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Restructuring Activities | 3 Months Ended
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Jun. 30, 2019
Restructuring Activities [Abstract] |
Restructuring Activities | Note 6: Restructuring Activities The Company’s restructuring actions during the first quarter of fiscal 2020 and 2019 consisted primarily of targeted headcount reductions in Europe and the Americas within the VTS segment and plant consolidation activities. The headcount reductions support the Company’s objective to reduce operational and selling, general and administrative (“SG&A”) cost structures at certain locations. In addition, the Company is in process of transferring product lines associated with the merger of its North American coils business into the CIS segment in order to accelerate operational improvements and organizational efficiencies. Restructuring and repositioning expenses were as follows:
|  | Three months ended June 30, |
|  | 2019 |  |  | 2018 |
Employee severance and related benefits |  | $ | 1.5 |  |  | $ | 0.1 |
Other restructuring and repositioning expenses |  |  | 0.3 |  |  |  | 0.1 |
Total |  | $ | 1.8 |  |  | $ | 0.2 |
Other restructuring and repositioning expenses primarily consist of equipment transfers and plant consolidation costs. The Company accrues severance in accordance with its written plans, procedures, and relevant statutory requirements. Changes in accrued severance were as follows:
|  | Three months ended June 30, |
|  | 2019 |  |  | 2018 |
Beginning balance |  | $ | 10.0 |  |  | $ | 11.0 |
Additions |  |  | 1.5 |  |  |  | 0.1 |
Payments |  |  | (3.7 | ) |  |  | (5.8 | )
Effect of exchange rate changes |  |  | - |  |  |  | (0.5 | )
Ending balance |  | $ | 7.8 |  |  | $ | 4.8 |

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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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