Quarterly report pursuant to Section 13 or 15(d)

Restructuring

v3.20.2
Restructuring
3 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
During the three months ended June 30, 2020, we enacted certain restructuring initiatives to align our current cost structure with the present decline in demand for our products and services primarily due to COVID-19 and depressed oil prices. Moreover, the Company eliminated approximately 111 hourly and salaried positions and incurred $2,921 in one-time severance costs during the three months ended June 30, 2020, which was recorded to marketing, general and administrative and engineering in our condensed consolidated statements of operations and comprehensive income.
Restructuring costs by reportable segment were as follows:
Three Months Ended June 30, 2020
United States and Latin America $ 2,063   
Canada 858   
Europe, Middle East and Africa —   
Asia-Pacific —   
  $ 2,921   

Restructuring activity related to accrued severance recorded to accrued liabilities in the condensed consolidated balance sheets is summarized as follows for the three months ended June 30, 2020:
June 30, 2020
Beginning balance $ —   
Costs incurred 2,921   
Less cash payments (2,301)  
Ending balance $ 620