Restructuring and Related Activities

6 Months Ended

Jun. 30, 2020

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure [TextBlock]

Note 7 – Restructuring and Related Activities

As previously disclosed in its 2019 Form 10-K, in the third quarter of 2019, the Company’s management approved a global

restructuring plan (the “QH Program”) as part of its plan to realize certain cost synergies associated with the Combination. The QH

Program includes restructuring and associated severance costs to reduce total headcount by approximately 325 people globally and

plans for the closure of certain manufacturing and non-manufacturing facilities. The exact timing and total costs associated with the

QH Program will depend on a number of factors and is subject to change; however, the Company currently expects reduction in

headcount and site closures to continue to occur during 2020 and 2021 under the QH Program and estimates that total costs related to

the QH Program will approximate one-times the anticipated cost synergies realized from the QH Program. Employee separation

benefits will vary depending on local regulations within certain foreign countries and will include severance and other benefits.

All costs incurred to date relate to severance costs to reduce headcount as well as costs to close certain facilities and are recorded

in restructuring and related charges in the Company’s Condensed Statements of Operations. As described in Note 4 of Notes to

Condensed Consolidated Financial Statements, restructuring and related charges are not included in the Company’s calculation of

reportable segments’ measure of operating earnings and therefore these costs are not reviewed by or recorded to reportable segments.

Activity in the Company’s accrual for restructuring under the QH Program for the six months ended June 30, 2020 is as follows:

QH Program

Accrued restructuring as of December 31, 2019

$

18,043

Restructuring and related charges

2,202

Cash payments

(9,592)

Currency translation adjustments

(221)

Accrued restructuring as of June 30, 2020

$

10,432

In connection with the plans for closure of certain manufacturing and non-manufacturing facilities, the Company made a decision

to make available for sale certain facilities during the second quarter of 2020 resulting in the reclassification of approximately $

11.7

million of buildings and land to other current assets as of June 30, 2020.