XML 36 R15.htm IDEA: XBRL DOCUMENT
v3.23.1

Restructuring and Impairment Charges | 12 Months Ended
--- | ---
Dec. 31, 2022
Restructuring and Related Activities [Abstract] |
Restructuring and Impairment Charges | Note 8 – Restructuring and Impairment Charges In September 2020, the Company announced its plan to permanently close its Shoals Facility in light of the ongoing cyclical industry downturn, which had been magnified by the COVID-19 pandemic. In October 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 2021 as consideration for the landlord’s entry into the lease amendment and the aforementioned rent waiver. Restructuring and impairment charges (benefits) related to the plant closure for 2021 were primarily due 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 consolidated statements of operations for the years ended December 31, 2022 and 2021, and are detailed below:
|  | Year Ended |  |
|  | December 31, |  |
|  | 2022 |  |  | 2021 |  |
Impairment and loss on disposal of machinery and equipment |  | $ | - |  |  | $ | 1,591 |  |
Employee severance and retention |  |  | - |  |  |  | (5 | ) |
Other charges related to facility closure |  |  | - |  |  |  | 4,944 |  |
Total restructuring and impairment costs |  | $ | - |  |  | $ | 6,530 |  |
Accrued restructuring and impairment charges primarily related to the Manufacturing segment and are detailed below:
|  | Accrued as of December 31, 2021 |  |  | Cash Charges |  |  | Non-cash charges |  |  | Cash payments |  |  | Accrued as of December 31, 2022 |
Impairment and loss on disposal of machinery and equipment |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Employee severance and retention |  |  | 163 |  |  |  | - |  |  |  | - |  |  |  | (163 | ) |  |  | - |
Other charges related to facility closure |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total restructuring and impairment costs |  | $ | 163 |  |  | $ | - |  |  | $ | - |  |  | $ | (163 | ) |  | $ | - |
|  | Accrued as of December 31, 2020 |  |  | Cash Charges |  |  | Non-cash charges |  |  | Cash payments |  |  | Accrued as of December 31, 2021 |
Impairment and loss on disposal of machinery and equipment |  | $ | - |  |  | $ | - |  |  | $ | 269 |  |  | $ | - |  |  | $ | - |
Employee severance and retention |  |  | 1,596 |  |  |  | - |  |  |  | (80 | ) |  |  | (1,353 | ) |  |  | 163 |
Other charges related to facility closure |  |  | 251 |  |  |  | 6,437 |  |  |  | (96 | ) |  |  | (6,688 | ) |  |  | - |
Total restructuring and impairment costs |  | $ | 1,847 |  |  | $ | 6,437 |  |  | $ | 93 |  |  | $ | (8,041 | ) |  | $ | 163 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration