Acquisition and Other Expense

3 Months Ended

Mar. 31, 2020

Acquisition and Other Expense [Abstract]

Acquisition and Other Expense [Text Block]

Acquisition and Other Expense

Acquisition and other expense consists of the following:



	Three Months Ended March 31,
	2020		2019

Manufacturing consolidation costs	$	1,785	$	—
Acquisition and integration costs	805		660
Acquisition and other expense included in cost of sales	$	2,590	$	660

Acquisition and integration costs included in selling and administrative expense	$	754	$	7,245

Debt refinancing costs included in other expense	$	—	$	3,904

During the three months ended March 31, 2020, we incurred $1.8 million in costs related to the consolidation of certain manufacturing operations which were charged to cost of sales. These costs related to winding down operations at certain locations and moving production lines to other facilities.

In conjunction with the consolidation of our manufacturing operations, our Buffalo, New York facility is currently held for sale and classified in prepaid expenses and other current assets in the consolidated condensed balance sheet. The net book value of this facility at March 31, 2020 was $3.0 million.

During the three months ended March 31, 2020 and 2019, we incurred costs for inventory adjustments and other costs of $0.8 million related to a previous acquisition and $0.7 million associated with the acquisition of Buffalo Filter as further described in Note 3, respectively. These costs were charged to cost of sales.

During the three months ended March 31, 2020, we incurred $0.8 million in severance and integration costs mainly related to the Buffalo Filter acquisition. During the three months ended March 31, 2019, we incurred $7.2 million in investment banking fees, consulting fees, legal fees and integration related costs associated with the February 11, 2019 acquisition of Buffalo Filter as further described in Note 3. These costs were included in selling and administrative expense.

During the three months ended March 31, 2019, we incurred a $3.6 million charge related to commitment fees paid to certain of our lenders, which provided a financing commitment for the Buffalo Filter acquisition and recorded a loss on the early extinguishment of debt of $0.3 million in conjunction with the sixth amended and restated senior credit agreement.