The Company continually monitors market factors and industry trends and takes restructuring actions to reduce overall costs and improve operational profitability as appropriate. Restructuring actions generally result in charges for employee termination benefits, plant closures, asset impairments and contract termination costs.

In the three months ended January 29, 2022, the Company initiated a restructuring plan to consolidate one of its operations within the Industrial segment in response to logistics issues and tariffs. This action resulted in a facility shutdown and consolidation of activities into an existing location. The Company recognized $3.1 million of restructuring costs, of which $1.2 million was recorded in cost of products sold and $1.9 million was recorded in selling and administrative expenses. In the nine months ended January 29, 2022, the Company recognized $3.3 million of restructuring costs, of which $1.2 million was recorded in cost of products sold and $2.1 million was recorded in selling and administrative expenses.

In fiscal 2021, the Company initiated certain restructuring actions in response to the adverse impacts from the COVID-19 pandemic. These actions included plant consolidations and workforce reductions in the Automotive, Industrial and Interface segments. In the three months ended January 30, 2021, the Company recognized $0.7 million of restructuring costs, of which $0.4 million was recorded in cost of products sold and $0.3 million was recorded in selling and administrative expenses. In the nine months ended January 30, 2021, the Company recognized $8.3 million of restructuring costs, of which $5.0 million was recorded in cost of products sold and $3.3 million was recorded in selling and administrative expenses.

Employee termination benefits are accrued upon the commitment to a termination plan and when the benefit arrangement is communicated to affected employees, or when liabilities are determined to be probable and estimable. Asset impairment charges relate to the impairment of right-of-use lease assets and equipment. Contract termination costs are recorded when notification of termination is given to the other party. The following is a rollforward of the Company’s restructuring activity for the nine months ended January 29, 2022:

					Utilization
(in millions)	Accrual as of May 1, 2021		YTD charges		Cash			Non-cash			Accrual as of January 29, 2022
Employee termination benefits	$	0.7	$	0.2	$	(0.8	)	$	—		$	0.1
Asset impairment charges		—		3.1		—			(1.1	)		2.0
Contract termination costs		0.5		—		(0.5	)		—			—
Total	$	1.2	$	3.3	$	(1.3	)	$	(1.1	)	$	2.1

	Three Months Ended				Nine Months Ended
(in millions)	January 29, 2022		January 30, 2021		January 29, 2022		January 30, 2021
Automotive	$	—	$	0.5	$	0.2	$	6.4
Industrial		3.1		—		3.1		0.9
Interface		—		—		—		0.7
Medical		—		—		—		—
Eliminations/Corporate		—		0.2		—		0.3
Total restructuring costs	$	3.1	$	0.7	$	3.3	$	8.3

The Company expects to incur an additional $0.2 million of severance costs prior to the end of fiscal 2022. Estimates of restructuring costs are based on information available at the time such charges are recorded. Due to the inherent uncertainty involved in estimating restructuring costs, actual amounts paid for such activities may differ from amounts initially recorded. Accordingly, the Company may record revisions of previous estimates by adjusting previously established accruals.