Restructuring

3 Months Ended

Mar. 31, 2021

Restructuring and Related Activities [Abstract]

On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has implemented several restructuring initiatives, including closure or consolidation of facilities throughout the world and the reorganization of its operating structure.

The Company’s restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), other related exit costs and asset impairments related to restructuring activities. Employee separation costs are recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy.

Restructuring expense by segment for the three months ended March 31, 2021 and 2020 was as follows:


	Three Months Ended March 31,
		2021		2020
North America		$	2,363	$	3,703
Europe		16,397		2,193
Asia Pacific		369		133
South America		1,587		1,202
Total Automotive		20,716		7,231
Corporate and other		331		45
Total		$	21,047	$	7,276

Restructuring activity for the three months ended March 31, 2021 was as follows:


	Employee Separation Costs		Other Exit Costs		Total
Balance as of December 31, 2020	$	15,029	$	8,406	$	23,435
Expense	18,152		2,895		21,047
Cash payments	(4,416)		(5,646)		(10,062)
Non-cash fixed asset impairments included in expense	—		(182)		(182)
Foreign exchange translation and other	(603)		1,928		1,325
Balance as of March 31, 2021	$	28,162	$	7,401	$	35,563