Business Realignment and Restructuring (Tables)

9 Months Ended

Sep. 30, 2022

Business realignment charges by reportable segment were as follows:


		Three months ended				Nine months ended
		September 30,				September 30,
	2022		2021		2022		2021
Control Devices ^(A)	$	-	$	-	$	-	$	192
Electronics ^(B)		-		(16)		-		(3)
Stoneridge Brazil ^(C)		64		-		98		59
Unallocated Corporate ^(D)		190		1,096		190		1,138
Total business realignment charges	$	254	$	1,080	$	288	$	1,386

(A)	Severance costs for the nine months ended September 30, 2021 related to SG&A were $192.

(B)	Severance (benefit) costs for the three months ended September 30, 2021 related to COGS, SG&A and D&D were $1, $9 and $(26), respectively. Severance (benefit) costs for the nine months ended September 30, 2021 related to COGS, SG&A and D&D were $1, $(13) and $9, respectively.

(C)	Severance costs for the three and nine months ended September 30, 2022 related to SG&A were $64 and $98, respectively. Severance costs for the nine months ended September 30, 2021 related to COGS and SG&A were $7 and $52, respectively.

(D)	Severance costs for both the three and nine months ended September 30, 2022 related to SG&A were $190. Severance costs for the three and nine months ended September 30, 2021 related to SG&A were $1,096 and $1,138, respectively.

Business realignment charges classified by statement of operations line item were as follows:


		Three months ended				Nine months ended
		September 30,				September 30,
	2022		2021		2022		2021
Cost of goods sold	$	-	$	1	$	-	$	8
Selling, general and administrative		254		1,105		288		1,369
Design and development		-		(26)		-		9
Total business realignment charges	$	254	$	1,080	$	288	$	1,386

The expenses for the Canton Restructuring that relate to the Control Devices reportable segment include the following:


	Accrual as of		2022 Charge			Utilization			Accrual as of
	January 1, 2022		to Expense		Cash		Non-Cash		September 30, 2022
Employee termination benefits	$	93	$	-	$	(93)	$	-	$	-
Other related costs		-		-		-		-		-
Total	$	93	$	-	$	(93)	$	-	$	-


	Accrual as of		2021 Charge			Utilization			Accrual as of
	January 1, 2021		to Expense		Cash		Non-Cash		September 30, 2021
Employee termination benefits	$	165	$	-	$	(25)	$	-	$	140
Other related costs		-		13		(13)		-		-
Total	$	165	$	13	$	(38)	$	-	$	140

The expenses for the restructuring activities that relate to the Electronics reportable segment include the following:


	Accrual as of		2021 Charge to			Utilization			Accrual as of
	January 1, 2021		Expense		Cash		Non-Cash		September 30, 2021
Employee termination benefits	$	227	$	50	$	(212)	$	-	$	65
Other related costs		-		206		(206)		-		-
Total	$	227	$	256	$	(418)	$	-	$	65

The expenses and liabilities for the exit of the PM sensor line that relate to the Control Devices reportable segment include the following:


	Accrual as of		2022 Charge			Utilization			Accrual as of
	January 1, 2022		to Expense		Cash		Non-Cash		September 30, 2022
Fixed asset impairment and accelerated depreciation	$	-	$	-	$	-	$	-	$	-
Employee termination benefits		35		-		(35)		-		-
Other related costs		-		-		-		-		-
Total	$	35	$	-	$	(35)	$	-	$	-


	Accrual as of		2021 Charge			Utilization			Accrual as of
	January 1, 2021		to Expense		Cash		Non-Cash		September 30, 2021
Fixed asset impairment and accelerated depreciation	$	-	$	188	$	-	$	(188)	$	-
Employee termination benefits		-		139		(139)		-		-
Other related costs		-		2,002		(2,002)		-		-
Total	$	-	$	2,329	$	(2,141)	$	(188)	$	-