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89
well as other support functions. The Other Restructuring Actions are considered substantially completed and any remaining charges to
be incurred from these actions are expected to be immaterial.
Impact to 2015, 2014 and 2013 Financial Results
For the year ended December 31, 2015, charges (reversals) for the Company’s Other Restructuring Actions were recorded in the
Consolidated Statements of Earnings as follows:
Restructuring
Selling, general,
and related
Impact on
Restructuring-
Impact on
and
charges
Operating
related costs
Gross profit
administrative
(reversals)
Income
Accelerated depreciation charges
$
0.4
$
0.4
$
1.0
$
–
$
1.4
Excess components and other inventory-
related charges
1.2
1.2
–
–
1.2
Employee termination benefit charges
–
–
–
0.1
0.1
Contract termination and lease charges
(reversals)
–
–
–
(0.5)
(0.5)
Total restructuring charges (reversals)
$
1.6
$
1.6
$
1.0
$
(0.4)
$
2.2
For the year ended December 31, 2014, charges for the Company’s Other Restructuring Actions were recorded in the Consolidated
Statements of Earnings as follows:
Selling,
Restructuring
Impact on
Restructuring-
Impact on
general and
and related
Operating
related costs
Gross profit
administrative
charges
Income
Accelerated depreciation charges
$
1.7
$
1.7
$
2.3
$
–
$
4.0
Excess components and other inventory-
related charges
7.6
7.6
–
–
7.6
Employee termination benefit charges
–
–
–
14.2
14.2
Contract termination and lease charges
–
–
–
3.7
3.7
Total restructuring charges
$
9.3
$
9.3
$
2.3
$
17.9
$
29.5
For the year ended December 31, 2013, charges (reversals) for the Company’s Other Restructuring Actions were recorded in the
Consolidated Statements of Earnings as follows:
Restructuring
Selling,
and related
Impact on
Restructuring-
Impact on
general and
charges
Operating
related costs
Gross profit
administrative
(reversals)
Income
Accelerated depreciation charges
$
5.6
$
5.6
$
5.5
$
–
$
11.1
Impairment of long-lived assets held for
sale
15.8
15.8
–
–
15.8
Employee termination benefit charges
–
–
–
11.1
11.1
Contract termination and lease charges
(reversals)
–
–
–
(0.2)
(0.2)
Total restructuring charges
$
21.4
$
21.4
$
5.5
$
10.9
$
37.8
For the years ended December 31, 2015, 2014, and 2013, the Company incurred restructuring charges in connection with the Other
Restructuring Actions in the Company’s segments as follows:
2015
2014
2013
ISS
$
1.4
$
15.0
$
25.2
All other
0.6
3.5
7.9
Enterprise Software
0.2
11.0
4.7
Total charges
$
2.2
$
29.5
$
37.8