Costs Associated with Exit and Restructuring Activities

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Costs Associated with Exit and Restructuring Activities

NOTE 9 — Costs Associated with Exit and Restructuring Activities

Restructuring charges are reported as a separate line within operating earnings in the Consolidated Statements of Earnings (Loss). Total restructuring charges were:

	Years Ended December 31,
	2022		2021		2020
Restructuring charges	$	1,912	$	1,687	$	1,830

September 2020 Plan

In September 2020, we initiated a restructuring plan focused on optimizing our manufacturing footprint and improving operational efficiency by better utilizing our systems capabilities. This plan includes transitioning certain administrative functions to a shared service center, realignment of manufacturing locations, and certain other efficiency improvement actions ("September 2020 Plan"). The restructuring cost of the September 2020 Plan is now estimated to be in the range of $3,500 to $4,500, including workforce reduction charges, building and equipment relocation charges, other contract and asset related costs. We have incurred $2,059 in program costs to date. We recorded $266 and $662 in workforce reduction costs during the three and twelve months ended December 31, 2022. The total restructuring liability associated with these actions was $634 as of December 30, 2022. There was no liability related to the September 2020 Plan as of December 31, 2021.

Other Restructuring Activities

From time to time we incur other restructuring activities that are not part of a formal plan. During the years ended December 31, 2022 and 2021, we incurred restructuring charges of $1,250 and $1,717, respectively, for exit and disposal activities at four sites, building and equipment relocation, and workforce reduction costs across the Company. The remaining restructuring liability associated with these actions was $235 and $962 at December 31, 2022 and December 31, 2021, respectively.

The following table displays the restructuring liability activity for all plans for the year ended December 31, 2022:

Restructuring liability at January 1, 2022	$	962
Restructuring charges		1,912
Cost paid		(2,003	)
Other activities(1)		(2	)
Restructuring liability at December 31, 2022	$	869

(1)Other charges include the effects of currency translation, non-cash asset write-downs, travel, legal and other charges.

The total liability of $869 is included in accrued expenses and other liabilities at December 31, 2022.