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Restructuring | 6 Months Ended
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Jun. 30, 2022
Restructuring and Related Activities [Abstract] |
Restructuring | Note 3 – Restructuring Manufacturing Footprint Rationalization In September 2019, the Company committed to a restructuring plan (“Plan”) to improve the Company’s manufacturing productivity and rationalize its footprint. Under this Plan, the Company is relocating and consolidating certain automotive electronics manufacturing plants in North America and China. During 2021, the Company completed the closures and relocation of its automotive electronics manufacturing operations from Burlington, Canada to Celaya, Mexico and from Longgang, Shenzhen, China to Bantian, Shenzhen, China. As of June 30, 2022, the electronics manufacturing in Acuña, Mexico continues to transition to Celaya, Mexico. During the three and six months ended June 30, 2022, the Company recognized restructuring expense of $0 and $50, respectively, for employee separation costs and $97 and $198, respectively, for other costs. During the three and six months ended June 30, 2021, the Company recognized restructuring expense of $759 and $965 for employee separation costs, respectively, $97 and $192 for accelerated depreciation, respectively, and $488 and $652 for other costs, respectively. The Company has recorded approximately $10,353 of restructuring expenses since the inception of this program and as of June 30, 2022, $538 remains accrued. Actions under the Plan are expected to be substantially completed by the end of 2022 and future expenses are expected to be less than $1,000. Other Restructuring Activities As part of the Company’s continued efforts to optimize its cost structure, the Company has undertaken several discrete restructuring actions. During the three and six months ended June 30, 2022, the Company recognized $277 and $307, respectively, for other costs. During the three and six months ended June 30, 2021, the Company recognized $747 and $1,073, respectively, of employee separation costs. These restructuring expenses were primarily associated with restructuring actions focused on the rotation of our manufacturing footprint to best cost locations and the reduction of global overhead costs. Restructuring Expenses By Reporting Segment The following table summarizes restructuring expense for the three and six months ended June 30, 2022 and 2021 by reporting segment:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Automotive |  | $ | 374 |  |  | $ | 1,075 |  |  | $ | 555 |  |  | $ | 1,866 |
Medical |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate |  |  | — |  |  |  | 1,016 |  |  |  | — |  |  |  | 1,016 |
Total |  | $ | 374 |  |  | $ | 2,091 |  |  | $ | 555 |  |  | $ | 2,882 |
Restructuring Liability Restructuring liabilities are classified as Other current liabilities in the consolidated condensed balance sheets. The following table summarizes restructuring liability for the six months ended June 30, 2022:
|  | Employee Separation Costs |  |  | Other Related Costs |  |  | Total |
Balance at December 31, 2021 |  | $ | 1,494 |  |  | $ | — |  |  | $ | 1,494 |
Additions, charged to restructuring expenses |  |  | — |  |  |  | 131 |  |  |  | 131 |
Cash payments |  |  | (544 | ) |  |  | (131 | ) |  |  | (675 | )
Non-cash utilization |  |  | — |  |  |  | — |  |  |  | — |
Change in estimate |  |  | 50 |  |  |  | — |  |  |  | 50 |
Currency translation |  |  | (18 | ) |  |  | — |  |  |  | (18 | )
Balance at March 31, 2022 |  | $ | 982 |  |  | $ | — |  |  | $ | 982 |
Additions, charged to restructuring expenses |  |  | — |  |  |  | 374 |  |  |  | 374 |
Cash payments |  |  | (83 | ) |  |  | (97 | ) |  |  | (180 | )
Non-cash utilization |  |  | — |  |  |  | — |  |  |  | — |
Change in estimate |  |  | — |  |  |  | — |  |  |  | — |
Currency translation |  |  | (32 | ) |  |  | — |  |  |  | (32 | )
Balance at June 30, 2022 |  | $ | 867 |  |  | $ | 277 |  |  | $ | 1,144 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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