XML 27 R13.htm IDEA: XBRL DOCUMENT v3.22.4
RESTRUCTURING ACTIVITIES
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES

(4) RESTRUCTURING ACTIVITIES

During 2020, the Company executed certain regional restructuring activities (the "2020 Plan") and a U.S. specific early retirement program. The 2020 Plan included the closure of one U.S. galvanizing facility. All 2020 restructuring activities were completed by December 26, 2020. The Company recorded the following pre-tax expenses:

Infrastructure

Agriculture

Other

Corporate

Total

Severance

$

1,139

$

$

$

$

1,139

Other cash restructuring expenses

 

1,847

 

 

 

 

1,847

Impairments of fixed assets/net loss on disposals

 

3,751

 

 

 

 

3,751

Total cost of sales

 

6,737

 

 

 

 

6,737

Severance

 

7,873

 

2,968

 

1,192

 

1,761

 

13,794

Other cash restructuring expenses

 

1,852

 

 

79

 

244

 

2,175

Impairments of assets / net loss on disposals

 

349

 

 

94

 

 

443

Total selling, general and administrative expenses

 

10,074

 

2,968

 

1,365

 

2,005

 

16,412

Consolidated total

$

16,811

$

2,968

$

1,365

$

2,005

$

23,149