XML 202 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

Restructuring | 12 Months Ended
--- | ---
Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring During 2019, 2018 and 2017, we initiated and continued execution of certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business. In 2019, there was a further $20.1 million of costs in relation to the previously announced closure of Luxfer Gas Cylinders' French site. There is an expectation that further costs will be incurred in, but not beyond 2020. Within the Elektron segment, there was $4.6 million of asset write-downs and one-time employee benefits, following the decision to scale down production at one of our Luxfer Magtech sites. There were other simplification costs incurred of $1.2 million across both segments. In 2018, the restructuring charge included an other-than-temporary impairment and employee severance charges in the Gas Cylinders segment in relation to the Company's announcement that it was under consultation to close its French site. Within the Elektron segment, there have been asset write-downs in connection to the closure of our Luxfer Graphic Arts site in Findlay, OH, with consolidation of operations in Madison, IL; and the previously announced closure of our Luxfer Magtech site in Riverhead, NY. The 2017 initiative included costs incurred in the Gas Cylinders segment following the decision to discontinue our Advanced Oxygen System (AOS) product line and the announced closure of our Luxfer HEI business. In the Elektron Segment, we announced the closure of our Luxfer Magtech site in Riverhead, NY, with consolidation of operations in Cincinnati OH. There was also a Company-wide effort to reduce headcount and streamline management, which contributed to the increase in severance and related costs in the year. Restructuring related costs included in Restructuring charges in the Consolidated statement of income / (loss) are as follows:
|  |  | Years ended December 31, |
| In millions |  | 2019 |  | 2018 |  | 2017 |
| Severance and related costs |  | $ | (20.9 | ) |  | $ | (6.7 | ) |  | $ | (4.6 | ) |
| Asset impairment |  | (5.0 | ) |  | (6.8 | ) |  | (2.3 | ) |
| Other |  | — |  |  | 0.1 |  |  | (1.5 | ) |
| Total restructuring charges |  | $ | (25.9 | ) |  | $ | (13.4 | ) |  | $ | (8.4 | ) |
Other restructuring costs primarily consist of various contract termination and revision costs as well as legal costs. Restructuring costs by reportable segment were as follows:
|  |  | Years ended December 31, |
| In millions |  | 2019 |  | 2018 |  | 2017 |
| Gas Cylinders segment |  | $ | (20.7 | ) |  | $ | (10.0 | ) |  | $ | (2.9 | ) |
| Elektron segment |  | (5.2 | ) |  | (3.4 | ) |  | (5.5 | ) |
| Total restructuring charges |  | $ | (25.9 | ) |  | $ | (13.4 | ) |  | $ | (8.4 | ) |
Activity related to restructuring, recorded in other current liabilities in the consolidated balance sheets is summarized as follows:
| In millions | 2019 |  | 2018 |
| Balance at January 1, | $ | 5.2 |  |  | $ | 2.1 |  |
| Costs incurred | 20.9 |  |  | 6.6 |  |
| Cash payments and other | (19.6 | ) |  | (3.5 | ) |
| Balance at December 31, | $ | 6.5 |  |  | $ | 5.2 |  |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration