Restructuring Activities

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Restructuring Activities

The Company incurred restructuring expenses of $3.2 million and $0.7 million in the three months ended June 30, 2014 and 2013, respectively, and $3.3 million and $2.3 million in the six months ended June 30, 2014 and 2013, respectively.

In the Paper segment, restructuring expenses were $0.4 million for the three months ended June 30 2013 and $1.5 million for the six months ended June 30, 2013, primarily related to severance and early retirement expenses in the French operations for ongoing accruals over the remaining service lives of affected employees related to previously announced actions.

The Reconstituted Tobacco segment restructuring and impairment expenses were $3.2 million and $0.3 million for the three months ended June 30, 2014 and 2013, respectively, and $3.3 million and $0.8 million for the six months ended June 30, 2014 and 2013, respectively. During the three months ended June 30, 2014, restructuring expenses primarily related to a voluntary early retirement program at our Spay, France facility. The 2013 expenses were for severance and early retirement expenses in the French operations for ongoing accruals over the remaining service lives of affected employees related to previously announced actions.

Restructuring liabilities were classified within Accrued Expenses in each of the consolidated balance sheets as of June 30, 2014 and December 31, 2013. Changes in the restructuring liabilities, substantially all of which are employee-related, during the periods ended June 30, 2014 and December 31, 2013 are summarized as follows ($ in millions):



	Six Months Ended			Year Ended
	June 30, 2014			December 31, 2013
Balance at beginning of year	$	4.7		$	3.4
Accruals for announced programs	3.3			3.9
Cash payments	(2.4		)	(2.7		)
Exchange rate impacts	—			0.1
Balance at end of period	$	5.6		$	4.7

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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