Assets Held for Sale (Notes)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Assets Held for Sale

In the third quarter of 2018, management approved a plan to sell the anti-vibration systems (“AVS”) product line within its North America, Europe and Asia Pacific segments.  The Company expects to sell the business within one year from management's approval of the plan. The business and its associated assets and liabilities met the criteria for presentation as held for sale as of September 1, 2018, and as such the assets and liabilities associated with the transaction are separately classified as held for sale in the condensed consolidated balance sheet as of September 30, 2018 and depreciation of long-lived assets ceased. The planned divestiture did not meet the criteria for presentation as a discontinued operation.

Subsequent to the end of the Company's third quarter, on November 2, 2018, the Company entered into a definitive agreement to divest the AVS product line. The expected sale price is approximately $265,500, subject to certain adjustments. The planned divestiture of the AVS product line is expected to close in the first half of 2019 and is subject to customary closing conditions, including regulatory and third-party approvals.

The major classes of assets and liabilities held for sale were as follows:

	September 30, 2018
Accounts receivable, net	$	52,636
Tooling receivable	3,396
Inventories	16,369
Prepaid expenses	1,848
Other current assets	1,709
Property, plant and equipment, net	28,266
Goodwill	13,500
Other assets	3,216
Total assets held for sale	$	120,940
Accounts payable	$	42,112
Payroll liabilities	7,285
Accrued liabilities	1,416
Pension benefits	15,628
Postretirement benefits other than pensions	8,391
Other liabilities	212
Total liabilities related to assets held for sale	$	75,044