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Plants Shutdowns, Asset Impairments, Restructurings And Other | 9 Months Ended
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Sep. 30, 2019
Restructuring Charges [Abstract] |
Plant Shutdowns, Asset Impairments, Restructurings And Other | he Company plans to close its PE Films manufacturing facility in Lake Zurich, Illinois, which produces elastic materials. Production at the Lake Zurich plant is expected to cease during the fourth quarter of 2019 with product transfers to the new elastic production line at Terre Haute, Indiana (“Lake Zurich plant shutdown”). As a result of the Lake Zurich plant shutdown, the Company expects to recognize pre-tax cash costs of $7.6 million comprised of (i) customer-related costs ($0.7 million), (ii) severance and other employee related costs ($1.8 million), and (iii) asset disposal and other cash costs ($5.1 million). In addition, the Company expects non-cash asset write-offs and accelerated depreciation of $1.6 million. Total expenses associated with the Lake Zurich plant shutdown are $1.9 million since project inception. Cash expenditures were $0.2 million and $0.2 million in the three and nine months ended September 30, 2019, respectively. Proceeds from the expected sale of Lake Zurich’s real property are estimated at approximately $5 million. The Company anticipates that the Lake Zurich plant shutdown will be completed by the end of 2020. The Company plans to consolidate the production of certain PE Films personal care products in Europe over the next twelve months (“PC Europe consolidation”). As a result of this consolidation, the Company expects to recognize pre-tax cash costs of $1.7 million, primarily for severance and customer-related costs. Total expenses associated with the PC Europe consolidation are $0.7 million since project inception. Cash expenditures were $0.1 million in the three and nine months ended September 30, 2019. In June 2018, the Company announced plans to close its facility in Shanghai, China, which primarily produced plastic films used as components for personal care products (“Shanghai plant shutdown”). Production ceased at this plant during the fourth quarter of 2018. Total expenses associated with the Shanghai transition are $4.0 million since project inception. Cash expenditures were $0.2 million and $0.7 million in the three and nine months ended September 30, 2019, respectively, and $3.2 million since project inception. The plant facilities were sold in the third quarter of 2019, resulting in a pre-tax gain of $6.3 million, reported in “Other income (expense), net” in the consolidated statements of income. Other pre-tax charges include restructuring costs in PE Films for severance in the amounts of $0.1 million and $0.6 million, in the three and nine months ended September 30, 2019, respectively, the write-off of inventory at PE Films’ Personal Care facility in Restag, Hungary in the amount of $0.2 million in the three months ended September 30, 2019, and the write-off of a Personal Care production line at the Guangzhou, China facility in the amount of $0.4 million in the nine months ended September 30, 2019. A reconciliation of the beginning and ending balances of accrued expenses associated with exit and disposal activities and charges associated with asset impairments and reported as “Asset impairments and costs associated with exit and disposal activities, net of adjustments” in the consolidated statements of income for the nine months ended September 30, 2019 is as follows.
(In thousands) | Severance |  | Asset Impairments |  | Other |  | Total
Balance at January 1, 2019 | $ | 616 |  |  | $ | — |  |  | $ | 160 |  |  | $ | 776 |
Changes in 2019: |  |  |  |  |  |
Charges: |  |  |  |  |  |  |
Shanghai plant shutdown | 101 |  |  | — |  |  | 625 |  |  | 726 |
Lake Zurich plant shutdown | 720 |  |  | 206 |  |  | — |  |  | 926 |
PC Europe consolidation | 594 |  |  | 96 |  |  | — |  |  | 690 |
Other restructuring charges(a) | 628 |  |  | 573 |  |  | 52 |  |  | 1,253 |
| 2,043 |  |  | 875 |  |  | 677 |  |  | 3,595 |
Cash payments | (1,212 | ) |  | — |  |  | (721 | ) |  | (1,933 | )
Charges against assets | — |  |  | (875 | ) |  | — |  |  | (875 | )
Balance at September 30, 2019 | $ | 1,447 |  |  | $ | — |  |  | $ | 116 |  |  | $ | 1,563 |
(a) Asset impairments not related to restructuring or exit and disposal activities are described in a paragraph above.

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