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Exit Activity Costs and Asset Impairments
 12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Exit Activity Costs and Asset Impairments EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS
The Company has incurred exit activity costs and asset impairment charges as a result of its 80/20 simplification and portfolio management initiatives. These initiatives have resulted in the identification of low-volume, low margin, internally-produced products which have been or will be outsourced or discontinued, the simplification of processes, in the sale and exiting of less profitable businesses or products lines, and the reduction in our manufacturing footprint.
Exit activity costs were incurred during 2021 related to moving and closing costs, severance and contract terminations, along with asset impairment charges related to the write-down of inventory and impairment of machinery and equipment associated with discontinued product lines, as a result of process simplification initiatives. In conjunction with these initiatives, in 2021, the Company closed four facilities. In 2020, the Company closed two facilities and, separately, sold a facility closed in 2017. The Company closed and consolidated one facility during 2019. These closures resulted in exit activity costs and asset impairment charges.
The following table sets forth the exit activity costs and asset impairment charges incurred by segment during the years ended December 31 related to the restructuring activities described above (in thousands):
202120202019
Exit activity costsAsset impairment chargesTotalExit activity costsAsset impairment chargesTotalExit activity costsAsset impairment chargesTotal
Renewables$4,769 $1,193 $5,962 $15 $— $15 $66 $— $66 
Residential393 — 393 731 9 740 3,440 417 3,857 
Agtech1,687 — 1,687 860 72 932 — (9)(9)
Infrastructure 26 — 26 226 — 226 — — — 
Corporate145 — 145 375 — 375 1,660 — 1,660 
Total exit activity costs & asset impairments$7,020 $1,193 $8,213 $2,207 $81 $2,288 $5,166 $408 $5,574 
The following table provides a summary of where the above exit activity costs and asset impairments are recorded in the consolidated statements of operations for the years ended December 31 (in thousands):
202120202019
Cost of sales$6,176 $1,059 $767 
Selling, general, and administrative expense2,037 1,229 4,807 
Total exit activity costs and asset impairments$8,213 $2,288 $5,574 
The following table reconciles the beginning and ending liability for exit activity costs relating to the Company’s facility consolidation efforts (in thousands):
20212020
Balance as of January 1$1,030 $2,083 
Exit activity costs recognized7,020 2,207 
Cash payments(7,778)(3,260)
Balance as of December 31$272 $1,030