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Restructuring Activities | 6 Months Ended
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Jun. 30, 2022
Restructuring and Related Activities [Abstract] |
Restructuring Activities | Restructuring Activities Restructuring costs of $0.2 and $0.3 for the three and six months ended June 30, 2022 were primarily related to moving and employee severance costs relative to restructuring at our Beasley, Texas, Houston, Texas and Tulsa, Oklahoma facilities. Restructuring costs of $0.3 and $1.0 for the three and six months ended June 30, 2021, respectively, were primarily related to employee severance costs relative to our move from our Tulsa, Oklahoma facility to our Beasley, Texas location. This project was a cost reduction measure within our Heat Transfer Systems segment to continue to structure the business for profitable growth and capacity efficiency. We are closely monitoring our end markets and order rates and will 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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Severance: |  |  |  |  |  |  |
Cost of sales | $ | 0.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |
Selling, general, and administrative expenses | — |  |  | — |  |  | (0.1) |  |  | 0.3 |
Total severance costs | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.3 |
Other restructuring: |  |  |  |  |  |  |
Cost of sales | — |  |  | 0.3 |  |  | 0.1 |  |  | 0.7 |
Selling, general, and administrative expenses | 0.1 |  |  | — |  |  | 0.1 |  |  |
Total other restructuring costs | 0.1 |  |  | 0.3 |  |  | 0.2 |  |  | 0.7 |
Total restructuring costs | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 1.0 |
The following tables summarize our restructuring activities:
| Three Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Consolidated
Balance at March 31, 2022 | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 1.5 |
Restructuring charges | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.2 |
Cash payments and other | (0.2) |  |  | — |  |  | (0.1) |  |  | — |  |  | — |  |  | (0.3) |
Balance at June 30, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 1.4 |
| Three Months Ended June 30, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Consolidated
Balance at March 31, 2021 | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.5 |
Restructuring charges | — |  |  | 0.3 |  |  | — |  |  | — |  |  | — |  |  | 0.3 |
Cash payments and other | (0.2) |  |  | (0.4) |  |  | — |  |  | — |  |  | — |  |  | (0.6) |
Balance at June 30, 2021 | $ | 0.3 |  |  | $ | (0.1) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |
| Six Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Corporate |  | Consolidated
Balance at December 31, 2021 | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 2.3 |
Restructuring charges | 0.1 |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.3 |
Cash payments and other | (0.5) |  |  | (0.6) |  |  | (0.1) |  |  | — |  |  | — |  |  | (1.2) |
Balance at June 30, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 1.4 |
| Six Months Ended June 30, 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 |  |  | 0.7 |  |  | — |  |  | — |  |  | — |  |  | 1.0 |
Cash payments and other | (0.5) |  |  | (1.0) |  |  | — |  |  | — |  |  | (0.1) |  |  | (1.6) |
Balance at June 30, 2021 | $ | 0.3 |  |  | $ | (0.1) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2 |

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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 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
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