Restructuring (Tables)

6 Months Ended

Jun. 30, 2018

Restructuring and Related Activities [Abstract]

Summary of restructuring and related costs

During the quarter and six months ended June 30, 2018, the Company recorded pre-tax expenses related to the 2017 Restructuring as follows (in thousands):



	Quarter Ended June 30, 2018
	Infrastructure Solutions		Corrosion Protection		Total
Severance and benefit related costs	$	1,001	$	196	$	1,197
Lease and contract termination costs	309		—		309
Relocation and other moving costs	34		—		34
Other restructuring costs ⁽¹⁾	1,210		163		1,373
Total pre-tax restructuring charges ⁽²⁾	$	2,554	$	359	$	2,913

__________________________


⁽¹⁾	Includes charges primarily related to certain wind-down costs, allowances for accounts receivable, fixed asset disposals and other restructuring-related costs in connection with exiting non-pipe-related contract applications for the Tyfo^® system in North America and right-sizing the CIPP operations in Australia and Denmark.


⁽²⁾	Includes less than $0.1 million of corporate-related restructuring charges that have been allocated to the Infrastructure Solutions and Corrosion Protection reportable segments.



	Six Months Ended June 30, 2018
	Infrastructure Solutions		Corrosion Protection		Total
Severance and benefit related costs	$	1,866	$	402	$	2,268
Lease and contract termination costs	837		150		987
Relocation and other moving costs	74		—		74
Other restructuring costs ⁽¹⁾	3,310		1,518		4,828
Total pre-tax restructuring charges ⁽²⁾	$	6,087	$	2,070	$	8,157

__________________________


⁽¹⁾	Includes charges primarily related to certain wind-down costs, allowances for accounts receivable, fixed asset disposals and other restructuring-related costs in connection with exiting non-pipe-related contract applications for the Tyfo^® system in North America and right-sizing the CIPP operations in Australia and Denmark.


⁽²⁾	Includes $0.6 million of corporate-related restructuring charges that have been allocated to the Infrastructure Solutions and Corrosion Protection reportable segments.

The following tables summarize all charges related to the 2017 Restructuring recognized in the quarter and six month period ended June 30, 2018 as presented in their affected line in the Consolidated Statements of Operations (in thousands):



	Quarter Ended June 30, 2018
	Infrastructure Solutions		Corrosion Protection		Total ⁽¹⁾
Operating expenses	$	1,210	$	163	$	1,373
Restructuring and related charges	1,344		196		1,540
Total pre-tax restructuring charges	$	2,554	$	359	$	2,913

__________________________


⁽¹⁾	Total pre-tax restructuring charges include cash charges of $2.3 million and non-cash charges of $0.6 million. Cash charges consist of charges incurred during the quarter that will be settled in cash, either during the current period or future periods.



	Six Months Ended June 30, 2018
	Infrastructure Solutions		Corrosion Protection		Total ⁽¹⁾
Operating expenses	$	3,310	$	1,518	$	4,828
Restructuring and related charges	2,777		552		3,329
Total pre-tax restructuring charges	$	6,087	$	2,070	$	8,157

__________________________


⁽¹⁾	Total pre-tax restructuring charges include cash charges of $5.2 million and non-cash charges of $3.0 million. Cash charges consist of charges incurred during the quarter that will be settled in cash, either during the current period or future periods.

Summary of restructuring activity

The following table summarizes the 2017 Restructuring activity during the first six months of 2018 (in thousands):



	Reserves at December 31, 2017		2018 Charge to Income		Foreign Currency Translation			Utilized in 2018				Reserves at June 30, 2018
	Reserves at December 31, 2017		2018 Charge to Income		Foreign Currency Translation			Cash⁽¹⁾		Non-Cash		Reserves at June 30, 2018
Severance and benefit related costs	$	3,864	$	2,268	$	(9	)	$	2,993	$	—	$	3,130
Lease and contract termination costs	650		987		(9		)	1,041		—		587
Relocation and other moving costs	—		74		—			74		—		—
Other restructuring costs	675		4,828		—			2,373		2,980		150
Total pre-tax restructuring charges	$	5,189	$	8,157	$	(18	)	$	6,481	$	2,980	$	3,867

__________________________


⁽¹⁾	Refers to cash utilized to settle charges during the first six months of 2018.