XML 62 R24.htm IDEA: XBRL DOCUMENT
v3.20.1

Restructuring Activities | 3 Months Ended
--- | ---
Mar. 31, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities During the first quarter of 2020, we implemented certain cost reduction actions across all segments and corporate to appropriately size our workforce with demand as well as eliminate redundant work. Costs were primarily related to headcount reductions. These actions resulted in total restructuring costs of $5.2, consisting of mainly employee severance costs. These restructuring activities were substantially completed by the end of the first quarter 2020. We are closely monitoring our end markets and order rates and will continue to take appropriate and timely actions as necessary. Restructuring charges of $7.4 in the first quarter of 2019 were related to the timing of recognizing costs related to facility consolidations and a streamlining of the commercial activities surrounding our Lifecycle business in E&C Cryogenics and E&C FinFans, geographic realignment of our manufacturing capacity in D&S East, as well as departmental restructuring, including headcount reductions. The following table is a summary of the severance and other restructuring costs, which included employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other, for the three months ended March 31, 2020 and 2019:
| Three Months Ended March 31,
| 2020 |  | 2019
Severance: |  |  |
Cost of sales | $ | 2.3 |  |  | $ | 0.5 |
Selling, general, and administrative expenses | 2.9 |  |  | 1.0 |
Total severance costs | 5.2 |  |  | 1.5 |
Other restructuring: |  |  |
Cost of sales | — |  |  | 5.0 |
Selling, general, and administrative expenses | — |  |  | 0.9 |
Total other restructuring costs | — |  |  | 5.9 |
Total restructuring costs | $ | 5.2 |  |  | $ | 7.4 |
The following tables summarize our restructuring activities for the three months ended March 31, 2020 and 2019:
| Three Months Ended March 31, 2020
| D&S East |  | D&S West |  | E&C Cryogenics |  | E&C FinFans |  | Corporate |  | Consolidated
Balance at December 31, 2019 | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.9 |
Restructuring costs | 1.0 |  |  | 0.8 |  |  | 0.4 |  |  | 2.4 |  |  | 0.6 |  |  | 5.2 |
Cash payments and other | (0.7 | ) |  | (0.1 | ) |  | (0.1 | ) |  | (2.4 | ) |  | — |  |  | (3.3 | )
Balance at March 31, 2020 | $ | 0.7 |  |  | $ | 0.8 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 2.8 |
| Three Months Ended March 31, 2019
| D&S East |  | D&S West |  | E&C Cryogenics |  | E&C FinFans |  | Corporate |  | Consolidated
Balance at December 31, 2018 | $ | 0.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.9 |
Restructuring costs | 2.4 |  |  | 0.3 |  |  | 3.4 |  |  | 1.1 |  |  | 0.2 |  |  | 7.4 |
Property, plant and equipment impairment | (1.9 | ) |  | — |  |  | (3.2 | ) |  | — |  |  | — |  |  | (5.1 | )
Cash payments and other | (0.5 | ) |  | — |  |  | 0.5 |  |  | (1.1 | ) |  | (0.2 | ) |  | (1.3 | )
Balance at March 31, 2019 | $ | 0.8 |  |  | $ | 0.3 |  |  | $ | 0.7 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 1.9 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration