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Exit of Russian Operations | 6 Months Ended
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Jun. 30, 2022
Restructuring and Related Activities [Abstract] |
Exit of Russian Operations | NOTE P – EXIT OF RUSSIAN OPERATIONS Due to the ongoing conflict in Ukraine and overt hostilities shown by Russia in the conflict, the Company determined to exit its Russian operations in March 2022, at which time exit activities began. The Russia operations did not have a material impact to the consolidated financial statements with net sales of $0.2 million and $0.3 million for the three and six months ended June 30, 2022 and $0.2 million and $0.4 million for the three and six months ended June 30, 2021, respectively. Total annual sales were $1.0 million for the 2021 fiscal year. As a result of the decision to exit operations, net charges of approximately $0.2 million and $1.2 million were recorded for the three and six months ended June 30, 2022, mainly as a result of asset impairments and one-time termination benefits. These impacts were included in Cost of products sold, General and administrative expense, or Other income - net, as appropriate. In Business Segment Information, these charges are recorded in the EMEA segment. The Company does not expect future charges incurred to be material.

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