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Restructuring Expenses | 9 Months Ended
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Sep. 30, 2020
Restructuring and Related Activities [Abstract] |
Restructuring Expenses | RESTRUCTURING EXPENSES From 2014 through 2020, the Company announced and initiated several actions to rationalize employee headcount at various manufacturing facilities and various administrative offices located in Europe, South America, Africa, China and the United States in order to reduce costs in response to softening global market demand and lower production volumes. The aggregate headcount reduction was approximately 4,160 employees between 2014 and 2019. In addition, during 2019, the Company initiated various restructuring activities in an effort to rationalize its grain storage and protein production system operations. During the nine months ended September 30, 2020, the Company recorded severance and related costs associated with further rationalizations in connection with the termination of approximately 320 employees. Restructuring expenses activity during the three and nine months ended September 30, 2020 is summarized as follows (in millions):
| Write-down of Property, Plant and Equipment |  | Employee Severance |  | Facility Closure Costs |  | Total |  |  |  |  |  |
Balance as of December 31, 2019 | $ | — |  |  | $ | 4.8 |  |  | $ | — |  |  | $ | 4.8 |  |  |  |  |  |  |
First quarter 2020 provision | — |  |  | 0.7 |  |  | 0.2 |  |  | 0.9 |  |  |  |  |  |  |
First quarter 2020 provision reversal | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  |  |  |  |  |
First quarter 2020 cash activity | — |  |  | (1.7) |  |  | (0.2) |  |  | (1.9) |  |  |  |  |  |  |
Foreign currency translation | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  |  |  |  |  |
Balance as of March 31, 2020 | $ | — |  |  | $ | 3.6 |  |  | $ | — |  |  | $ | 3.6 |  |  |  |  |  |  |
Second quarter 2020 provision | 1.6 |  |  | 2.2 |  |  | — |  |  | 3.8 |  |  |  |  |  |  |
Less: Non-cash expense | (1.6) |  |  | — |  |  | — |  |  | (1.6) |  |  |  |  |  |  |
Cash expense | — |  |  | 2.2 |  |  | — |  |  | 2.2 |  |  |  |  |  |  |
Second quarter 2020 cash activity | — |  |  | (0.8) |  |  | — |  |  | (0.8) |  |  |  |  |  |  |
Foreign currency translation | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  |  |  |  |  |
Balance as of June 30, 2020 | $ | — |  |  | $ | 4.9 |  |  | $ | — |  |  | $ | 4.9 |  |  |  |  |  |  |
Third quarter 2020 provision | — |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  |  |  |  |  |
Third quarter 2020 cash activity | — |  |  | (1.1) |  |  | — |  |  | (1.1) |  |  |  |  |  |  |
Third quarter 2020 provision reversal | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  |  |  |  |  |
Balance as of September 30, 2020 | $ | — |  |  | $ | 4.6 |  |  | $ | — |  |  | $ | 4.6 |  |  |  |  |  |  |

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- References No definition available. + Details
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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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