XML 40 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On July 19, 2016, as part of its facility restructuring actions previously announced on November 19, 2015, the Company announced it will transfer all wire harness production from its manufacturing facility in Monona, Iowa to its facility in Agua Prieta, Mexico. We anticipate the transfer of production from the Monona facility to the Agua Prieta facility will be substantially complete by March 31, 2017.

On July 21, 2016, the Company announced that it will close its Shadyside, Ohio facility that performs assembly and stamping activities. These activities will be transferred to alternative facilities or sourced to local suppliers. We anticipate the closure of the Shadyside facility will be substantially complete by June 30, 2017.
On July 21, 2016, the Company announced the closure of its administrative offices in Wixom, Michigan. In connection with the closure of the Wixom office, the Company will incur immaterial charges.

Refer to Footnote 17 Restructuring for a summary of expenditures to date and future expenditures relating to the above restructuring activity.