In the three months ended September 30, 2023, we committed to a plan to reorganize our business (the “Q3 2023 Plan”). The Q3 2023 Plan, consisting of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives, was

commenced to adjust our cost structure and business activities to better align with weaker market demand and continued economic uncertainty in many of our end-markets and to take active measures to accelerate our margin recovery.

The reductions-in-force, which are subject to the laws and regulations of the countries in which the actions are planned, are expected to impact 510 positions. Over the life of the Q3 2023 Plan, we expect to incur restructuring charges of between $20.5 million and $25.5 million, primarily related to reductions-in-force. The majority of the actions under the Q3 2023 Plan are expected to be completed on or before June 30, 2024. We expect to settle these charges with cash on hand.

We expect these restructuring charges to impact our business segments and corporate functions as follows:


		Charges
(Dollars in thousands)	Positions	Minimum	Maximum
Performance Sensing	160	7,043	8,495
Sensing Solutions	150	5,214	7,495
Corporate and other	200	8,243	9,510
Total	510	20,500	25,500

Restructuring charges, net recognized in the three months ended March 31, 2024 resulting from the Q3 2023 Plan are presented by business segment and corporate functions below.


(In thousands)	Severance		Facility and other exit costs (1)
Performance Sensing	$	528	$	—
Sensing Solutions	(349)		—
Corporate and other	419		—
Q3 2023 Plan total	$	598	$	—

The following table presents the charges and gains included as components of restructuring and other charges, net for the three months ended March 31, 2024 and 2023:


	For the three months ended
	March 31, 2024		March 31, 2023
Q3 2023 Plan charges, net (1)	$	598	$	—
Other restructuring and other charges, net
Severance charges, net (2)	(9)		4,213
Facility and other exit costs	168		225
Gain on sale of business	—		(5,877)
Acquisition-related compensation arrangements	955		7,272
Other	(930)		166
Restructuring and other charges, net	$	782	$	5,999

(1) Includes severance charges, net and facility and other exit costs relating to the Q3 2023 Plan as detailed under the heading Q3 2023 Plan above.

(2) Each period presented includes severance charges, net of reversals, that do not represent the initiation of a larger restructuring plan.

The following table presents a rollforward of our severance liability for the three months ended March 31, 2024:


	Q3 2023 Plan		Other		Total
Balance as of December 31, 2023	$	6,017	$	769	$	6,786
Charges, net of reversals	598		(9)		589
Payments	(3,296)		(369)		(3,665)
Foreign currency remeasurement	(97)		(13)		(110)
Balance as of March 31, 2024	$	3,222	$	378	$	3,600

The severance liability as of March 31, 2024 and December 31, 2023 were entirely recorded in accrued expenses and other current liabilities on our condensed consolidated balance sheets.