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Exit of Russian Operations | 9 Months Ended
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Sep. 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, which was completed during the third quarter. The Russian operations did not have a material impact to the consolidated financial statements with zero net sales and $0.3 million for the three and nine months ended September 30, 2022, and $0.3 million and $0.8 million for the three and nine months ended September 30, 2021, respectively. Total annual sales were $1.0 million for the 2021 fiscal year. As a result of the decision to exit operations, a net benefit of approximately $0.2 million and charges of $1.0 millio n were recorded, mainly as a result of asset impairments and one-time termination benefits for the three and nine month periods ending September 30, 2022. 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.

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