Restructuring and Related Activities

3 Months Ended

Mar. 31, 2021

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure [TextBlock]

Note 7 – Restructuring and Related Activities

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 in the third quarter of 2019. The QH Program includes restructuring and associated

severance costs to reduce total headcount by approximately 400 people globally, as well as 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 throughout 2021 under the QH Program and estimates that anticipated costs synergies realized from the QH

Program will approximate one-times the restructuring costs incurred. 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 three months ended March 31, 2021 is as

follows:

QH Program

Accrued restructuring as of December 31, 2020

$

8,248

Restructuring and related charges

1,175

Cash payments

(3,034)

Currency translation adjustments

(419)

Accrued restructuring as of March 31, 2021

$

5,970