Other Operating Expense (Income)

12 Months Ended

Dec. 31, 2020

Other Income And Expenses [Abstract]

Other Operating Expense (Income)

Note 11 — Other Operating Expense (Income) 

We had restructuring charges of $42.8 million for the year ended December 31, 2020 of which $10.1 million related to asset impairments as part of the planned closure of our Windsor, Colorado plant and the remainder was for severance costs related to additional job reductions. Anticipated future cash payments as of December 31, 2020 were $14.2 million. The remaining $15.1 million of other operating expenses relates to the terminated merger with Woodward, Inc. There were no other operating expenses in 2019, however, in 2018 we recorded restructuring expenses of $7.7 million primarily for employee related costs from an action taken at one of our European facilities to improve operational efficiency and productivity.

	December 31,		Restructuring				Cash						December 31,
(In millions)	2019		Charge		FX Impact		Paid			Non-Cash			2020
Employee termination	$	1.6	$	32.3	$	0.1	$	(20.6	)	$	0.8		$	14.2
Impairment and other		—		10.5		—		(1.0	)		(9.5	)		—
Total	$	1.6	$	42.8	$	0.1	$	(21.6	)	$	(8.7	)	$	14.2