Business Realignment and Restructuring (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Restructuring and Related Costs




Year ended December 31	2020		2019		2018
Control Devices ^(A)	$	1,752	$	682	$	169
Electronics ^(B)		1,690		99		63
Stoneridge Brazil ^(C)		234		-		478
Unallocated Corporate ^(D)		361		1,048		-
Total business realignment charges	$	4,037	$	1,829	$	710

(A)

Severance costs for the year ended December 31, 2020 related to COGS, D&D and SG&A were $724, $283 and $745, respectively. Severance costs for the year ended December 31, 2019 related to SG&A were $682. Severance costs for the year ended December 31, 2018 related to D&D and SG&A were $128 and $41, respectively.

(B)	Severance costs for the year ended December 31, 2020 related to COGS, D&D and SG&A were $383, $402 and $905, respectively. Severance costs for the year ended December 31, 2019 related to SG&A were $99. Severance costs for the year ended December 31, 2018 related to SG&A were $63.

(C)	Severance costs for the year ended December 31, 2020 related to COGS and SG&A were $124 and $110, respectively. Severance costs for the year ended December 31, 2018 related to COGS, SG&A and D&D were $63, $387 and $28, respectively.

(D)	Severance costs for the years ended December 31, 2020 and 2019 related to SG&A were $361 and $1,048, respectively.

Schedule of Business Realignment Charges Classified by Statement of Operations


Year ended December 31		2020		2019		2018
Cost of goods sold	$	1,231	$	-	$	63
Selling, general and administrative		2,121		1,829		491
Design and development		685		-		156
Total business realignment charges	$	4,037	$	1,829	$	710

Electronics [Member]

Schedule of Restructuring and Related Costs

The expenses for the restructuring activities that relate to the Electronics reportable segment include the following:


	Accrual as of		2020 Charge to			Utilization			Accrual as of
	January 1, 2020		Expense		Cash		Non-Cash		December 31, 2020
Employee termination benefits	$	52	$	1,034	$	(859)	$	-	$	227
Contract termination costs		-		452		(452)		-		-
Other related costs		-		914		(914)		-		-
Total	$	52	$	2,400	$	(2,225)	$	-	$	227


	Accrual as of		2019 Charge to			Utilization			Accrual as of
	January 1, 2019		Expense		Cash		Non-Cash		December 31, 2019
Employee termination benefits	$	520	$	(18)	$	(453)	$	3	$	52
Accelerated depreciation		-		289		-		(289)		-
Contract termination costs		17		9		(26)		-		-
Other related costs		119		323		(442)		-		-
Total	$	656	$	603	$	(921)	$	(286)	$	52


	Accrual as of		2018 Charge to			Utilization			Accrual as of
	January 1, 2018		Expense		Cash		Non-Cash		December 31, 2018
Employee termination benefits	$	-	$	1,939	$	(1,419)	$	-	$	520
Excess and obsolete inventory		-		823		-		(823)		-
Intangible impairment		-		200		-		(200)		-
Fixed asset impairment		-		157		-		(157)		-
Contract termination costs		-		156		(139)		-		17
Other related costs		-		264		(145)		-		119
Total	$	-	$	3,539	$	(1,703)	$	(1,180)	$	656

Control Devices [Member] | Particulate Matter Product Line Strategic Exit [Member]

Schedule of Restructuring and Related Costs

Accrual as of

2020 Charge

Utilization

Accrual as of

January 1, 2020

to Expense

Cash

Non-Cash

December 31, 2020

Fixed asset impairment and
accelerated depreciation

3,326

(3,326)

Other related costs

102

(102)

Total

3,428

(102)

(3,326)

Control Devices [Member] | Canton Facility Restructuring Plan [Member]

Schedule of Restructuring and Related Costs

Accrual as of

2020 Charge

Utilization

Accrual as of

January 1, 2020

to Expense

Cash

Non-Cash

December 31, 2020

Employee termination benefits

2,636

1,119

(3,590)

165

Other related costs

1,859

(1,859)

Total

2,636

2,978

(5,449)

165


	Accrual as of		2019 Charge			Utilization			Accrual as of
	January 1, 2019		to Expense		Cash		Non-Cash		December 31, 2019
Employee termination benefits	$	-	$	8,088	$	(5,452)	$	-	$	2,636
Other related costs		-		4,442		(4,442)		-		-
Total	$	-	$	12,530	$	(9,894)	$	-	$	2,636