Restructuring Activities

6 Months Ended

Sep. 30, 2021

Restructuring Activities [Abstract]

Restructuring Activities

Note 7: Restructuring Activities

During the first six months of fiscal 2022, restructuring and repositioning expenses primarily consisted of equipment transfer costs within the HDE segment and severance-related costs associated with targeted headcount reductions in the Automotive and CIS segments.

During the first six months of fiscal 2021, the Company recorded $3.0 million of severance expenses related to plant consolidation activities in China within the CIS segment.  The Company also implemented targeted headcount reductions in the HDE and CIS segments.

Restructuring and repositioning expenses were as follows:

	Three months ended September 30,				Six months ended September 30,
	2021		2020		2021		2020
Employee severance and related benefits	$	0.2	$	1.3	$	0.3	$	5.7
Other restructuring and repositioning expenses		0.4		0.2		0.6		0.4
Total	$	0.6	$	1.5	$	0.9	$	6.1

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 September 30,
	2021			2020
Beginning balance	$	2.9		$	6.9
Additions		0.2			1.3
Payments		(0.1	)		(2.6	)
Effect of exchange rate changes		(0.2	)		0.2
Ending balance	$	2.8		$	5.8

	Six months ended September 30,
	2021			2020
Beginning balance	$	4.0		$	5.0
Additions		0.3			5.7
Payments		(1.4	)		(5.2	)
Effect of exchange rate changes		(0.1	)		0.3
Ending balance	$	2.8		$	5.8