Subsequent Events

3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

During the first quarter of 2020, broad measures taken by governments, businesses and others across the globe to limit the spread of novel corona virus ("COVID-19") adversely affected the Company. Production was significantly reduced or suspended at the Company's Chinese and European facilities during the first quarter of 2020. The resulting significant decline in economic activity has also reduced the demand for the Company's products from customers and limited the availability of components from suppliers. The Company has initiated several cost reduction measures which are designed to ease liquidity pressure over the next twelve months. These cost containment actions include spending and travel restrictions,

significant reductions in temporary personnel, furloughs, suspension of incentive compensation and profit sharing,

benefit reductions and salary reductions. The Company has also adjusted production levels at its manufacturing plants to align more closely with the reduced levels of demand, and is working closely with suppliers to help ensure current needs are met while also ensuring continuity for when the market improves.