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Supplemental Financial Information
 9 Months Ended
Sep. 30, 2020
Supplemental Income Statement Elements [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Restructuring and Impairment Charges
The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Restructuring charges$9,027 $(1)$9,027 $948 
Impairment charges386 581 386 1,537 
Total restructuring and impairment charges$9,413 $580 $9,413 $2,485 
Our PES, ACS and EMS operating segments incurred $6.3 million, $2.9 million and $0.2 million of restructuring and impairment charges, respectively, for the three and nine months ended September 30, 2020.
Restructuring Charges
During the third quarter of 2020, we commenced manufacturing footprint optimization plans involving certain Europe and Asia manufacturing locations, primarily impacting our PES and ACS operating segments, in order to achieve greater cost competitiveness as well as align capacity with end market demand. We expect the majority of the restructuring activities to be completed by the end of the first half of 2021. Severance activity related to the manufacturing footprint optimization plan is presented in the table below for the nine months ended September 30, 2020:
(Dollars in thousands)Manufacturing Footprint Optimization Restructuring Severance
Balance as of December 31, 2019$— 
Provisions8,754 
Payments(5)
Foreign currency translation adjustment(78)
Balance as of September 30, 2020$8,671 
In 2018, we made the decision to consolidate our Santa Fe Springs, California operations into our facilities in Carol Stream, Illinois and Bear, Delaware, which was completed as of December 31, 2019. We recorded immaterial expense and $0.9 million of expense for the three and nine months ended September 30, 2019, respectively, related to this facility consolidation.
Impairment Charges
We recognized $0.4 million of impairment charges, primarily related to fixed assets in Belgium, for the three and nine months ended September 30, 2020. We recognized $0.6 million and $1.5 million in impairment charges on certain assets in connection with the Isola USA Corp. (Isola) asset acquisition for the three and nine months ended September 30, 2019, respectively.
Other Operating (Income) Expense, Net
The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Lease income$— $(57)$— $(932)
Depreciation on leased assets— 179 — 1,729 
Loss on sale or disposal of property, plant and equipment(4)2 49 278 
Economic incentive grants— — (145)— 
Total other operating (income) expense, net$(4)$124 $(96)$1,075 
In connection with the transitional leaseback of a portion of the facility and certain machinery and equipment acquired from Isola in August 2018, we recognized lease income of $0.1 million and $0.9 million for the three and nine months ended September 30, 2019, respectively, and related depreciation on leased assets of $0.2 million and $1.7 million, respectively, for the three and nine months ended September 30, 2019.
Interest Expense, Net
The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows:
Three Months EndedNine Months Ended
(Dollars in thousands)September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Interest on revolving credit facility$612 $1,873 $3,079 $6,303 
Interest rate swap settlements2,769 (40)3,191 (241)
Line of credit fees112 125 430 378 
Debt issuance amortization costs138 138 414 414 
Interest on finance leases35 29 100 92 
Interest income(135)(398)(724)(1,262)
Other22 20 49 39 
Total interest expense, net$3,553 $1,747 $6,539 $5,723