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Restructuring, Asset Impairment, and Transition Expenses (Tables)
3 Months Ended
Mar. 31, 2020
Restructuring And Related Activities [Abstract]  
Reconciliation of Accrued Restructuring Costs

The following is a reconciliation of the accrued restructuring costs between January 1, 2020 and March 31, 2020.

 

 

 

2017 Altra

Plan

 

 

2019 Altra

Plan

 

 

Total All

Plans

 

Balance at January 1, 2020

 

$

1.5

 

 

$

2.6

 

 

$

4.1

 

Restructuring expense incurred

 

 

0.2

 

 

 

1.4

 

 

 

1.6

 

Cash payments

 

 

(0.4

)

 

 

(1.4

)

 

 

(1.8

)

Balance at March 31, 2020

 

 

1.3

 

 

 

2.6

 

 

 

3.9

 

 

The following is a reconcilation of the accrued restructuring costs between January 1, 2019 and March 31, 2019.

 

 

 

2017 Altra

Plan

 

 

2019 Altra

Plan

 

 

Total All

Plans

 

Balance at January 1, 2019

 

$

2.0

 

 

$

 

 

$

2.0

 

Restructuring expense incurred

 

 

1.0

 

 

 

1.3

 

 

 

2.3

 

Cash payments

 

 

(1.5

)

 

 

(0.5

)

 

 

(2.0

)

Balance at March 31, 2019

 

 

1.5

 

 

 

0.8

 

 

 

2.3

 

 

Reconciliation of Restructuring Expense by Segment

The following is a reconciliation of restructuring expense by segment for the year to date period ended March 31, 2020.

 

 

 

2017 Altra

Plan

 

 

2019 Altra

Plan

 

 

Total All

Plans

 

Power Transmission Technologies

 

$

0.2

 

 

$

0.4

 

 

$

0.6

 

Automation & Specialty

 

 

 

 

 

1.0

 

 

 

1.0

 

Balance at March 31, 2020

 

$

0.2

 

 

$

1.4

 

 

$

1.6