Restructuring Charges

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring Charges

Note 17—Restructuring Charges

The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities.

The Company recognized restructuring charges during 2021, 2020 and 2019 primarily related to the closure of facilities in the Americas and capacity reductions in the workforce of certain facilities across various regions in Asia and Europe, respectively.

The following table summarizes the 2021 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2021:

	Balance as of										Foreign		Balance as of
	December 31,		Restructuring		Cash			Non-Cash			Exchange		December 31,
(in thousands)	2020		Charges		Payment			Activity			Adjustments		2021
Restructuring:
Severance	$	3,996	$	4,130	$	(4,685	)	$	(184	)	$	—	$	3,257
Lease facility costs		50		2,745		(2,618	)		(160	)		—		17
Other exit costs		408		2,470		(2,252	)		(389	)		—		237
Total	$	4,454	$	9,345	$	(9,555	)	$	(733	)	$	—	$	3,511

In addition, during 2021, we incurred $4.4 million in costs related to asset impairments in the Americas.

The following table summarizes the 2020 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2020:

	Balance as of										Foreign		Balance as of
	December 31,		Restructuring		Cash			Non-Cash			Exchange		December 31,
(in thousands)	2019		Charges		Payment			Activity			Adjustments		2020
Restructuring:
Severance	$	3,956	$	7,010	$	(6,666	)	$	(304	)	$	—	$	3,996
Lease facility costs		—		3,716		(2,394	)		(1,272	)		—		50
Other exit costs		—		2,174		(655	)		(1,111	)		—		408
Total	$	3,956	$	12,900	$	(9,715	)	$	(2,687	)	$	—	$	4,454

In addition, during 2020, the Company incurred $5.7 million and $1.0 million in costs related to asset impairments in the Americas and Asia, respectively.

The following table summarizes the 2019 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2019:

	Balance as of										Foreign			Balance as of
	December 31,		Restructuring		Cash			Non-Cash			Exchange			December 31,
(in thousands)	2018		Charges		Payment			Activity			Adjustments			2019
Restructuring:
Severance	$	282	$	6,449	$	(2,775	)	$	—		$	—		$	3,956
Lease facility costs		—		—		—			—			—			—
Other exit costs		1,053		2,058		(2,156	)		(944	)		(11	)		—
Total	$	1,335	$	8,507	$	(4,931	)	$	(944	)	$	(11	)	$	3,956