Plant Closure and Consolidation

6 Months Ended

Jun. 30, 2021

Restructuring and Related Activities [Abstract]

Plant Closure and Consolidation

Plant Closure and Consolidation

In the three and six months ended June 30, 2021, the Company recorded expenses in cost of sales in the Condensed Consolidated Statements of Operations totaling $0.8 million and $1.3 million, respectively, 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. For the three months ended June 30, 2021, the expenses are comprised of severance costs of $0.1 million and other facility-related costs of $0.7 million. For the six months ended June 30, 2021, the expenses are comprised of severance costs of $0.3 million and other facility-related costs of $1.0 million. The Company expects to incur additional moving and other facility-related costs related to these initiatives of approximately $1.4 million in the remainder of 2021.

In the three and six months ended June 30, 2021, the Company also recorded expenses related to plant closure and consolidation in its Engineered Products segment totaling $0.6 million and $1.3 million, respectively, which are included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. The Company expects to incur additional costs related to these initiatives of approximately $0.3 million in the remainder of 2021.