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Restructuring Activities | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities Restructuring costs of $3.5 for the year ended December 31, 2021, was primarily related to moving and employee severance costs. During the third quarter of 2021, we announced our intention to transfer our Houston, Texas repair and service operations to our Beasley, Texas location. While we are currently in the process of reevaluating certain aspects of the scope, timing and cost of this project, including our intention to consolidate our Houston, Texas repair and service operations into our Beasley, Texas location, we expect this project to continue in order to streamline local operations. During 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 $13.6 for the year ended December 31, 2020, consisting of mainly employee severance costs of $10.1. We also transferred operations of our heat exchanger leased facility in Tulsa, Oklahoma to our Beasley, Texas location at which we own 260 acres of land acres and repurposed our Tulsa, Oklahoma facility as a flexible manufacturing, engineering and research and development site serving multiple applications across our operating segments. We incurred costs of $2.7 in 2020 related to this project, which is included in total restructuring costs for the year ended December 31, 2020. During 2019, we implemented certain cost reduction or avoidance actions, including facility consolidations at certain of our U.S. properties, and a streamlining of the commercial activities surrounding our Lifecycle business in our Repair, Service & Leasing segment, geographic realignment of our manufacturing capacity and a facility closure in Asia, as well as departmental restructuring, including headcount reductions in each of our four segments. These actions resulted in total restructuring costs of $15.6, consisting of employee severance costs, disposals of property, plant and equipment and other costs. Restructuring costs for 2019 reflect a $1.6 credit to Repair, Service & Leasing segment restructuring costs recorded in the second quarter of 2019 due to the successful negotiation of a lease termination for a facility for our previous Lifecycle business. These restructuring activities were substantially completed by the end of 2019. We closely monitor our end markets and order rates and continue to take appropriate and timely actions as necessary. The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other, for the years ended December 31, 2021, 2020 and 2019:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Severance: |  |  |  |  |  |
Cost of sales |  | $ | 0.4 |  |  | $ | 4.6 |  |  | $ | 2.9 |
Selling, general, and administrative expenses |  | 0.8 |  |  | 5.5 |  |  | 1.4 |
Total severance costs |  | 1.2 |  |  | 10.1 |  |  | 4.3 |
Other restructuring: |  |  |  |  |  |
Cost of sales |  | 2.2 |  |  | 1.1 |  |  | 9.3 |
Selling, general, and administrative expenses |  | 0.1 |  |  | 2.4 |  |  | 2.0 |
Total other restructuring costs |  | 2.3 |  |  | 3.5 |  |  | 11.3 |
Total restructuring costs |  | $ | 3.5 |  |  | $ | 13.6 |  |  | $ | 15.6 |
The following tables summarize our restructuring accrual activities:
| Year Ended December 31, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Total
Balance as of December 31, 2020 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.8 |
Restructuring charges | 0.3 |  |  | 1.7 |  |  | — |  |  | 1.5 |  |  | — |  |  | 3.5 |
Cash payments and other | (0.4) |  |  | (1.4) |  |  | — |  |  | (0.1) |  |  | (0.1) |  |  | (2.0) |
Balance as of December 31, 2021 | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 2.3 |
| Year Ended December 31, 2020
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Total
Balance as of December 31, 2019 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.9 |
Restructuring charges | 2.7 |  |  | 7.4 |  |  | 0.7 |  |  | 0.2 |  |  | 2.6 |  |  | 13.6 |
Cash payments and other | (2.7) |  |  | (7.4) |  |  | (0.7) |  |  | (0.2) |  |  | (2.7) |  |  | (13.7) |
Balance as of December 31, 2020 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.8 |
| Year Ended December 31, 2019
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Total
Balance as of December 31, 2018 | $ | 0.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.8 |
Restructuring charges | 9.1 |  |  | 4.5 |  |  | 0.3 |  |  | 1.5 |  |  | 0.2 |  |  | 15.6 |
Property, plant and equipment impairment | (3.9) |  |  | (1.7) |  |  | — |  |  | — |  |  | — |  |  | (5.6) |
Cash payments and other | (5.4) |  |  | (2.6) |  |  | (0.3) |  |  | (1.5) |  |  | (0.1) |  |  | (9.9) |
Balance as of December 31, 2019 | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.9 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://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 http://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 http://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 http://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 http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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