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Exit Activity Costs and Asset Impairments (Tables) | 9 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Summary Of Exit Activity Costs And Asset Impairments | The following tables set forth the exit activity costs (recoveries) and asset impairment charges (recoveries) incurred by segment during the three and nine months ended September 30, related to the restructuring activities described above (in thousands):
| Three Months Ended September 30,
| 2023 |  | 2022
| Exit Activity |  | Asset Impairment |  | Total |  | Exit Activity |  | Asset Impairment |  | Total
Renewables | $ | 4,389 |  |  | $ | (59) |  |  | $ | 4,330 |  |  | $ | (44) |  |  | $ | — |  |  | $ | (44) |
Residential | 22 |  |  | 654 |  |  | 676 |  |  | — |  |  | 12 |  |  | 12 |
Agtech | 5 |  |  | — |  |  | 5 |  |  | 15 |  |  | 217 |  |  | 232 |
Infrastructure | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Corporate | (33) |  |  | — |  |  | (33) |  |  | 11 |  |  | — |  |  | 11 |
Total | $ | 4,383 |  |  | $ | 595 |  |  | $ | 4,978 |  |  | $ | (18) |  |  | $ | 229 |  |  | $ | 211 |
| Nine Months Ended September 30,
| 2023 |  | 2022
| Exit Activity |  | Asset Impairment |  | Total |  | Exit Activity |  | Asset Impairment |  | Total
Renewables | $ | 7,298 |  |  | $ | (82) |  |  | $ | 7,216 |  |  | $ | 1,359 |  |  | $ | 1,198 |  |  | $ | 2,557 |
Residential | 136 |  |  | 654 |  |  | 790 |  |  | 1,298 |  |  | 12 |  |  | 1,310 |
Agtech | 722 |  |  | — |  |  | 722 |  |  | 103 |  |  | 217 |  |  | 320 |
Infrastructure | — |  |  | — |  |  | — |  |  | (63) |  |  | — |  |  | (63) |
Corporate | (33) |  |  | — |  |  | (33) |  |  | 93 |  |  | — |  |  | 93 |
Total | $ | 8,123 |  |  | $ | 572 |  |  | $ | 8,695 |  |  | $ | 2,790 |  |  | $ | 1,427 |  |  | $ | 4,217 |
The following table provides a summary of where the exit activity costs and asset impairment charges were recorded in the consolidated statements of income for the three and nine months ended September 30, (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of sales | $ | 4,544 |  |  | $ | (39) |  |  | $ | 8,155 |  |  | $ | 2,249 |
Selling, general, and administrative expense | 434 |  |  | 250 |  |  | 540 |  |  | 1,968 |
Total exit activity and asset impairment charges | $ | 4,978 |  |  | $ | 211 |  |  | $ | 8,695 |  |  | $ | 4,217 |
Reconciliation Of Liability For Exit Activity Costs Relating To Facility Consolidation Efforts | The following table reconciles the beginning and ending liability for exit activity costs relating to the Company’s facility consolidation efforts (in thousands):
| 2023 |  | 2022
Balance at January 1 | $ | 2,417 |  |  | $ | 272 |
Exit activity costs recognized | 8,123 |  |  | 2,790 |
Cash payments | (3,254) |  |  | (2,782) |
Balance at September 30 | $ | 7,286 |  |  | $ | 280 |

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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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