Restructuring and Impairment Charges

9 Months Ended

Sep. 30, 2019

Restructuring and Related Activities [Abstract]

Restructuring and Impairment Charges

Note 17 – Restructuring and Impairment Charges

In 2018, we made the decision to consolidate our Santa Fe Springs, California operations into the Company’s facilities in Carol Stream, Illinois and Bear, Delaware. We recorded no expense for the three months ended September 30, 2019, and $0.9 million of expense for the nine months ended September 30, 2019, related to the facility consolidation. We recorded $0.5 million and $1.0 million of expense related to this project in the three and nine months ended September 30, 2018, respectively. The fair value of the total severance benefits paid in connection with the facility consolidation was $0.5 million. The total severance costs were expensed ratably over the required service period for the affected employees. All severance expenses were recorded as of December 31, 2018, and the final severance payments were made in the first quarter of 2019.

The following table presents severance activity related to the facility consolidation for the nine months ended September 30, 2019:

(Dollars in thousands)	Severance Related to Facility Consolidation
Balance as of December 31, 2018	$	523
Provisions	—
Payments	(523		)
Balance as of September 30, 2019	$	—

We recognized $0.6 million and $1.5 million in impairment charges for the three and nine months ended September 30, 2019, respectively, primarily related to certain assets in connection with the Isola USA Corp. (Isola) asset acquisition.