Facility Consolidation Facility Consolidation

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

During 2012, the Company announced a plan to consolidate various small facilities to improve efficiencies and reduce overhead costs in order to improve profitability and cash flows. As part of this program, two facilities were closed and operations transferred to other existing facilities (one in the fourth quarter of 2012 and the other in the third quarter of 2013), one operation was consolidated from four separate buildings into two in the fourth quarter of 2013, and the majority of equipment from a fourth operation was either transferred to another facility or written off and closed in the first quarter of 2014. The program also involved a reduction in the hourly workforce and management group at other facilities. All of the affected facilities and manpower reductions were within the Advanced Materials and Other segments.

Costs associated with the consolidation program included severance and related manpower costs, equipment write-downs, equipment relocations, and other related costs. These costs were included in the Consolidated Statements of Income as follows:



(Thousands)	2014		2013
Cost of sales	$	433	$	1,812
Selling, general, and administrative expense	104		2,805
Other-net	170		1,373
Total	$	707	$	5,990

Included in these costs are equipment write-offs of $1.2 million in 2013 that resulted from the abandonment of equipment with no realizable value.

An accrual totaling $2.0 million, primarily for severance and other manpower costs associated with this program, was recorded on the Company's balance sheet as of December 31, 2013. In 2014, the Company also recognized an incremental $0.7 million charge primarily related to facility maintenance costs. Cash payments associated with this program totaled $2.5 million in 2014, primarily related to severance. The accrual balance remaining at December 31, 2014 is $0.2 million.

- 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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