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Restructuring and Integration Expenses | 9 Months Ended
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Sep. 30, 2023
Restructuring and Integration Expenses [Abstract] |
Restructuring and Integration Expenses | Note 4. Restructuring and Integration Expenses The aggregate liabilities included in “sundry payables and accrued expenses” and “other accrued liabilities” in the consolidated balance sheet relating to the restructuring and integration activities as of September 30, 2023 and December 31, 2022 and for the nine months ended September 30, 2023, consisted of the following (in thousands):
|  | Workforce Reduction |  |  | Other Exit Costs |  |  | Total |
Exit activity liability at December 31, 2022 |  | $ | 1,521 |  |  | $ | — |  |  | $ | 1,521 |
Restructuring and integration costs: |  |  |  |  |  |  |  |  |  |  |  |
Amounts provided for during 2023 (1) |  |  | 1,056 |  |  |  | 327 |  |  |  | 1,383 |
Cash payments |  |  | (1,285 | ) |  |  | (327 | ) |  |  | (1,612 | )
Foreign currency exchange rate changes |  |  | (5 | ) |  |  | — |  |  |  | (5 | )
Exit activity liability at September 30, 2023 |  | $ | 1,287 |  |  | $ | — |  |  | $ | 1,287 |
(1) | Restructuring and integration expenses incurred during the nine months ended September 30, 2023 consist of $0.5 million in our Vehicle Control segment, $0.8 million in our Temperature Control segment and $0.1 million in our Engineered Solutions segment.
Restructuring Costs Cost Reduction Initiative During the fourth quarter of 2022, to further our ongoing efforts to improve operating efficiencies and reduce costs, we announced plans for a reduction in our sales force, and initiated plans to relocate certain product lines from our Independence, Kansas manufacturing facility and from our St. Thomas, Canada manufacturing facility to our manufacturing facilities in Reynosa, Mexico. Restructuring expenses related to the Cost Reduction Initiative of approximately $1.4 million were incurred during the nine months ended September 30, 2023 consisting of (1) expenses of approximately $1.1 million of employee severance and bonuses related to our product line relocations, and (2) expenses of approximately $0.3 million related to the relocation of machinery and equipment to our manufacturing facilities in Reynosa, Mexico. Cash payments made of approximately $1.6 million during the nine months ended September 30, 2023 consisted primarily of employee severance and bonus payments related to our product line relocations and sales force reduction. Additional restructuring costs related to the initiative, and expected to be incurred, are approximately $0.5 million. We anticipate that the Cost Reduction Initiative will be substantially completed by the end of 2023.

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//420/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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