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Cost Reduction and Manufacturing Capacity Rationalization
12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Cost Reduction and Manufacturing Capacity Rationalization Cost Reduction and Manufacturing Capacity Rationalization
During 2019, the Company began implementing cost reduction and manufacturing capacity rationalization initiatives (the "Restructuring Initiatives") in response to declines in end market volumes. Furthermore, in 2020, the Company began implementing additional cost reduction initiatives and further manufacturing capacity rationalization initiatives in response to the COVID-19 pandemic ("2020 Initiatives"). The Restructuring Initiatives and 2020 Initiatives consist primarily of headcount reductions in each segment and at corporate, as well as other costs associated with transfer of production and subsequent closure of facilities, and expansion of production footprint to manufacture warehouse automation subsystems.

On November 1, 2021, the Company's Board of Directors approved a restructuring program to align the Company's cost structure to support margin expansion. The program includes workforce reductions and footprint optimization across segments. We expect the restructuring cost to be between $4.0 million to $6.0 million for the entire program.

The changes in accrued restructuring balances are as follows: 
Total
Balance - December 31, 2019$2,324 
New charges6,914 
Payments and other adjustments(8,559)
Balance - December 31, 2020$679 
New charges1,895 
Payments and other adjustments(2,088)
Balance - December 31, 2021$486 
Substantially all of the $1.9 million costs incurred in the twelve months ended December 31, 2021, related to headcount reductions and none related to facility exit and other costs. More than half of the costs were incurred in the Electrical Systems segment with the remainder split between Vehicle Solutions and Warehouse Automation segments. Of the $1.9 million costs incurred, $1.2 million was recorded in cost of revenues and $0.7 million was recorded in selling, general and administrative expenses.
Of the $6.9 million costs incurred in the twelve months ended December 31, 2020, $3.5 million primarily related to headcount reductions and $3.4 million related to facility exit and other costs. The headcount reductions were primarily related to the Vehicle Solutions segment and Corporate, and the facility costs were primarily related to the Vehicle Solutions segment. Of the $6.9 million costs incurred, $4.7 million was recorded in cost of revenues and $2.2 million was recorded in selling, general and administrative expenses.