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Restructuring Activities
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
Restructuring credits of $1.0 for the year ended December 31, 2022, were primarily related to reversal of prior restructuring accruals for employee retention at our Houston, Texas facility, and offset restructuring related costs in the segment in 2022.
Restructuring costs of $3.5 for the year ended December 31, 2021, were primarily related to moving and employee severance costs. During the third quarter of 2021, we announced our intention to transfer our Houston, Texas repair and service operations to our Beasley, Texas location.
During 2020, we implemented certain cost reduction actions across all segments and corporate to appropriately size our workforce with demand as well as eliminate redundant work. Costs were primarily related to headcount reductions. These actions resulted in total restructuring costs of $13.6 for the year ended December 31, 2020, consisting of mainly employee severance costs of $10.1. We also transferred operations of our heat exchanger leased facility in Tulsa, Oklahoma to our Beasley, Texas location at which we own 260 acres of land and repurposed our Tulsa, Oklahoma facility as a flexible manufacturing, engineering and research and development site serving multiple applications across our operating segments. We incurred costs of $2.7 in 2020 related to this project, which is included in total restructuring costs for the year ended December 31, 2020.
We closely monitor our end markets and order rates and continue to take appropriate and timely actions as necessary.
The following table summarizes severance and other restructuring (credits) and costs, which includes employee-related costs, facility rent and exit costs, relocation, recruiting, travel and other, for the years ended December 31, 2022, 2021 and 2020:
Year Ended December 31,
202220212020
Severance:
Cost of sales$— $0.4 $4.6 
Selling, general, and administrative expenses— 0.8 5.5 
Total severance costs— 1.2 10.1 
Other restructuring:
Cost of sales(1.0)2.2 1.1 
Selling, general, and administrative expenses — 0.1 2.4 
Total other restructuring (credits) costs(1.0)2.3 3.5 
Total restructuring (credits) costs$(1.0)$3.5 $13.6 
The following tables summarize our restructuring accrual activities:
Year Ended December 31, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateTotal
Balance as of December 31, 2021$0.4 $0.5 $— $1.4 $— $2.3 
Restructuring charges0.1 0.3 — (1.4)— (1.0)
Cash payments and other(0.4)(0.8)0.1 — — (1.1)
Balance as of December 31, 2022$0.1 $— $0.1 $— $— $0.2 
Year Ended December 31, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateTotal
Balance as of December 31, 2020$0.5 $0.2 $— $— $0.1 $0.8 
Restructuring charges0.3 1.7 — 1.5 — 3.5 
Cash payments and other(0.4)(1.4)— (0.1)(0.1)(2.0)
Balance as of December 31, 2021$0.4 $0.5 $— $1.4 $— $2.3 
Year Ended December 31, 2020
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateTotal
Balance as of December 31, 2019$0.5 $0.2 $— $— $0.2 $0.9 
Restructuring charges 2.7 7.4 0.7 0.2 2.6 13.6 
Cash payments and other(2.7)(7.4)(0.7)(0.2)(2.7)(13.7)
Balance as of December 31, 2020$0.5 $0.2 $— $— $0.1 $0.8