Restructuring Charges

9 Months Ended

Sep. 30, 2020

Restructuring Charges [Abstract]

Restructuring Charges

Note 13 – Restructuring Charges

The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities.

The Company recognized restructuring charges during 2020 and 2019 primarily related to facility transitions in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2020 activity in the accrued restructuring balances related to the restructuring activities initiated prior to September 30, 2020:

		Balance as of							Foreign			Balance as of
		December 31,		Restructuring			Cash	Non-Cash	Exchange			September 30,
(in thousands)			2019		Charges		Payment	Activity	Adjustments			2020
2020 Restructuring:
	Severance	$	—	$	5,119	$	(1,391)	(25)	$	—	$	3,703
	Leased facilities and equipment		—		148		(3)	(145)		—		—
	Other exit costs		—		210		(40)	—		—		170
			—		5,477		(1,434)	(170)		—		3,873
2019 Restructuring:
	Severance		3,956		(1,183)		(2,470)	(72)		—		231
	Leased facilities and equipment		—		3,070		(1,491)	(1,144)		—		435
	Other exit costs		—		1,373		(384)	(729)		—		260
			3,956		3,260		(4,345)	(1,945)		—		926
Total		$	3,956	$	8,737	$	(5,779)	(2,115)	$	—	$	4,799

In addition, during the nine months ended September 30, 2020, we incurred $5.7 million and $1.0 million in costs related to asset impairments in the Americas and Asia, respectively.