Note 16 - Restructuring Activities

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

16. RESTRUCTURING ACTIVITIES

During both the three and six months ended June 30, 2014, the Company recorded $404 of restructuring expense relating to the elimination of certain positions in both the Graphic Solutions and the Performance Materials segments. During the three and six months ended June 30, 2013, the Company recorded $46 and $1,652, respectively, of restructuring expense primarily relating to the elimination of certain positions in both the Graphic Solutions and the Performance Materials segments. As of June 30, 2014, the Company has accrued restructuring costs of $1,325 that are anticipated to be paid out in the next twelve months.

Restructuring expense was as follows for the three and six month periods ended June 30, 2014 and 2013:

	For the three months ended June 30,				For the six months ended June 30,
	2014		2013		2014		2013
	(Successor)		(Predecessor)		(Successor)		(Predecessor)

Severance and other benefits	$	404	$	46	$	404	$	1,652
Total restructuring expense	$	404	$	46	$	404	$	1,652

The activity in the restructuring liabilities for the Successor and Predecessor Six Month Periods was as follows:

			For the Successor Period
Successor	Balance, December 31, 2013		Charges to Expense		Cash Payments			Non-cash Adjustments			Balance, June 30, 2014
Graphic Solutions:
Severance and other benefits	$	699	$	179	$	(291	)	$	-		$	587
Total Graphics Solutions		699		179		(291	)		-			587

Performance Materials:
Severance and other benefits		1,330		225		(741	)		(76	)		738
Total Performance Materials		1,330		225		(741	)		(76	)		738

Total restructuring liability	$	2,029	$	404	$	(1,032	)	$	(76	)	$	1,325

			For the Predecessor Period
Predecessor	Balance, December 31, 2012		Charges to Expense		Cash Payments			Non-cash Adjustments			Balance, June 30, 2013
Graphic Solutions:
Severance and other benefits	$	-	$	1,508	$	(643	)	$	-		$	865
Total Graphics Solutions		-		1,508		(643	)		-			865

Performance Materials:
Severance and other benefits		632		144		(112	)		(9	)		655
Total Performance Materials		632		144		(112	)		(9	)		655

Total restructuring liability	$	632	$	1,652	$	(755	)	$	(9	)	$	1,520

- 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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