MOBILE MINI INC - 10-Q filing on 2017-07-21

Restructuring (Tables)

6 Months Ended

Jun. 30, 2017

Restructuring And Related Activities [Abstract]

Accrued Restructuring Obligations and Related Activity

The following table details accrued restructuring obligations (included in accrued liabilities in the Condensed Consolidated Balance Sheets) and related activity for the fiscal year ended December 31, 2016 and the six-month period ended June 30, 2017:

	Fleet and Property, Plant and Equipment Abandonment Costs			Severance and Benefits			Lease Abandonment Costs			Other Costs			Total
	(In thousands)
Accrued obligations as of January 1, 2016	$	—		$	1,245		$	495		$	2		$	1,742
Restructuring expense		109			1,006			3,453			1,452			6,020
Settlement of obligations		(109	)		(1,856	)		(3,580	)		(1,454	)		(6,999	)
Accrued obligations as of December 31, 2016		—			395			368			—			763
Restructuring expense		—			—			705			732			1,437
Settlement of obligations		—			(332	)		(807	)		(684	)		(1,823	)
Accrued obligations as of June 30, 2017	$	—		$	63		$	266		$	48		$	377

Restructuring Expenses

The following amounts are included in restructuring expenses for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(In thousands)
Fleet and property, plant and equipment abandonment costs	$	—	$	2	$	—	$	108
Severance and benefits		—		164		—		236
Lease abandonment costs		189		1,077		705		1,813
Other costs		349		81		732		1,415
Restructuring expenses	$	538	$	1,324	$	1,437	$	3,572