Rendering
Component: (Network and Table) |
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Network | 2319301 - Disclosure - RESTRUCTURINGS (Tables) (http://www.impaxlabs.com/role/RestructuringsTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001003642 (http://www.sec.gov/CIK) |
Restructuring and Related Activities [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Restructuring and Related Activities [Abstract] | |
Summary of Total Estimated Charges to be Incurred by Type | The following is a summary of the total estimated charges to be incurred by major type of cost (in millions):
| | | | | Type of Cost | Amount Expected to be Incurred | Employee retention and severance payments | $ | 13.4 |
| Technical transfer of products | 11.2 |
| Asset impairment and accelerated depreciation charges | 18.0 |
| Facilities lease terminations and asset retirement obligations | 1.0 |
| Legal and professional fees | 0.3 |
| Total estimated restructuring charges | $ | 43.9 |
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Schedule of Restructuring Reserve by Type of Cost | A rollforward of the charges incurred for the year ended December 31, 2016 is as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | Balance as of | | Expensed/ | | Cash | | Non-Cash | | Balance as of | | | December 31, 2015 | | Accrued Expense | | Payments | | Items | | December 31, 2016 | Employee retention and severance payments | | $ | — |
| | $ | 6,636 |
| | $ | (691 | ) | | $ | — |
| | $ | 5,945 |
| Technical transfer of products | | — |
| | 6,573 |
| | (6,573 | ) | | — |
| | — |
| Asset impairment and accelerated depreciation charges | | — |
| | 13,678 |
| | — |
| | (13,678 | ) | | — |
| Facilities lease terminations and asset retirement obligations | | — |
| | 209 |
| | — |
| | — |
| | 209 |
| Legal and professional fees | | — |
| | 12 |
| | (12 | ) | | — |
| | — |
| Total | | $ | — |
| | $ | 27,108 |
| | $ | (7,276 | ) | | $ | (13,678 | ) | | $ | 6,154 |
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