Restructuring Costs (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

The following table presents the restructuring costs recognized by the Company under the 2016 program by reportable segment. The other costs incurred under the 2016 program for the year ended December 31, 2019 primarily include charges related to the closure of a U.K. plant within the engineered components segment. The other costs incurred under the 2016 program for the year ended December 31, 2018 primarily include charges related to the closure of the U.K. plant within the engineered components segment, partially offset by a reduction in expense as a result of the statute of limitations expiring on unasserted employment matter claims in Brazil within the industrial segment. The other costs incurred under the 2016 program for the year ended December 31, 2017 primarily include charges related to the exit costs for the wind down of the industrial segment’s facility in Brazil and the consolidation of two U.S. plants within the industrial segment. The 2016 Program is considered complete and no additional costs are expected to be incurred as part of the program.


2016 Program	Industrial		Engineered Components		Corporate		Total
Restructuring charges - year ended December 31, 2019:
Severance costs	$	(35)	$	31	$	164	$	160
Lease termination costs ⁽¹⁾	—		—		—		—
Other costs	40		1,356		—		1,396
Total	$	5	$	1,387	$	164	$	1,556

Restructuring charges - year ended December 31, 2018:
Severance costs	$	314	$	235	$	—	$	549
Lease termination costs ⁽¹⁾	(4)		—		—		(4)
Other costs	165		167		—		332
Total	$	475	$	402	$	—	$	877

Restructuring charges - year ended December 31, 2017:
Severance costs	$	1,178	$	(17)	$	(9)	$	1,152
Lease termination costs ⁽¹⁾	88		—		—		88
Other costs	1,235		—		—		1,235
Total	$	2,501	$	(17)	$	(9)	$	2,475

The following table presents the cumulative restructuring costs recognized by the Company under the 2016 program by reportable segment. The 2016 program began in the first quarter of 2016 and as such, the cumulative restructuring charges represent the cumulative charges incurred since the inception of the 2016 program through completion in June 2019.


	Industrial		Engineered Components		Corporate		Total
Cumulative restructuring charges - 2016 Program:
Severance costs	$	4,744	$	325	$	752	$	5,821
Lease termination costs ⁽¹⁾	428		—		—		428
Other costs	2,443		1,523		—		3,966
Total	$	7,615	$	1,848	$	752	$	10,215

The following table represents the restructuring liabilities for the 2016 program:


	Severance costs		Lease termination costs ⁽¹⁾		Other costs		Total
Balance - December 31, 2017	$	901	$	76	$	763	$	1,740
Current period restructuring charges	549		(4)		332		877
Cash payments	(954)		(70)		(1,031)		(2,055)
Foreign currency impact	(39)		(2)		(40)		(81)
Balance - December 31, 2018	$	457	$	—	$	24	$	481
Current period restructuring charges	160		—		1,396		1,556
Cash payments	(615)		—		(1,416)		(2,031)
Foreign currency impact	(2)		—		(4)		(6)
Balance - December 31, 2019	$	—	$	—	$	—	$	—

(1) Commencing on January 1, 2019, the Company recognizes lease termination costs in accordance with ASC 842 which addresses termination costs related to both finance and operating lease obligations. Prior to January 1, 2019, the Company recognized such costs in accordance with ASC 420, “Exit and Disposal Cost Obligations” related to operating leases. Prior period results continue to be reported under the accounting standards in effect for those periods.

Other Restructuring And Related Costs


Other Restructuring Actions	Industrial		Engineered Components		Corporate		Total
Restructuring charges - year ended December 31, 2019:
Severance costs	$	1,550	$	31	$	(2)	$	1,579
Other costs	446		373		—		819
Total	$	1,996	$	404	$	(2)	$	2,398

The following table represents the restructuring liabilities for other restructuring actions:


	Severance costs		Other costs		Total
Balance - December 31, 2018	$	—	$	—	$	—
Current period restructuring charges	1,579		819		2,398
Cash payments	(858)		(775)		(1,633)
Foreign currency translation adjustments	(4)		—		(4)
Balance - December 31, 2019	$	717	$	44	$	761