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Restructuring Activities | 3 Months Ended
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Mar. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities Restructuring costs of $0.7 for the first three months of 2021 were primarily related to headcount reductions and facility relocation and moving expenses. As previously reported, on July 17, 2020, we announced internally our intention to transfer operations of our heat exchanger leased facility in Tulsa, Oklahoma to our Beasley, Texas location at which we own 260 acres of land. This closure is a cost reduction measure within our Heat Transfer Systems segment to continue to structure the business for profitable growth and capacity efficiency. Total costs related to this closure are expected to be approximately $9.0, of which $2.7 was spent in 2020 and $0.4 has been spent year to date, associated with severance, relocation and moving expenses. We expect this project to be completed by June 30, 2021. We are closely monitoring our end markets and order rates and will continue to take appropriate and timely actions as necessary. Restructuring costs of $5.2 for the three months ended March 31, 2020 were related to 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. The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other:
| Three Months Ended March 31,
| 2021 |  | 2020
Severance: |  |  |
Cost of sales | $ | — |  |  | $ | 2.3 |
Selling, general, and administrative expenses | 0.3 |  |  | 2.9 |
Total severance costs | 0.3 |  |  | 5.2 |
Other restructuring: |  |  |
Cost of sales | 0.4 |  |  | — |
Total other restructuring costs | 0.4 |  |  | — |
Total restructuring costs | $ | 0.7 |  |  | $ | 5.2 |
The following tables summarize our restructuring activities:
| Three Months Ended March 31, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Consolidated
Balance at December 31, 2020 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.8 |
Restructuring charges | 0.3 |  |  | 0.4 |  |  | — |  |  | — |  |  | — |  |  | 0.7 |
Cash payments and other | (0.3) |  |  | (0.6) |  |  | — |  |  | — |  |  | (0.1) |  |  | (1.0) |
Balance at March 31, 2021 | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.5 |
| Three Months Ended March 31, 2020
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Consolidated
Balance at December 30, 2019 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.9 |
Restructuring charges | 1.8 |  |  | 2.8 |  |  | — |  |  | — |  |  | 0.6 |  |  | 5.2 |
Cash payments and other | (0.8) |  |  | (2.5) |  |  | — |  |  | — |  |  | — |  |  | (3.3) |
Balance at March 31, 2020 | $ | 1.5 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 2.8 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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