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Restructuring Activities
 9 Months Ended
Dec. 31, 2020
Restructuring Activities [Abstract]  
Restructuring Activities
Note 7: Restructuring Activities

During fiscal 2021, the Company transferred production from its manufacturing facility in Zhongshan, China to another CIS segment manufacturing facility in China.  As a result of this plant consolidation, the Company recorded $3.1 million of severance expenses during the nine months ended December 31, 2020.  In addition, the Company is in the process of transferring product lines to its CIS manufacturing facility in Mexico.

The Company also implemented targeted headcount reductions in fiscal 2021, the most significant of which were in North America in the HDE and CIS segments.  The headcount reductions were in response to lower market demand and supported the Company’s objective of reducing operational and SG&A cost structures.

The Company’s restructuring actions during the first nine months of fiscal 2020 consisted primarily of targeted headcount reductions and plant consolidation activities.  The fiscal 2020 headcount reductions were primarily in Europe within the Automotive segment and in the Americas within the HDE segment.

Restructuring and repositioning expenses were as follows:

  
Three months ended
December 31,
    
Nine months ended
December 31,
  
   
2020
    
2019
    
2020
    
2019
  
Employee severance and related benefits
  
$
0.5
    
$
2.2
    
$
6.2
    
$
5.5
  
Other restructuring and repositioning expenses
    
0.4
      
0.4
      
0.8
      
1.2
  
Total
  
$
0.9
    
$
2.6
    
$
7.0
    
$
6.7
  

Other restructuring and repositioning expenses primarily consist of equipment transfers and plant consolidation costs.

The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:

  
Three months ended December 31,
  
   
2020
    
2019
  
Beginning balance
  
$
5.8
    
$
7.4
  
Additions
    
0.5
      
2.2
  
Payments
    
(2.5
)
    
(5.0
)
Reclassified as held for sale
    
(0.8
)
    
-
  
Effect of exchange rate changes
    
0.2
      
0.1
  
Ending balance
  
$
3.2
    
$
4.7
  

 
Nine months ended December 31,
  
   
2020
    
2019
  
Beginning balance
  
$
5.0
    
$
10.0
  
Additions
    
6.2
      
5.5
  
Payments
    
(7.7
)
    
(10.7
)
Reclassified as held for sale
    
(0.8
)
    
-
  
Effect of exchange rate changes
    
0.5
      
(0.1
)
Ending balance
  
$
3.2
    
$
4.7
  

In January 2021, the Company eliminated the Vice President, CIS and Chief Operating Officer senior executive position.  As a result, the Company expects to record approximately $1.0 million of severance-related expenses during the fourth quarter of fiscal 2021.