King Merger Sub II layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe MD&A reports that SG&A fell in 2016 partly because of a decrease in employee related costs caused by headcount reductions. Cost: $12.6 million decrease in employee related costs

   Word for word“The decrease in SG&A was primarily due to a $32.1 million decrease in acquisition-related costs and a $12.6 million decrease in employee related costs as a result of headcount reductions.” 10-K for 2016

2. Our summaryThe company recorded severance, facility closure and other costs as an adjusting item in its Adjusted EBITDA reconciliation for 2016. year ended December 31, 2016

   Word for word“Severance, facility closures and other 31,498 5,849 35 Customer settlement/bad debt write-off 1,113 7,997 — Incremental insurance reserve — 3,035 — Insurance settlement — — 880 Debt restructuring costs 30,401 — — Reorganization costs 55,330 — — Inventory write-down 35,350 31,109 — Legal settlements 1,020 — — Share-based compensation expense acceleration 7,792 — — Insurance reserve true-up 548 — — Adjusted EBITDA $ (94,842 ) $ 46,756 $ 252,946 108 C&J ENERGY SERVICES LTD. (DEBTOR-IN-POSSESSION) AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2016 Completion Services Well Support Services Other Services Corporate / Elimination Total Net loss $ (253,845 ) $ (426,716 ) $ (58,757 ) $ (204,971 ) $ (944,289 ) Interest expense, net 706 (145 ) — 156,904 157,465 Income tax benefit — — — (129,010 ) (129,010 ) Depreciation and amortization 131,237 84,105 2,307 (209 ) 217,440 Impairment expense 69,822 357,817 8,756 — 436,395 Debt restructuring costs — — — 30,401 30,401 Reorganization costs — — — 55,330 55,330 Other (income) expense, net (374 ) (3,947 ) 6,979 (12,162 ) (9,504 ) (Gain) loss on disposal of assets (769 ) (4,192 ) 3,060 4,976 3,075 Severance, facility closures and other 7,601 3,978 7,558 12,361 31,498 Acquisition-related costs 202 — 209 10,123 10,534 Share-based compensation expense acceleration — — — 7,792 7,792 Customer settlement/bad debt write-off 375 738 — — 1,113 Legal settlements — — — 1,020 1,020 Insurance reserve true-up — — — 548 548 Inventory write-down 5,417 5,822 24,111 — 35,350 Adjusted EBITDA $ (39,628 ) $ 17,460 $ (5,777 ) $ (66,897 ) $ (94,842 ) Year Ended December 31, 2015 Completion Services Well Support Services Other Services Corporate / Elimination Total Net income (loss) $ (755,704 ) $ (163,103 ) $ (68,584 ) $ 114,849 $ (872,542 ) Interest expense, net 358 (41 ) — 81,769 82,086 Income tax benefit — — — (299,093 ) (299,093 ) Depreciation and amortization 170,452 100,858 5,159 (116 ) 276,353 Impairment expense 617,047 134,331 40,429 — 791,807 Other (income) expense, net 472 3,979 (545 ) (12,679 ) (8,773 ) (Gain) loss on disposal of assets 287 (899 ) 19 49 (544 ) Acquisition-related costs — — 46 42,616 42,662 Severance, facility closures and other 2,303 2,248 608 690 5,849 Inventory write-downs 8,620 1,153 21,336 — 31,109 Customer settlement/bad debt write-off 4,269 3,728 — — 7,997 Immaterial accounts payable accrual correction (10,552 ) (2,638 ) — — (13,190 ) Incremental insurance reserve 2,299 350 205 181 3,035 Adjusted EBITDA $ 39,851 $ 79,966 $ (1,327 ) $ (71,734 ) $ 46,756 109 C&J ENERGY SERVICES LTD. (DEBTOR-IN-POSSESSION) AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2014 Completion Services Well Support Services Other Services Corporate / Elimination Total Net income (loss) $ 187,536 $ 28,471 $ 16,029 $ (163,213 ) $ 68,823 Interest expense, net 463 — — 9,377 9,840 Income tax expense — — — 45,679 45,679 Depreciation and amortization 86,514 18,184 3,796 (349 ) 108,145 Other (income) expense, net (384 ) — 550 (764 ) (598 ) (Gain) loss on disposal of assets (51 ) 34 — — (17 ) Acquisition-related costs — — — 20,159 20,159 Severance, facility closures and other 35 — — — 35 Insurance settlement — — — 880 880 Adjusted EBITDA $ 274,113 $ 46,689 $ 20,375 $ (88,231 ) $ 252,946 Note 15 – Quarterly Financial Data (unaudited) Summarized quarterly financial data for the years ended December 31, 2016 and 2015 are presented below (in thousands, except per share amounts).” 10-K for 2016

3. Our summaryThe filing reports a $6.1 million reduction in severance costs compared with the prior year, which the company attributes to headcount reductions in 2016. Cost: $6.1 million reduction in severance costs

   Word for word“(iii) a $6.1 million reduction in severance costs as a result of headcount reductions in the corresponding prior year period.” 10-K for 2017

4. Our summaryThe filing reports severance, facility closures and other charges in its Adjusted EBITDA reconciliation for 2017, including Well Support Services severance. Year ended December 31, 2017

   Word for word“Severance, facility closures and other 5,954 34,179 16,881 Restructuring costs 11,236 30,401 — Reorganization costs — 55,330 — Inventory write-down — 35,350 31,109 Share-based compensation expense acceleration 15,658 7,792 — Immaterial accounts payable accrual correction — — (13,190 ) Adjusted EBITDA $ 130,862 $ (94,842 ) $ 46,756 Year Ended December 31, 2017 (Successor) Completion Services Well Support Services Corporate / Elimination Total Net income (loss) $ 161,124 $ (19,390 ) $ (119,277 ) $ 22,457 Interest expense, net 634 87 806 1,527 Income tax benefit (28,950 ) — (10,810 ) (39,760 ) Depreciation and amortization 88,053 48,832 3,765 140,650 Other (income) expense, net 4,205 (2,281 ) (1,927 ) (3 ) Gain on disposal of assets (7,753 ) (23,706 ) (4 ) (31,463 ) Acquisition-related costs 4,474 — 132 4,606 Severance, facility closures and other — 5,441 513 5,954 Restructuring costs 101 250 10,885 11,236 Share-based compensation expense acceleration — — 15,658 15,658 Adjusted EBITDA $ 221,888 $ 9,233 $ (100,259 ) $ 130,862 115 C&J ENERGY SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2016 (Predecessor) Completion Services Well Support Services Other Services Corporate / Elimination Total Net loss $ (306,866 ) $ (373,695 ) $ (58,757 ) $ (204,971 ) $ (944,289 ) Interest expense, net 706 (145 ) — 156,904 157,465 Income tax benefit — — — (129,010 ) (129,010 ) Depreciation and amortization 141,742 73,600 2,307 (209 ) 217,440 Other (income) expense, net (453 ) (3,868 ) 6,979 (12,162 ) (9,504 ) (Gain) loss on disposal of assets (1,856 ) (3,105 ) 3,060 4,976 3,075 Impairment expense 105,952 321,687 8,756 — 436,395 Acquisition-related costs 202 — 209 10,123 10,534 Severance, facility closures and other 8,226 4,466 7,558 13,929 34,179” 10-K for 2017

5. Our summaryThe company recorded severance expense and accelerated equity vesting tied to an executive officer's departure, which increased 2018 SG&A. Cost: $4.2 million

   Word for word“The decrease in SG&A was primarily due to (i) an $11.2 million reduction in employee related costs (excluding O-Tex), (ii) a $10.8 million reduction in share-based compensation expense related to an accelerated vesting in the first quarter of 2017, (iii) a $7.9 million reduction in restructuring charges related to our Chapter 11 bankruptcy proceeding in the corresponding prior year period, (iv) a $3.6 million reduction in acquisition-related costs related to the O-Tex Transaction and (v) a $1.9 million reduction in legal expenses, offset by (i) an incremental $10.1 million increase in SG&A expenses as a result of the acquisition of O-Tex and (ii) a $4.2 million increase in severance expense and accelerated equity vesting associated with the departure of an executive officer.” 10-K for 2018

King Merger Sub II has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from King Merger Sub II’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.