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Restructuring and Related Activities (Tables) | 6 Months Ended
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Jun. 30, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The following table details restructuring charges incurred by reportable segment for the periods presented:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Precision Devices | $ | 0.2 |  |  | $ | — |  |  | $ | 2.7 |  |  | $ | — |
Consumer MEMS Microphones | — |  |  | (1.1) |  |  | — |  |  | (0.3) |
Corporate | — |  |  | — |  |  | — |  |  | 0.3 |
Total | $ | 0.2 |  |  | $ | (1.1) |  |  | $ | 2.7 |  |  | $ | — |
Schedule of Restructuring Reserve by Type of Cost | The following table details the Company’s severance and other restructuring accrual activity:
(in millions) | Severance Pay and Benefits (1) |  | Contract Termination and Other Costs (2) |  | Total
Balance at December 31, 2023 | $ | 2.4 |  |  | $ | 16.8 |  |  | $ | 19.2 |
Restructuring charges | 2.7 |  |  | — |  |  | 2.7 |
Payments | (2.8) |  |  | (5.7) |  |  | (8.5) |
Other, including foreign currency | (0.4) |  |  | (1.6) |  |  | (2.0) |
Balance at June 30, 2024 | $ | 1.9 |  |  | $ | 9.5 |  |  | $ | 11.4 |
(1) All accruals for Severance Pay and Benefits are reflected within Other accrued expenses on the Consolidated Balance Sheet. (2) Accruals for Contract Termination and Other Costs of $4.7 million and $6.1 million were reflected within Other accrued expenses on the Consolidated Balance Sheet at June 30, 2024 and December 31, 2023, respectively. The remaining balances are reflected within Other liabilities.
Schedule of Restructuring Reserve by Balance Sheet Location | The severance and restructuring accruals are recorded in the following line item on the Consolidated Balance Sheets:
(in millions) | June 30, 2024 |  | December 31, 2023
Other accrued expenses | $ | 6.6 |  |  | $ | 8.5 |
Other liabilities | 4.8 |  |  | 10.7 |
Total | $ | 11.4 |  |  | $ | 19.2 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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