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RESTRUCTURING COSTS

3 Months Ended

Mar. 31, 2021

RESTRUCTURING COSTS

RESTRUCTURING COSTS

NOTE 13.    RESTRUCTURING COSTS

During 2018, we committed to a restructuring plan to optimize our manufacturing footprint and to improve our operating efficiencies and synergies related to our recent acquisitions. For the three months ended March 31, 2021, we incurred severance costs primarily related to the transition and exit of our facility in Shenzhen, PRC and actions associated with synergies related to the Artesyn acquisition. The table below summarizes the restructuring charges:

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​	​	​	​	​	​	​
​	​	Three Months		​	Three Months
​	​	Ended March 31,		​	Ended March 31,
​	​	2021		​	2020
Severance and related charges		$	404		$	152
Facility relocation and closure charges	​	​	634		​	504
Total restructuring charges	​	$	1,038		$	656

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​	​	​	​
​	​	Cumulative Cost
​	​	Through
​	​	March 31,
​	​	2021
Severance and related charges		$	17,317
Facility relocation and closure charges	​	​	6,164
Total restructuring charges	​	$	23,481

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Our restructuring liabilities are included in Other accrued expenses in our Unaudited Consolidated Balance Sheets. Changes in our restructuring liabilities were as follows:

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Cost

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Incurred

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Cost Paid

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Effect of

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Balance at

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and

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or

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Changes in

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Balance at

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December 31,

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Charged to

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Otherwise

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Exchange

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March 31,

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2020

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Expense

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Settled

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Rates

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2021

Total restructuring liabilities

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$

10,641

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$

1,038

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$

(512)

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$

—

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$

11,167

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The accrued restructuring liabilities related primarily to severance and related charges.

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- References

No definition available.

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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

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