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Restructuring Activities | 9 Months Ended
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Dec. 31, 2019
Restructuring Activities [Abstract] |
Restructuring Activities | Note 6: Restructuring Activities The Company’s restructuring actions during the first nine months of fiscal 2020 consisted primarily of targeted headcount reductions and plant consolidation activities. The headcount reductions support the Company’s objective to reduce operational and selling, general and administrative (“SG&A”) cost structures. Also, in connection with the merger of its North American coils business into the CIS segment, the Company is in the process of transferring product lines in Mexico from a VTS manufacturing facility to a CIS manufacturing facility. In January 2020, the Company approved additional headcount reductions in Europe and North America within the VTS segment and, as a result, expects to record approximately $4.0 million of severance expenses during the fourth quarter of fiscal 2020. Restructuring and repositioning expenses were as follows:
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Employee severance and related benefits |  | $ | 2.2 |  |  | $ | 0.2 |  |  | $ | 5.5 |  |  | $ | 0.3 |
Other restructuring and repositioning expenses |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 1.2 |  |  |  | 0.4 |
Total |  | $ | 2.6 |  |  | $ | 0.5 |  |  | $ | 6.7 |  |  | $ | 0.7 |
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 December 31, |
|  | 2019 |  |  | 2018 |
Beginning balance |  | $ | 7.4 |  |  | $ | 3.4 |
Additions |  |  | 2.2 |  |  |  | 0.2 |
Payments |  |  | (5.0 | ) |  |  | (0.9 | )
Effect of exchange rate changes |  |  | 0.1 |  |  |  | (0.1 | )
Ending balance |  | $ | 4.7 |  |  | $ | 2.6 |
|  | Nine months ended December 31, |
|  | 2019 |  |  | 2018 |
Beginning balance |  | $ | 10.0 |  |  | $ | 11.0 |
Additions |  |  | 5.5 |  |  |  | 0.3 |
Payments |  |  | (10.7 | ) |  |  | (8.1 | )
Effect of exchange rate changes |  |  | (0.1 | ) |  |  | (0.6 | )
Ending balance |  | $ | 4.7 |  |  | $ | 2.6 |
During the third quarter of fiscal 2019, the Company recorded a $0.4 million asset impairment charge within the CIS segment related to a previously-closed manufacturing facility in Austria.

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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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