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Cost Reduction and Manufacturing Capacity Rationalization
3 Months Ended
Mar. 31, 2022
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 ("the 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, 2020$679 
New charges— 
Payments and other adjustments(262)
Balance - March 31, 2021$417 
Balance - December 31, 2021$486 
New charges989 
Payments and other adjustments(1,092)
Balance - March 31, 2022$383 
Of the $1.0 million costs incurred in the three months ended March 31, 2022 for restructuring, $0.9 million related to facility exit and other costs and $0.1 million related to headcount reductions. Of the $1.0 million costs incurred, $0.2 million related to Vehicle Solutions segment, $0.4 million related to Electrical Systems segment and $0.4 million related to Aftermarket segment. Of the $1.0 million costs incurred, $0.9 million was recorded in cost of revenues and $0.1 million was recorded in selling, general and administrative expenses.