Plant Closure and Consolidation

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

Plant Closure and Consolidation

Plant Closure and ConsolidationIn the first three months of 2021, the Company recorded expenses totaling $0.6 million in its Assembly Components segment in connection with actions taken to close and consolidate its extrusion operations in Tennessee and its fuel operations

in Michigan, and to complete other cost reduction actions in this segment. The expenses, which are included in cost of sales in the Condensed Consolidated Statements of Operations, are comprised of severance costs of $0.2 million and other facility-related costs of $0.4 million. The Company expects to incur additional costs related to these initiatives of approximately $2.6 million in the remainder of 2021.

The Company recorded expenses related to plant closure and consolidation in its Engineered Products segment totaling $0.7 million, which are included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations, in the three months ended March 31, 2021. The Company expects to incur additional costs related to these initiatives of approximately $1.0 million in the remainder of 2021.