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RESTRUCTURING COSTS

6 Months Ended

Jun. 30, 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 periods presented, 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 Ended June 30,

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Six Months Ended June 30,

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2021

​

2020

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2021

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2020

Severance and related charges

$

190

$

4,853

$

594

$

5,005

Facility relocation and closure charges

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21

​

937

​

655

​

1,441

Total restructuring charges

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$

211

$

5,790

$

1,249

$

6,446

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​	​	​	​
​	​	Cumulative Cost
​	​	Through
​	​	June 30,
​	​	2021
Severance and related charges		$	17,507
Facility relocation and closure charges	​	​	6,185
Total restructuring charges	​	$	23,692

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Our restructuring liabilities are included in other accrued expenses in our Unaudited Consolidated Balance Sheets and related primarily to severance and related charges. Changes in restructuring liabilities were as follows:

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​	​	​	​
​	​	Six Months Ended
​		June 30, 2021
Balance at beginning of period		$	10,641
Costs incurred and charged to expense	​	​	1,249
Costs paid or otherwise settled	​	​	(2,503)
Effects of changes in exchange rate	​	​	(1)
Balance at end of period	​	$	9,386

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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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