Restructuring Activities

3 Months Ended

Jun. 30, 2021

Restructuring Activities [Abstract]

Restructuring Activities

Note 7: Restructuring Activities

During the first quarter of fiscal 2022, restructuring and repositioning expenses primarily consisted of equipment transfer costs within the HDE segment and severance-related costs in the Automotive segment.

During the first quarter of fiscal 2021, the Company recorded $1.7 million of severance expenses related to plant consolidation activities in China within the CIS segment. The Company also implemented targeted headcount reductions, the most significant of which were in North America in the HDE and CIS segments.

Restructuring and repositioning expenses were as follows:

	Three months ended June 30,
	2021		2020
Employee severance and related benefits	$	0.1	$	4.4
Other restructuring and repositioning expenses		0.2		0.2
Total	$	0.3	$	4.6

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 June 30,
	2021			2020
Beginning balance	$	4.0		$	5.0
Additions		0.1			4.4
Payments		(1.3	)		(2.6	)
Effect of exchange rate changes		0.1			0.1
Ending balance	$	2.9		$	6.9