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Restructuring and Asset Impairment
 9 Months Ended
Sep. 27, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Asset Impairment Restructuring and Asset Impairment
Due to its geographic footprint and the cost-competitive nature of its businesses, the Company is continually seeking the most cost-effective means and structure to serve its customers and to respond to fundamental changes in its markets. As such, restructuring costs have been, and are expected to be, a recurring component of the Company's operating costs. The amount of these costs can vary significantly from quarter to quarter and from year to year depending upon the scope and location of the restructuring activities.
The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred:
Three Months EndedNine Months Ended
September 27, 2020September 29, 2019September 27, 2020September 29, 2019
Severance and Termination Benefits$4,607 $4,922 $29,866 $16,421 
Asset Impairment / Disposal of Assets16,605 (948)25,364 6,336 
Other Costs2,937 2,641 4,403 7,885 
Total Restructuring/Asset Impairment Charges$24,149 $6,615 $59,633 $30,642 

The table below sets forth restructuring and restructuring-related asset impairment charges by reportable segment:
Three Months EndedNine Months Ended
September 27, 2020September 29, 2019September 27, 2020September 29, 2019
Consumer Packaging$16,662 $6,363 $22,274 $24,105 
Display and Packaging1,391 106 4,939 992 
Paper and Industrial Converted Products6,990 1,066 30,035 3,540 
Protective Solutions(793)(930)375 73 
Corporate(101)10 2,010 1,932 
Total Restructuring/Asset Impairment Charges$24,149 $6,615 $59,633 $30,642 

Restructuring and asset impairment charges are included in “Restructuring/Asset impairment charges” in the Company's Condensed Consolidated Statements of Income.
The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets:
Severance
and
Termination
Benefits		Asset
Impairment/
Disposal
of Assets		Other
Costs		Total
Accrual Activity
Liability at December 31, 2019
$10,765 $— $592 $11,357 
2020 charges29,866 25,364 4,403 59,633 
Cash receipts/(payments)(25,749)3,527 (4,817)(27,039)
Asset write downs/disposals— (28,891)1,143 (27,748)
Foreign currency translation127 1 128 
Liability at September 27, 2020
$15,009 $— $1,322 $16,331 

"Severance and Termination Benefits" during the first nine months of 2020 includes the cost of severance provided to employees terminated as a result of the closures of a paper mill in Canada, a paper machine in the United States, a cone operation in Europe and three tube and core plants in the United States (all part of the Paper and Industrial Converted Products segment); closure of a paperboard specialties plant in the United States (part of the Display and Packaging segment); and closure of two graphic design operations, one in the United States and one in the United Kingdom (both part of the Consumer Packaging segment). In addition, the charges include the cost of severance for approximately 250 employees whose positions were eliminated in conjunction with the Company's ongoing organizational effectiveness efforts.
"Asset Impairment/Disposal of Assets" consists primarily of impairment charges of $14,892 resulting from the announced consolidation in the Company's perimeter-of-the-store business of operations on the West Coast of the United States and in Mexico. This consolidation will result in the closure of a manufacturing facility in the United States and the conversion of a manufacturing facility in Mexico into a warehouse and distribution center. Both of these operations are part of the Consumer Packaging segment. Further asset impairment charges totaling $7,927 resulted from the closure of a paper mill in Canada and $2,481 from the closure of a paper machine the United States. Additionally, the Company received net cash proceeds of $3,527 primarily from the sales of two buildings associated with previously closed facilities. These buildings had a remaining net book value of $2,451 at the time of the sale.
“Other Costs” consist primarily of costs related to plant closures including equipment removal, utilities, plant security, property taxes and insurance, net of incentive forfeitures.
The Company expects to pay the majority of the remaining restructuring reserves by the end of 2021 using cash generated from operations. The Company also expects to recognize future additional charges totaling approximately $6,000 in connection with previously announced restructuring actions and believes that the majority of these charges will be incurred by the end of 2020 and paid by the end of 2021. The Company continually evaluates its cost structure, including its manufacturing capacity, and additional restructuring actions are likely to be undertaken.