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Restructuring and Integration Expenses | 3 Months Ended
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Mar. 31, 2024
Restructuring and Integration Expenses [Abstract] |
Restructuring and Integration Expenses | Note 4. Restructuring and Integration Expenses The aggregated 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 March 31, 2024 and December 31, 2023 and for the three months ended March 31, 2024, consisted of the following (in thousands):
|  | Workforce Reduction |  |  | Other Exit Costs |  |  | Total |
Exit activity liability at December 31, 2023 |  | $ | 1,729 |  |  | $ | — |  |  | $ | 1,729 |
Restructuring and integration costs: |  |  |  |  |  |  |  |  |  |  |  |
Amounts provided for during 2024 (a) |  |  | 17 |  |  |  | 175 |  |  |  | 192 |
Cash payments |  |  | (415 | ) |  |  | (175 | ) |  |  | (590 | )
Foreign currency exchange rate changes |  |  | (18 | ) |  |  | — |  |  |  | (18 | )
Exit activity liability at March 31, 2024 |  | $ | 1,313 |  |  | $ | — |  |  | $ | 1,313 |
(a) | Restructuring and integration expenses incurred during the three months ended March 31, 2024 consist of $101,000 in our Vehicle Control segment, $58,000 in our Temperature Control segment and $33,000 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 $192,000 were incurred during the three months ended March 31, 2024 consisting of (1) expenses of $17,000 of employee severance related to our product line relocations, and (2) expenses of $175,000 related to the relocation of machinery and equipment to our manufacturing facilities in Reynosa, Mexico. Cash payments made of $590,000 during the three months ended March 31, 2024 consisted primarily of severance payments related to the sales force reduction. We anticipate that the Cost Reduction Initiative will be substantially completed by the end of the second quarter of 2024. Additional restructuring costs related to the initiative are expected to be immaterial.

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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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