Restructuring Activities

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Activities

Restructuring Activities

Restructuring costs of $0.1 for the three months ended March 31, 2022, were primarily related to moving and employee severance costs relative to restructuring at our Beasley, Texas, Houston, Texas and Tulsa, Oklahoma facilities. Restructuring costs of $0.7 for the first three months of 2021 were primarily related to headcount reductions and facility relocation and moving expenses associated with a transfer of operations from our Tulsa, Oklahoma facility to our Beasley, Texas location. This project was a cost reduction measure within our Heat Transfer Systems segment to continue to structure the business for profitable growth and capacity efficiency.

We are closely monitoring our end markets and order rates and will continue to take appropriate and timely actions as necessary.

The following table summarizes severance and other restructuring costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other:

	Three Months Ended March 31,
	2022		2021
Severance:
Cost of sales	$	0.1	$	—
Selling, general, and administrative expenses	(0.1)		0.3
Total severance costs	—		0.3
Other restructuring:
Cost of sales	0.1		0.4
Selling, general, and administrative expenses	—		—
Total other restructuring costs	0.1		0.4
Total restructuring costs	$	0.1	$	0.7

The following tables summarize our restructuring activities:

	Three Months Ended March 31, 2022
	Cryo Tank Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Corporate		Consolidated
Balance at December 31, 2021	$	0.4	$	0.5	$	—	$	1.4	$	—	$	2.3
Restructuring charges	—		0.1		—		—		—		0.1
Cash payments and other	(0.3)		(0.6)		—		—		—		(0.9)
Balance at March 31, 2022	$	0.1	$	—	$	—	$	1.4	$	—	$	1.5

	Three Months Ended March 31, 2021
	Cryo Tank Solutions		Heat Transfer Systems		Specialty Products		Repair, Service & Leasing		Corporate		Consolidated
Balance at December 31, 2020	$	0.5	$	0.2	$	—	$	—	$	0.1	$	0.8
Restructuring charges	0.3		0.4		—		—		—		0.7
Cash payments and other	(0.3)		(0.6)		—		—		(0.1)		(1.0)
Balance at March 31, 2021	$	0.5	$	—	$	—	$	—	$	—	$	0.5