XML 29 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Restructuring and Impairment Charges
 3 Months Ended
Mar. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and Impairment Charges

Note 13 – Restructuring and Impairment Charges

 

In connection with the planned closure of the manufacturing facility in Cherokee, Alabama (the “Shoals Facility”) in 2021, the Company reached an agreement with the Shoals Facility owner and landlord to (i) shorten the Shoals lease term by amending the expiration date to the end of February 2021 and (ii) 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.

 

There were no restructuring and impairment charges during the three months ended March 31, 2023 and 2022. There were no remaining restructuring and impairment costs accrued for during the three months ended March 31, 2023. Restructuring related employee severance and retention costs of $73 were accrued for at March 31, 2022, with employee severance and retention cash payments made of $90 during the three months ended March 31, 2022.