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Exit Activity Costs and Asset Impairments | 12 Months Ended
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Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Exit Activity Costs and Asset Impairments | EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS The Company has incurred exit activity costs and asset impairment charges as a result of its 80/20 simplification and portfolio management initiatives. These initiatives have resulted in the identification of low-volume, low margin, internally-produced products which have been or will be outsourced or discontinued, the simplification of processes, in the sale and exiting of less profitable businesses or products lines, and the reduction in our manufacturing footprint. Exit activity costs were incurred during 2019 related to contract terminations, severance, and other moving and closing costs incurred as a result of process simplification initiatives. In conjunction with these initiatives, the Company closed and consolidated one facility in 2019. In 2018, the Company sold and leased back a facility which resulted in a gain, and closed four other facilities. The Company closed three facilities during 2017. These closures resulted in asset impairment charges and exit activity costs. The following table sets forth the asset impairment charges and exit activity costs incurred by segment during the years ended December 31 related to the restructuring activities described above (in thousands):
| 2019 |  | 2018 |  | 2017
| Inventory write-downs &/or asset impairment (recoveries) charges, net |  | Exit activity costs |  | Total |  | Inventory write-downs &/or asset impairment charges (recoveries), net |  | Exit activity (recoveries) costs, net |  | Total |  | Inventory write-downs &/or asset impairment charges (recoveries), net |  | Exit activity costs |  | Total
Renewable Energy & Conservation | $ | (9 | ) |  | $ | 66 |  |  | $ | 57 |  |  | $ | 105 |  |  | $ | (33 | ) |  | $ | 72 |  |  | $ | 509 |  |  | $ | 2,986 |  |  | $ | 3,495 |
Residential Products | 417 |  |  | 3,440 |  |  | 3,857 |  |  | 1,586 |  |  | 1,321 |  |  | 2,907 |  |  | 345 |  |  | 1,058 |  |  | 1,403 |
Industrial & Infrastructure Products | — |  |  | 4,978 |  |  | 4,978 |  |  | (347 | ) |  | 1,749 |  |  | 1,402 |  |  | (2,484 | ) |  | 2,820 |  |  | 336 |
Corporate | — |  |  | 1,660 |  |  | 1,660 |  |  | — |  |  | 438 |  |  | 438 |  |  | — |  |  | 261 |  |  | 261 |
Total exit activity costs & asset impairments | $ | 408 |  |  | $ | 10,144 |  |  | $ | 10,552 |  |  | $ | 1,344 |  |  | $ | 3,475 |  |  | $ | 4,819 |  |  | $ | (1,630 | ) |  | $ | 7,125 |  |  | $ | 5,495 |
The following table provides a summary of where the above exit activity costs and asset impairments are recorded in the consolidated statements of operations for the years ended December 31 (in thousands):
| 2019 |  | 2018 |  | 2017
Cost of sales | $ | 4,255 |  |  | $ | 1,906 |  |  | $ | 911 |
Selling, general, and administrative expense | 6,297 |  |  | 2,913 |  |  | 4,584 |
Total exit activity costs and asset impairments | $ | 10,552 |  |  | $ | 4,819 |  |  | $ | 5,495 |
The following table reconciles the beginning and ending liability for exit activity costs relating to the Company’s facility consolidation efforts (in thousands):
| 2019 |  | 2018
Balance as of January 1 | $ | 1,923 |  |  | $ | 961 |
Exit activity costs recognized | 10,144 |  |  | 3,475 |
Cash payments | (4,629 | ) |  | (2,513 | )
Non-cash charges | (1,989 | ) |  | — |
Balance as of December 31 | $ | 5,449 |  |  | $ | 1,923 |
During the three years ended December 31, 2019, none of the Company's exit activities met the criteria to be reported as discontinued operations, as these actions do not represent a strategic shift that has or will have a major effect on the Company’s operations. Therefore, prior period results of continuing operations have not been restated to exclude the impact of any divested business’s financial results.

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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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