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Other Operating Expense
 3 Months Ended
Mar. 31, 2021
Other Income And Expenses [Abstract]  
Other Operating Expense

Note 13 — Other Operating Expense

 

We had restructuring charges of $11.9 million for the quarter ended March 31, 2021 primarily related to severance. Anticipated future cash payments as of March 31, 2021 were $15.9 million. For the quarter ended March 31, 2020, other operating expense consisted of $14.7 million of costs primarily related to the terminated merger agreement with Woodward, Inc.

 

 

 

 

 

 

 

Activity for the Quarter Ended March 31, 2021

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

 

 

 

 

Cash

 

 

 

 

 

 

March 31,

 

(In Millions)

2020

 

 

Charge

 

 

FX Impact

 

 

Paid

 

 

Non-Cash

 

 

2021

 

Employee termination

$

14.2

 

 

$

10.0

 

 

$

(0.6

)

 

$

(7.7

)

 

$

—

 

 

$

15.9

 

Impairment and other

 

—

 

 

 

1.9

 

 

 

—

 

 

 

(2.7

)

 

 

0.8

 

 

 

-

 

Total

$

14.2

 

 

$

11.9

 

 

$

(0.6

)

 

$

(10.4

)

 

$

0.8

 

 

$

15.9