Restructuring and Related Activities

12 Months Ended

Dec. 31, 2021

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure [Text Block]

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 into 2022 under 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, including customary and routine adjustments to initial

estimates for employee separation costs, as well as costs to close certain facilities and are recorded in Restructuring and related

charges in the Company’s Consolidated Statements of Income. As described in Note 4 of Notes to 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 years ended December 31, 2021 and 2020 is as

follows:

QH Program

Accrued restructuring as of December 31, 2019

$

18,043

Restructuring and related charges

5,541

Cash payments

(15,745)

Currency translation adjustments

409

Accrued restructuring as of December 31, 2020

8,248

Restructuring and related charges

1,433

Cash payments

(5,266)

Currency translation adjustments

(328)

Accrued restructuring as of December 31, 2021

$

4,087

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

decision to make available for sale certain facilities. During the years ended December 31, 2021 and 2020, certain of these facilities

were sold and the Company recognized a gain of $

5.4

 million in 2021 and a loss of approximately $

0.6

 million in 2020 which is

included within other income (expense), net on the Consolidated Statement of Income. Additionally, certain buildings and land with

an aggregate book value of approximately $

0.7

 million continues to be held-for-sale as of December 31, 2021 and are recorded in

prepaid expenses and other current assets on the Company’s Consolidated Balance Sheet. The Company will continue to evaluate for

future decisions about making certain other facilities available for sale.