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Restructuring, Asset Impairment, and Transition Expenses (Tables)
12 Months Ended
Dec. 31, 2021
Restructuring And Related Activities [Abstract]  
Reconciliation of Accrued Restructuring Costs

The following table is a reconciliation of the accrued restructuring costs between January 1, 2019 and December 31, 2021.

 

 

 

2017 Altra
Plan

 

 

2019 Altra
Plan

 

 

Total All
Plans

 

Balance at January 1, 2019

 

$

1.9

 

 

$

 

 

$

1.9

 

Restructuring expense incurred

 

 

5.7

 

 

 

8.4

 

 

 

14.1

 

Cash payments

 

 

(6.1

)

 

 

(5.8

)

 

 

(11.9

)

Balance at December 31, 2019

 

 

1.5

 

 

 

2.6

 

 

 

4.1

 

Restructuring expense incurred

 

 

0.5

 

 

 

6.9

 

 

 

7.4

 

Cash payments

 

 

(1.5

)

 

 

(7.7

)

 

 

(9.2

)

Balance at December 31, 2020

 

 

0.5

 

 

 

1.8

 

 

 

2.3

 

Restructuring expense incurred

 

 

 

 

 

3.0

 

 

 

3.0

 

Cash payments

 

 

(0.5

)

 

 

(4.3

)

 

 

(4.8

)

Balance at December 31, 2021

 

$

 

 

$

0.5

 

 

$

0.5

 

Reconciliation of Restructuring Expense by Segment

The following table is a reconciliation of restructuring expense by segment for the year ending December 31, 2021.

 

 

 

2017 Altra
Plan

 

 

2019 Altra
Plan

 

 

Total All
Plans

 

Power Transmission Technologies

 

$

 

 

$

1.8

 

 

$

1.8

 

Automation & Specialty

 

 

 

 

 

1.2

 

 

 

1.2

 

Expense for the year ending December 31, 2021

 

$

 

 

$

3.0

 

 

$

3.0

 

 

 

 

The following table is a reconciliation of restructuring expense by segment for the year ending December 31, 2020.

 

 

 

 

2017 Altra
Plan

 

 

2019 Altra
Plan

 

 

Total All
Plans

 

Power Transmission Technologies

 

$

0.5

 

 

$

4.2

 

 

$

4.7

 

Automation & Specialty

 

 

 

 

 

2.7

 

 

 

2.7

 

Expense for the year ending December 31, 2020

 

$

0.5

 

 

$

6.9

 

 

$

7.4

 

 

 

The following table is a reconciliation of restructuring expense by segment for the year ending December 31, 2019.

 

 

 

 

2017 Altra
Plan

 

 

2019 Altra
Plan

 

 

Total All
Plans

 

Power Transmission Technologies

 

$

5.7

 

 

$

0.8

 

 

$

6.5

 

Automation & Specialty

 

 

 

 

 

7.6

 

 

 

7.6

 

Expense for the year ending December 31, 2019

 

$

5.7

 

 

$

8.4

 

 

$

14.1