Restructuring Activities

12 Months Ended

Dec. 31, 2014

Restructuring Activities [Abstract]

Restructuring Activities

3. Restructuring Activities

Activity and liability balances related to restructuring costs for the years ended December 31, 2013 and 2014 are as follows:

			2013							2014
	Liability at				Cash Payments			Liability at				Cash Payments			Liability at
	December 31,		New		and Other			December 31,		New		and Other			December 31,
	2012		Charges		Settlements			2013		Charges		Settlements			2014
Severance costs	$	122	$	1,239	$	(1,361	)	$	-	$	1,778	$	(1,778	)	$	-
Transportation of equipment		-		100		(100	)		-		-		-			-
Other restructuring costs		-		48		(48	)		-		54		(54	)		-
Total	$	122	$	1,387	$	(1,509	)	$	-	$	1,832	$	(1,832	)	$	-

During the year ended December 31, 2014, the Company incurred severance costs associated with restructuring of management and sales teams after the acquisitions of Power Solutions and Connectivity Solutions.

During 2012, Bel initiated the closure of its Cinch North American manufacturing facility in Vinita, Oklahoma, and transition of  the operations to Reynosa, Mexico and a new facility in McAllen, Texas.  The Company recorded $5.2 million related to this restructuring during 2012, comprised primarily of $3.2 million in severance costs, $1.4 million related to asset disposals and $0.6 million of other expenses.  The Cinch restructuring continued into early 2013 and the Company incurred an additional $1.4 million of restructuring costs in 2013 related to these efforts, as detailed in the table above.  These amounts are classified as restructuring charges on the consolidated statements of operations.