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Exit Activity Costs and Asset Impairments
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS
The Company has incurred exit activity costs and asset impairment charges as a result of its 80/20 simplification and portfolio management initiatives. These initiatives have resulted in the identification of low-volume, low margin, internally-produced products which have been or will be outsourced or discontinued, the simplification of processes, the sale and exiting of less profitable businesses or product lines, and a reduction in the Company's manufacturing footprint.
Exit activity costs (recoveries) were incurred during the nine months ended September 30, 2023 and 2022 which related to moving and closing costs, severance, and contract terminations, along with asset impairment charges (recoveries) related to the write-down of inventory and other charges associated with discontinued product lines, as a result of process simplification initiatives. In conjunction with these initiatives, the Company recorded costs during the nine months ended September 30, 2023 associated with the final closure and sale of a facility closed during the fourth quarter of 2022. During the nine months ended September 30, 2022, the Company exited a facility, relocating to a new one, and separately, closed one other facility as a result of these initiatives.
The following tables set forth the exit activity costs (recoveries) and asset impairment charges (recoveries) incurred by segment during the three and nine months ended September 30, related to the restructuring activities described above (in thousands):
Three Months Ended September 30,
20232022
Exit ActivityAsset ImpairmentTotalExit ActivityAsset ImpairmentTotal
Renewables$4,389 $(59)$4,330 $(44)$— $(44)
Residential22 654 676 — 12 12 
Agtech5 — 5 15 217 232 
Infrastructure— — — — — — 
Corporate(33)— (33)11 — 11 
Total$4,383 $595 $4,978 $(18)$229 $211 
Nine Months Ended September 30,
20232022
Exit ActivityAsset ImpairmentTotalExit ActivityAsset ImpairmentTotal
Renewables$7,298 $(82)$7,216 $1,359 $1,198 $2,557 
Residential136 654 790 1,298 12 1,310 
Agtech722 — 722 103 217 320 
Infrastructure— — — (63)— (63)
Corporate(33)— (33)93 — 93 
Total$8,123 $572 $8,695 $2,790 $1,427 $4,217 
The following table provides a summary of where the exit activity costs and asset impairment charges were recorded in the consolidated statements of income for the three and nine months ended September 30, (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202220232022
Cost of sales$4,544 $(39)$8,155 $2,249 
Selling, general, and administrative expense434 250 540 1,968 
Total exit activity and asset impairment charges $4,978 $211 $8,695 $4,217 
The following table reconciles the beginning and ending liability for exit activity costs relating to the Company’s facility consolidation efforts (in thousands):
20232022
Balance at January 1$2,417 $272 
Exit activity costs recognized8,123 2,790 
Cash payments(3,254)(2,782)
Balance at September 30$7,286 $280