XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Exit and Disposal and Other Restructuring Activities | 9 Months Ended
--- | ---
Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
Exit and Disposal and Other Restructuring Activities | Exit and Disposal and Other Restructuring Activities The Company has undertaken operational restructuring and other cost reduction actions to streamline processes and manage costs throughout various departments. These actions resulted in exit, disposal and employee termination benefit costs, primarily resulting from planned reductions in workforce, facility consolidation and relocation, and lease termination costs. The primary actions are discussed below by operating segment. CIT During the third quarter of 2021, the Company initiated plans to exit its manufacturing operations in Carlsbad, California, and relocate the majority of those operations to its existing facilities in North America. The project is estimated to take a remaining three to six months to complete. During the three and nine months ended September 30, 2022, exit and disposal costs totaled $0.8 million and $2.0 million, respectively, primarily for employee termination benefit costs and accelerated depreciation. Total exit and disposal costs are expected to approximate $5.2 million, with approximately $1.7 million costs remaining to be incurred, primarily in 2022. Consolidated Summary The Company's exit and disposal costs by activity follows:
(in millions) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Accelerated depreciation and impairments |  | $ | 0.3 |  |  | $ | 0.8 |  |  | $ | 1.6 |  |  | $ | 2.9 |
Employee severance and benefit arrangements |  | 0.3 |  |  | 1.2 |  |  | 1.6 |  |  | 6.3 |
Facility cleanup costs |  | — |  |  | 0.5 |  |  | 0.2 |  |  | (0.5) |
Lease termination costs |  | — |  |  | — |  |  | 0.1 |  |  | — |
Relocation costs |  | 0.4 |  |  | 0.4 |  |  | 0.4 |  |  | 0.7 |
Other restructuring costs |  | 0.5 |  |  | 0.7 |  |  | 0.9 |  |  | 2.2 |
Total exit and disposal costs |  | $ | 1.5 |  |  | $ | 3.6 |  |  | $ | 4.8 |  |  | $ | 11.6 |
The Company's exit and disposal costs by segment follows:
(in millions) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Carlisle Interconnect Technologies |  | $ | 1.5 |  |  | $ | 3.0 |  |  | $ | 4.5 |  |  | $ | 10.9 |
Carlisle Weatherproofing Technologies |  | — |  |  | — |  |  | 0.3 |  |  | — |
Carlisle Fluid Technologies |  | — |  |  | 0.5 |  |  | — |  |  | 0.6 |
Carlisle Construction Materials |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Total exit and disposal costs |  | $ | 1.5 |  |  | $ | 3.6 |  |  | $ | 4.8 |  |  | $ | 11.6 |
The Company's exit and disposal costs by financial statement line item follows:
(in millions) |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Cost of goods sold |  | $ | 1.5 |  |  | $ | 2.7 |  |  | $ | 4.4 |  |  | $ | 7.1 |
Selling and administrative expenses |  | — |  |  | 0.9 |  |  | 0.4 |  |  | 4.3 |
Research and development expenses |  | — |  |  | — |  |  | — |  |  | 0.2 |
Total exit and disposal costs |  | $ | 1.5 |  |  | $ | 3.6 |  |  | $ | 4.8 |  |  | $ | 11.6 |
The Company's change in exit and disposal activities liability follows:
(in millions) |  |  |  |  |  |  |  |  |  | Total
Balance as of December 31, 2021 |  |  |  |  |  |  |  |  |  | $ | 6.5 |
Charges |  |  |  |  |  |  |  |  |  | 4.8 |
Settlements |  |  |  |  |  |  |  |  |  | (9.9) |
Balance as of September 30, 2022 |  |  |  |  |  |  |  |  |  | $ | 1.4 |
The liability of $1.4 million primarily relates to employee severance and benefit arrangements and is included in accrued and other current liabilities.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration