XML 35 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Restructuring and Other
9 Months Ended
Sep. 30, 2021
Expense Of Restructuring Activities And Other [Abstract]  
Restructuring and Other

18)

Restructuring and Other

Restructuring

The Company recorded restructuring charges of $1.0 and $5.9 during the three and nine months ended September 30, 2021, respectively, primarily related to severance costs due to a global cost saving initiative, costs related to the pending closure of two facilities in Europe and movement of certain products to low cost regions.

The Company recorded restructuring charges of $0.4 and $2.0 during the three and nine months ended September 30, 2020, respectively, primarily related to the closure of a facility in Europe and costs related to the exit of certain product groups.

 

Restructuring activities were as follows:

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

Beginning of period

 

$

0.3

 

 

$

3.7

 

Charged to expense

 

 

5.9

 

 

 

2.0

 

Payments and adjustments

 

 

(5.8

)

 

 

(4.4

)

End of period

 

$

0.4

 

 

$

1.3

 

 

Other

The Company recorded charges of $1.0 and $4.0 during the three and nine months ended September 30, 2021, respectively, related primarily to duplicate facility costs. The Company recorded charges of $2.7 and $5.4 during the three and nine months ended September 30, 2020, respectively, related to duplicate facility costs.

The Company received an insurance reimbursement of $0.5 during the nine months ended September 30, 2020 for costs recorded on a legal settlement from a contractual obligation assumed as part of the Newport Merger.