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Business Realignment and Restructuring (Tables) | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The settlement of liabilities associated with for the Canton Restructuring that relate to the Control Devices reportable segment include the following:
| Accrual as of January 1, 2022 |  | 2022 Charge to Expense |  | Utilization |  | Accrual as of June 30, 2022
|  |  | Cash |  | Non-Cash |
Employee termination benefits | $ | 93 |  |  | $ | — |  |  | $ | (93) |  |  | $ | — |  |  | $ | — |
Total | $ | 93 |  |  | $ | — |  |  | $ | (93) |  |  | $ | — |  |  | $ | — |
Business realignment charges incurred by reportable segment were as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Control Devices (A) | $ | 379 |  |  | $ | — |  |  | $ | 379 |  |  | $ | — |
Electronics (B) | 1,347 |  |  | — |  |  | 1,656 |  |  | — |
Stoneridge Brazil (C) | — |  |  | — |  |  | — |  |  | 34 |
Unallocated Corporate (D) | 184 |  |  | — |  |  | 1,137 |  |  | — |
Total business realignment charges | $ | 1,910 |  |  | $ | — |  |  | $ | 3,172 |  |  | $ | 34 |
_____________________________________
(A) | Severance costs for the three and six months ended June 30, 2023 related to COGS and SG&A were $369 and $10, respectively.
(B) | Severance costs for the three months ended June 30, 2023 related to COGS and SG&A were $82 and $1,265, respectively. Severance costs for the six months ended June 30, 2023 related to COGS and SG&A were $257 and $1,399, respectively.
(C) | Severance costs for the six months ended June 30, 2022 related to SG&A were $34.
(D) | Employee separation related costs for the three and six months ended June 30, 2023 related to SG&A were $169 and $1,122, respectively. Employee separation related costs for the three and six months ended June 30, 2023 related to D&D were $15.
Schedule of Business Realignment Charges Classified by Statement of Operations | Business realignment charges incurred, classified by statement of operations line item were as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of goods sold | $ | 451 |  |  | $ | — |  |  | $ | 626 |  |  | $ | — |
Selling, general and administrative | 1,444 |  |  | — |  |  | 2,531 |  |  | 34 |
Design and development | 15 |  |  | — |  |  | 15 |  |  | — |
Total business realignment charges | $ | 1,910 |  |  | $ | — |  |  | $ | 3,172 |  |  | $ | 34 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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