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Restructuring Charges | 6 Months Ended
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Jun. 30, 2021
Restructuring And Related Activities [Abstract] |
Restructuring Charges | Note 12 – 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 2021 and 2020 primarily related to the closure of facilities in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2021 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to June 30, 2021:
|  | Balance as of |  |  |  |  |  |  |  |  |  |  |  | Balance as of |
|  | December 31, |  |  | Restructuring |  |  | Cash |  |  | Non-Cash |  |  | June 30, |
(in thousands) |  | 2020 |  |  | Charges |  |  | Payment |  |  | Activity |  |  | 2021 |
Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  | $ | 3,996 |  |  | $ | 589 |  |  | $ | (3,174 | ) |  | $ | (28 | ) |  | $ | 1,383 |
Lease facility costs |  |  | 50 |  |  |  | 951 |  |  |  | (980 | ) |  |  | (13 | ) |  |  | 8 |
Other exit costs |  |  | 408 |  |  |  | 1,632 |  |  |  | (1,569 | ) |  |  | — |  |  |  | 471 |
Total |  | $ | 4,454 |  |  | $ | 3,172 |  |  | $ | (5,723 | ) |  | $ | (41 | ) |  | $ | 1,862 |

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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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