Quarterly report pursuant to Section 13 or 15(d)

Restructuring (Tables)

v3.22.2.2
Restructuring (Tables)
 9 Months Ended
Sep. 30, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
The Company’s restructuring expenses are comprised of the following (in millions):
Successor
Three Months Ended September 30, 2022
Cost of revenue Selling, general
 and administrative		 Total
Severance and employee costs $ 0.1  $ —  $ 0.1 
Other(1)
—  0.5  0.5 
Total $ 0.1  $ 0.5  $ 0.6 
Nine Months Ended September 30, 2022
Cost of revenue Selling, general
 and administrative		 Total
Severance and employee costs $ 0.3  $ 1.3  $ 1.6 
Other(1)
0.5  3.3  3.8 
Total $ 0.8  $ 4.6  $ 5.4 
Predecessor
Three Months Ended September 30, 2021
Cost of revenue Selling, general
 and administrative		 Total
Severance and employee costs $ 0.9  $ —  $ 0.9 
Other(1)
—  0.6  0.6 
Total $ 0.9  $ 0.6  $ 1.5 
Nine Months Ended September 30, 2021
(in millions) Cost of revenue Selling, general
 and administrative		 Total
Severance and employee costs $ 3.1  $ 0.8  $ 3.9 
Other(1)
0.6  0.7  1.3 
Total $ 3.7  $ 1.5  $ 5.2 
(1) Includes facilities, inventory write-downs, outside services, legal matters, and IT costs.
Schedule of Restructuring and Related Costs
The following table summarizes the changes in the Company’s accrued restructuring balance, which are included in Accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets (in millions).
Successor
Balance at December 31, 2021 $ 1.4 
Restructuring charges 5.4 
Payments (5.1)
Adjustments — 
Balance at September 30, 2022 $ 1.7