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Restructuring Charges | 9 Months Ended
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Sep. 30, 2020
Restructuring Charges [Abstract] |
Restructuring Charges | Note 13 – Restructuring Charges The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities. The Company recognized restructuring charges during 2020 and 2019 primarily related to facility transitions in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2020 activity in the accrued restructuring balances related to the restructuring activities initiated prior to September 30, 2020:
|  |  | Balance as of |  |  |  |  |  |  |  |  | Foreign |  | Balance as of
|  |  | December 31, |  | Restructuring |  | Cash | Non-Cash |  | Exchange |  | September 30,
(in thousands) |  |  | 2019 |  |  |  | Charges |  |  | Payment | Activity |  | Adjustments |  | 2020
2020 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Severance |  | $ | — |  |  | $ | 5,119 |  | $ | (1,391) | (25) |  | $ | — |  | $ | 3,703
| Leased facilities and equipment |  |  | — |  |  |  | 148 |  |  | (3) | (145) |  |  | — |  |  | —
| Other exit costs |  |  | — |  |  |  | 210 |  |  | (40) | — |  |  | — |  |  | 170
|  |  | — |  |  |  | 5,477 |  |  | (1,434) | (170) |  |  | — |  |  | 3,873
2019 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Severance |  |  | 3,956 |  |  |  | (1,183) |  |  | (2,470) | (72) |  |  | — |  |  | 231
| Leased facilities and equipment |  |  | — |  |  |  | 3,070 |  |  | (1,491) | (1,144) |  |  | — |  |  | 435
| Other exit costs |  |  | — |  |  |  | 1,373 |  |  | (384) | (729) |  |  | — |  |  | 260
|  |  | 3,956 |  |  |  | 3,260 |  |  | (4,345) | (1,945) |  |  | — |  |  | 926
Total |  | $ | 3,956 |  |  | $ | 8,737 |  | $ | (5,779) | (2,115) |  | $ | — |  | $ | 4,799
In addition, during the nine months ended September 30, 2020, we incurred $5.7 million and $1.0 million in costs related to asset impairments in the Americas and Asia, respectively.

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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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