Annual report pursuant to Section 13 and 15(d)

RESTRUCTURING CHARGES

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RESTRUCTURING CHARGES
12 Months Ended
Dec. 31, 2021
Restructuring Charges [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
 
In the fourth quarter of 2021, fourth quarter of 2020 and first quarter of 2019, we recorded $8.6 million ($6.5 million, net of tax), $31.9 million ($24.3 million, net of tax) and $11.5 million ($8.8 million, net of tax) of restructuring charges, respectively, all of which were recorded in selling, general and administrative expenses on our Consolidated Statements of Income (Loss). These charges were recorded to general corporate expense and resulted from our continuing efforts to realign our internal resources to support the Company’s strategic objectives. The 2021, 2020 and 2019 restructuring charges primarily relate to a reduction in headcount. As of December 31, 2021, no payments have been made related to the 2021 restructuring charge. As of December 31, 2021, payments for the 2020 and 2019 restructuring charges were substantially completed.