On September 10, 2020, the Company announced its plan to permanently close its Shoals Facility in light of the ongoing cyclical industry downturn, which has been magnified by the COVID-19 pandemic. On October 8, 2020, the Company reached an agreement with the Shoals facility owner and landlord, to shorten the Shoals lease term by amending the expiration date to the end of February 2021. In addition, the landlord agreed to waive the base rent payable under the original lease for the months of October 2020 through February 2021. Property, plant and equipment with an estimated fair value of $10,148 was sold or transferred to the Shoals landlord during the three months ended March 31, 2021 as consideration for the landlord’s entry into the lease amendment and the aforementioned rent waiver. Restructuring and impairment charges related to the plant closure for the three months March 31, 2021 primarily represented costs related to relocating some of the facility’s equipment to Castaños.

Restructuring and impairment charges are reported as a separate line item on the Company’s condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021, and are detailed below:


	Three Months Ended
	March 31,
	2022		2021
Impairment and loss on disposal of machinery and equipment	$	-	$	269
Employee severance and retention		-		(57	)
Other charges related to facility closure		-		6,438
Total restructuring and impairment costs	$	-	$	6,650


	Accrued as of December 31, 2021		Cash Charges		Non-cash charges		Cash payments			Accrued as of March 31, 2022

Impairment and loss on right of use asset	$	-								$	-
Employee severance and retention		163				-		(90	)		73
Other charges related to facility closure		-									-
Total restructuring and impairment costs	$	163	$	-	$	-	$	(90	)	$	73


	Accrued as of December 31, 2020		Cash Charges		Non-cash charges			Cash payments			Accrued as of March 31, 2021

Impairment and loss on right of use asset	$	-			$	269					$	-
Employee severance and retention		1,596				(57	)		(1,075	)		464
Other charges related to facility closure		251		6,438					(4,897	)		1,792
Total restructuring and impairment costs	$	1,847	$	6,438	$	212		$	(5,972	)	$	2,256