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Restructuring Activities | 9 Months Ended
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Dec. 31, 2020
Restructuring Activities [Abstract] |
Restructuring Activities | Note 7: Restructuring Activities During fiscal 2021, the Company transferred production from its manufacturing facility in Zhongshan, China to another CIS segment manufacturing facility in China. As a result of this plant consolidation, the Company recorded $3.1 million of severance expenses during the nine months ended December 31, 2020. In addition, the Company is in the process of transferring product lines to its CIS manufacturing facility in Mexico. The Company also implemented targeted headcount reductions in fiscal 2021, the most significant of which were in North America in the HDE and CIS segments. The headcount reductions were in response to lower market demand and supported the Company’s objective of reducing operational and SG&A cost structures. The Company’s restructuring actions during the first nine months of fiscal 2020 consisted primarily of targeted headcount reductions and plant consolidation activities. The fiscal 2020 headcount reductions were primarily in Europe within the Automotive segment and in the Americas within the HDE segment. Restructuring and repositioning expenses were as follows:
|  | Three months ended December 31, |  |  | Nine months ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Employee severance and related benefits |  | $ | 0.5 |  |  | $ | 2.2 |  |  | $ | 6.2 |  |  | $ | 5.5 |
Other restructuring and repositioning expenses |  |  | 0.4 |  |  |  | 0.4 |  |  |  | 0.8 |  |  |  | 1.2 |
Total |  | $ | 0.9 |  |  | $ | 2.6 |  |  | $ | 7.0 |  |  | $ | 6.7 |
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, |
|  | 2020 |  |  | 2019 |
Beginning balance |  | $ | 5.8 |  |  | $ | 7.4 |
Additions |  |  | 0.5 |  |  |  | 2.2 |
Payments |  |  | (2.5 | ) |  |  | (5.0 | )
Reclassified as held for sale |  |  | (0.8 | ) |  |  | - |
Effect of exchange rate changes |  |  | 0.2 |  |  |  | 0.1 |
Ending balance |  | $ | 3.2 |  |  | $ | 4.7 |
|  | Nine months ended December 31, |
|  | 2020 |  |  | 2019 |
Beginning balance |  | $ | 5.0 |  |  | $ | 10.0 |
Additions |  |  | 6.2 |  |  |  | 5.5 |
Payments |  |  | (7.7 | ) |  |  | (10.7 | )
Reclassified as held for sale |  |  | (0.8 | ) |  |  | - |
Effect of exchange rate changes |  |  | 0.5 |  |  |  | (0.1 | )
Ending balance |  | $ | 3.2 |  |  | $ | 4.7 |
In January 2021, the Company eliminated the Vice President, CIS and Chief Operating Officer senior executive position. As a result, the Company expects to record approximately $1.0 million of severance-related expenses during the fourth quarter of fiscal 2021.

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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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