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Restructuring | 9 Months Ended
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Sep. 30, 2017
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring In the third quarter of 2017, the Company recorded restructuring expense of $12.6 million, primarily due to the initiation of actions within its emissions business in the Engine segment designed to improve future profitability and competitiveness. The Company plans to explore strategic options for non-core product lines to improve the overall competitiveness of its remaining European emissions business in the Engine segment. These actions may result in the recognition of impairment or additional restructuring charges that could be material. On September 27, 2017, the Company acquired 100% of the equity interests of Sevcon. In connection with this transaction, the Company recorded restructuring expense of $0.7 million in the third quarter of 2017, primarily related to contractually required severance associated with Sevcon executive officers. Cash payments for these restructuring activities are expected to be completed by Q1 2018. In the fourth quarter of 2013, the Company initiated actions primarily in the Drivetrain segment designed to improve future profitability and competitiveness. As a continuation of these actions, the Company finalized severance agreements with three labor unions at separate facilities in Western Europe for approximately 450 employees. The Company recorded restructuring expense related to these facilities of $8.2 million for the nine months ended September 30, 2016, which included employee termination benefits of $3.0 million for the nine months ended September 30, 2016. Additionally, the Company recorded other restructuring expense of $5.2 million for the nine months ended September 30, 2016. In the second quarter of 2014, the Company initiated actions to improve the future profitability and competitiveness of Gustav Wahler GmbH u. Co. KG and its general partner ("Wahler"). The Company recorded restructuring expense related to Wahler of $9.6 million in the nine months ended September 30, 2016, which included employee termination benefits of $4.1 million. In the fourth quarter of 2015, the Company acquired 100% of the equity interests in Remy. As a result of actions following this transaction, the Company recorded restructuring expense of $1.3 million and $6.1 million in the three and nine months ended September 30, 2016, respectively. Included in this restructuring expense is $3.1 million related to winding down certain operations in North America in the nine months ended September 30, 2016. Additionally, the Company recorded employee termination benefits of $0.3 million and $2.0 million primarily related to contractually required severance associated with Remy executive officers and other employee termination benefits in Mexico in the three and nine months ended September 30, 2016, respectively. Cash payments for these restructuring activities are expected to be complete by the end of 2017. Estimates of restructuring expense are based on information available at the time such charges are recorded. Due to the inherent uncertainty involved in estimating restructuring expenses, actual amounts paid for such activities may differ from amounts initially recorded. Accordingly, the Company may record revisions of previous estimates by adjusting previously established accruals. The following tables display a rollforward of the severance accruals recorded within the Company's Condensed Consolidated Balance Sheet and the related cash flow activity for the three and nine months ended September 30, 2017 and 2016:
|  | Severance Accruals
(in millions) |  | Drivetrain |  | Engine |  | Total
Balance at December 31, 2016 |  | $ | 3.7 |  |  | $ | 2.7 |  |  | $ | 6.4 |
Cash payments |  | (1.6 | ) |  | (2.1 | ) |  | (3.7 | )
Translation adjustment |  | — |  |  | 0.1 |  |  | 0.1 |
Balance at March 31, 2017 |  | $ | 2.1 |  |  | $ | 0.7 |  |  | $ | 2.8 |
Cash payments |  | (0.2 | ) |  | (0.4 | ) |  | (0.6 | )
Translation adjustment |  | 0.1 |  |  | — |  |  | 0.1 |
Balance at June 30, 2017 |  | $ | 2.0 |  |  | $ | 0.3 |  |  | $ | 2.3 |
Provision |  | 0.7 |  |  | 0.7 |  |  | 1.4 |
Cash payments |  | (0.2 | ) |  | — |  |  | (0.2 | )
Translation adjustment |  | 0.1 |  |  | — |  |  | 0.1 |
Balance at September 30, 2017 |  | $ | 2.6 |  |  | $ | 1.0 |  |  | $ | 3.6 |
|  | Severance Accruals
(in millions) |  | Drivetrain |  | Engine |  | Total
Balance at December 31, 2015 |  | $ | 25.3 |  |  | $ | 4.1 |  |  | $ | 29.4 |
Provision |  | 2.3 |  |  | 1.0 |  |  | 3.3 |
Cash payments |  | (17.3 | ) |  | (2.3 | ) |  | (19.6 | )
Translation adjustment |  | 0.7 |  |  | 0.2 |  |  | 0.9 |
Balance at March 31, 2016 |  | $ | 11.0 |  |  | $ | 3.0 |  |  | $ | 14.0 |
Provision |  | 2.4 |  |  | 4.6 |  |  | 7.0 |
Cash payments |  | (5.3 | ) |  | (2.2 | ) |  | (7.5 | )
Translation adjustment |  | (0.2 | ) |  | (0.1 | ) |  | (0.3 | )
Balance at June 30, 2016 |  | $ | 7.9 |  |  | $ | 5.3 |  |  | $ | 13.2 |
Provision |  | 0.3 |  |  | — |  |  | 0.3 |
Cash payments |  | (2.7 | ) |  | (1.3 | ) |  | (4.0 | )
Translation adjustment |  | 0.1 |  |  | 0.1 |  |  | 0.2 |
Balance at September 30, 2016 |  | $ | 5.6 |  |  | $ | 4.1 |  |  | $ | 9.7 |

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- References No definition available. + Details
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- 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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