Restructuring Charges (SF.IS.RestructuringCharge_Banks)
Restructuring Charges (SF.IS.RestructuringCharge_Banks) refers to expenses associated with the reorganization of certain functions, regrouping of divisions or closing of a facility/branch. These expenses may include the consolidation of divisions, relocation of facilities and/or employees, and other non-recurring employee termination costs.
In a few scenarios,a company may present the value of impairment which cannot be related to the face of the income statement, or to the notes to values reported on the face under the results discussed by management or under footnote–Restructuring Charge, Supplemental (SF.IS.RestructuringChargeSuppl).
Restructuring Charges (SF.IS.RestructuringCharge_Banks) includes:
- Non-recurring/one-off/unusual severance payment expenses
Restructuring Charges (SF.IS.RestructuringCharge_Banks) does not include:
- The remaining portion of restructuring costs, which has not been shown by Refinitiv on the face of the income statement (classified as Restructuring Charge, Supplemental (SF.IS.RestructuringChargeSuppl))
- Severance payment expenses in the usual course of business (classified as Labor & Related Expense, Supplemental (SF.Notes.IS.LaborAndRelated_ExpenseSuppl))
- Extraordinary restructuring charges reported below net income before taxes (classified as Extraordinary Item (SF.IS.ExtraordinaryItems))