Restructuring Activities

6 Months Ended

Jul. 02, 2016

Restructuring and Related Activities [Abstract]

Restructuring Activities

Restructuring Activities

Summary of 2015 Restructuring Plans

In September 2015, management approved and commenced implementation of several restructuring actions, including organizational re-alignment, consolidation and relocation of the New York facilities that was completed in December 2015, closure of the Houston facility that was completed in December 2015, and closure of the St. Louis facility that was completed in April 2016, all of which are part of our overall strategy to streamline operations. We have recorded cumulative expenses of $2.2 million for severance and benefits and loss on early exit from leases. We do not expect to record additional expenses related to these restructuring plans.

As of July 2, 2016, we have accrued $0.1 million for severance and benefits and early exit from lease in the Electronic Systems segment and $0.7 million for severance and benefits and loss on early exit from lease in the Structural Systems segment, all of which were charged to selling, general and administrative expenses.

Summary of 2016 Restructuring Plan

In May 2016, management approved and commenced implementation of the closure of one of our Tulsa facilities that was completed in June 2016, and is part of our overall strategy to streamline operations. We have recorded cumulative expenses of $0.2 million for severance and benefits and loss on early exit from a lease. We do not expect to record additional expenses related to this restructuring plan.

As of July 2, 2016, we have accrued $0.1 million for loss on early exit from lease in the Electronic Systems segment, all of which were charged to selling, general and administrative expenses.

Our restructuring activities in the six months ended July 2, 2016 were as follows (in thousands):

	December 31, 2015		Six Months Ended July 2, 2016							July 2, 2016
	Balance		Charges		Cash Payments			Change in Estimates		Balance
Severance and benefits	$	722	$	47	$	(571	)	$	—	$	198
Lease termination	1,181		133		(400		)	—		914
Ending balance	$	1,903	$	180	$	(971	)	$	—	$	1,112