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Restructuring Costs (Notes)
 12 Months Ended
Dec. 31, 2020
Restructuring Costs [Abstract]  
Restructuring Costs RESTRUCTURING COSTS
General & Administration Expense Reduction Initiative

Following the sale of the Company's former Distribution business, the Company announced it would undertake a comprehensive review of its general and administrative functions in order to improve operational efficiency and to align the Company's costs with its revenues. The objective of the initiative is to ensure that the Company has a lean organizational structure that provides a scalable infrastructure that facilitates future growth opportunities. The Company has identified information technology functions to be outsourced, workforce reductions and other reductions in certain general and administrative expenses to be completed in 2020 to support the cost savings initiative discussed above. In accordance with ASC 712-10, Compensation - Nonretirement Postemployment Benefits, the Company recorded $4.0 million and $0.9 million in severance costs associated with these workforce reductions in the years ended December 31, 2020 and December 31, 2019, respectively, which were included in restructuring costs on the Company's Consolidated Statements of Operations. The Company does not anticipate additional severance costs associated with these actions. The accrual balance associated with these severance costs were included in other current liabilities on the Company's Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019.

Workforce Reductions in Response to COVID-19

During 2020, the Company implemented workforce reductions, including temporary furloughs, and elected to eliminate certain open positions as a response to the unprecedented hardships brought on by COVID-19. For the year ended December 31, 2020, the Company recorded severance costs of $3.5 million related to workforce reductions, which were included in restructuring costs on the Company's Consolidated Statements of Operations.

Composites Businesses Restructuring

During the third quarter of 2017, the Company initiated restructuring activities at certain businesses to support the ongoing effort of improving capacity utilization and operating efficiency to better position the Company for increased profitability and growth. Such actions include workforce reductions and the consolidation of operations, beginning in the third quarter of 2017, with the majority completed by the end of 2019. The Company has begun realizing total cost savings in excess of $8.0 million annually as a result of these restructuring activities.
5. RESTRUCTURING COSTS (CONTINUED)

Composites Businesses Restructuring - continued

Since the announcement of these restructuring activities, restructuring expense related to these activities as of December 31, 2020 was $9.6 million. At December 31, 2019, the Company had an accrual balance of $0.4 million included in other current liabilities related to costs associated with the consolidation of facilities. In the year ended December 31, 2020, the Company recorded additional restructuring expense associated with the consolidation of facilities, totaling $0.3 million, which was included in restructuring costs on the Company's Consolidated Statements of Operations. In the year ended December 31, 2020, the Company made payments of $0.7 million associated with the accrual; therefore, there was no remaining accrual at December 31, 2020.

For the year ended December 31, 2019, restructuring expense, totaling $0.6 million, was included in restructuring costs on the Company's Consolidated Statements of Operations. Included in this expense was approximately $0.3 million of cost that primarily related to the write-off of inventory for various small order programs that the Company no longer continued to manufacture as a result of the consolidation of operations and $0.1 million in depreciation expense associated with an enterprise resource planning ("ERP") system that will no longer be utilized as a result of the restructuring activities.

For the year ended December 31, 2018, restructuring expense, totaling $6.0 million, was included in restructuring costs on the Company's Consolidated Statements of Operations. Included in this expense was approximately $0.8 million of cost that primarily related to the write-off of inventory for various small order programs that the Company no longer continued to manufacture as a result of the consolidation of operations and $0.4 million associated with the acceleration of stock compensation for management impacted by the restructuring activities.

As part of the restructuring activities discussed above, the Company sold its UK Tooling business and substantially all of the assets and liabilities of its Engineering Services business in the fourth quarter of 2018. These divestitures did not qualify for the reporting of discontinued operations within the consolidated financial statements. In the year ended December 31, 2018, the Company incurred a loss of $5.7 million associated with the sale of the UK Tooling business, which was included in loss on the sale of business on the Company's Consolidated Statements of Operations. Of the $5.7 million loss on the sale of the UK Tooling business, $1.7 million related to the foreign currency translation reclassified from accumulated other comprehensive income (loss) to net income. In the year ended December 31, 2019, the Company incurred an additional loss of $3.7 million associated with the write-off of note receivables recorded in 2018 for the remaining amounts to be collected on the sale of the UK Tooling business as this balance was deemed not likely to be collected. In the year ended December 31, 2020, the Company collected $0.5 million of the note receivables written off in 2019. These charges were included in (gain) loss on the sale of business on the Company's Consolidated Statements of Operations.

In the year ended December 31, 2018, the Company incurred a loss of $0.7 million associated with the sale of substantially all of the assets and liabilities of its Engineering Services business, which was included in net (gain) loss on the sale of assets on the Company's Consolidated Statements of Operations.

Other Matters

In the year ended December 31, 2020, the Company incurred $0.5 million in severance costs as it integrated the acquisition of Bal Seal in the year ended December 31, 2020.

For the year ended December 31, 2018, the Company incurred $1.4 million in costs associated with the termination of certain distributor agreements and separation costs for certain employees not covered by restructuring activities noted above.