Restructuring, Asset Impairments and Other, Net

3 Months Ended

Mar. 29, 2019

Restructuring Charges [Abstract]

Restructuring, Asset Impairments and Other, Net

Note 5: Restructuring, Asset Impairments and Other, Net

Summarized activity included in the “Restructuring, asset impairments and other, net” caption on the Company's Consolidated Statements of Operations and Comprehensive Income is as follows (in millions):        

	Restructuring		Asset Impairments		Other		Total
Quarter ended March 29, 2019
General workforce reduction	$	5.5	$	—	$	—	$	5.5
Other	—		—		0.1		0.1
Total	$	5.5	$	—	$	0.1	$	5.6

Changes in accrued restructuring charges from December 31, 2018 to March 29, 2019 are summarized as follows (in millions):

	As of							As of
	December 31, 2018		Charges		Usage			March 29, 2019
Estimated employee separation charges	$	0.3	$	5.5	$	(1.4	)	$	4.4
Other	0.2		—		(0.1		)	0.1
Total	$	0.5	$	5.5	$	(1.5	)	$	4.5

General workforce reduction

During the first quarter of 2019, the Company approved and began to implement certain restructuring actions aimed at cost savings, primarily through workforce reductions. The Company notified approximately 100 employees of their employment termination, of which 27 had exited by March 29, 2019. The expense for this program amounted to $5.5 million, of which $4.3 million remain accrued as of March 29, 2019. The Company will continue to evaluate positions for redundancies and may incur additional charges in the future.