RESTRUCTURING

During 2015, we executed several programs to enhance operating efficiencies across our businesses, including closing distribution and production centers, consolidating manufacturing to more cost-effective locations, and reducing corporate headcount.

NobelClad Restructuring

NobelClad shifted the majority of clad metal plate production from facilities in Rivesaltes, France and Würgendorf, Germany to its manufacturing facility in Liebenscheid, Germany.

DynaEnergetics Restructuring

In the first quarter of 2015, we launched several initiatives to enhance DynaEnergetics’ operational efficiencies and align its production and distribution resources with the anticipated demands of the market. In January 2015, we closed two North American distribution centers. In February 2015, we announced the closure of a perforating gun manufacturing facility and distribution center in Edmonton, Alberta. North America perforating gun manufacturing was consolidated at DynaEnergetics existing gun facility in Whitney, Texas. We also are exiting several other distribution centers in Texas and Colombia, and the Colombia market is now served directly from our existing facilities in Texas. Two centralized distribution centers replaced the distribution centers closed.

Corporate Restructuring

In the first quarter of 2015, we restructured our corporate office by eliminating certain positions, and incurred restructuring charges associated with severance and acceleration of unvested stock awards.

Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “restructuring expenses” line item in our consolidated statement of operations:



	Three months ended March 31, 2015
	Severance		Asset Impairment		Contract Termination Costs		Equipment Moving Costs		Other Exit Costs		Total
NobelClad	$	39	$	—	$	11	$	—	$	4	$	54
DynaEnergetics	146		202		—		32		2		382
Corporate	1,560		—		—		—		—		1,560

Total	$	1,745	$	202	$	11	$	32	$	6	$	1,996

During the three months ended March 31, 2016, the changes to the restructuring liability associated with these programs is summarized below:



	December 31, 2015		Expense		Payments			Other Adjustments			Balance at March 31, 2016
Severance	$	452	$	—	$	(365	)	$	13		$	100
Contract termination costs	282		—		(51		)	(14		)	217
Equipment moving costs	—		—		—			—			—
Other exit costs	—		—		—			—			—

Total	$	734	$	—	$	(416	)	$	(1	)	$	317