Note 16 - Restructuring Activities

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

16.  RESTRUCTURING ACTIVITIES

The Company continuously evaluates all operations to identify opportunities to improve profitability by leveraging existing infrastructure to reduce operating costs and respond to overall economic conditions.  The Predecessor implemented certain restructuring actions which were intended to better align the Company’s manufacturing capacity, eliminate excess capacity by lowering operating costs, and streamline the organizational structure for improved long-term profitability. The restructuring actions consist of facility consolidations and closures and employee terminations.  The Company expects to incur incremental manufacturing costs at the operating locations impacted by the restructuring actions during the related restructuring implementation period. The restructuring plans initiated in the three months ended March 31, 2013 primarily related to the consolidation of manufacturing processes which affected a manufacturing facility in the Graphic Solutions segment.

During the three months ended March 31, 2013, the Company recorded $1,606 of restructuring expense primarily relating to the elimination of certain positions in both the Graphic Solutions and the Performance Materials segments.  There were no restructuring charges recorded for the three months ended March 31, 2014. As of March 31, 2014, the Company has accrued restructuring costs of $1,311 that are anticipated to be paid out in the next twelve months.

The activity in the restructuring liabilities for the three months ended March 31, 2014 (Successor) and 2013 (Predecessor) was as follows:

			For the Successor Period
Successor	Balance, December 31, 2013		Charges to Expense		Cash Payments			Non-cash Adjustments		Total Costs  and  Adjustments			Balance, March 31, 2014
Graphic Solutions:
Severance and other benefits	$	699	$	-	$	(202	)	$		$	(202	)	$	497
Total Graphics Solutions		699		-		(202	)		-		(202	)		497
Performance Materials:
Severance and other benefits		1,330				(516	)				(516	)		814
Total Performance Materials		1,330		-		(516	)		-		(516	)		814
Total restructuring liability	$	2,029	$	-	$	(718	)	$	-	$	(718	)	$	1,311

			For the Predecessor Period
Predecessor	Balance, December 31, 2012		Charges to Expense		Cash Payments			Non-cash Adjustments			Total Costs and  Adjustments			Balance, March 31, 2013
Graphic Solutions:
Severance and other benefits	$	-	$	1,504	$	(57	)	$	-		$	1,447		$	1,447
Total Graphics Solutions		-		1,504		(57	)		-			1,447			1,447
Performance Materials:
Severance and other benefits		632		102		(85	)		(19	)		(2	)		630
Total Performance Materials		632		102		(85	)		(19	)		(2	)		630
Total restructuring liability	$	632	$	1,606	$	(142	)	$	(19	)	$	1,445		$	2,077