5