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Restructuring, Integration, and Other Charges
 3 Months Ended
Mar. 28, 2015
Restructuring Charges [Abstract]  
Restructuring, Integration and Other Charges [Text Block]
Restructuring, Integration, and Other Charges

During the first quarters of 2015 and 2014, the company recorded restructuring, integration, and other charges of $16,196 ($12,569 net of related taxes or $.13 per share on both a basic and diluted basis) and $11,614 ($8,020 net of related taxes or $.08 per share on both a basic and diluted basis), respectively.

The following table presents the components of the restructuring, integration, and other charges:
 
 
Quarter Ended
 
 
March 28,
2015
 
March 29,
2014
Restructuring and integration charge - current period actions
 
$
9,310

 
$
10,169

Restructuring and integration charges - actions taken in prior periods
 
410

 
162

Acquisition-related expenses
 
6,476

 
1,283

 
 
$
16,196

 
$
11,614



2015 Restructuring and Integration Charge

The following table presents the components of the 2015 restructuring and integration charge of $9,310 and activity in the related restructuring and integration accrual for the first quarter of 2015:
 
 
Personnel
Costs
 
Facilities Costs
 
Other
 
Total
Restructuring and integration charge
 
$
7,844

 
$
664

 
$
802

 
$
9,310

Payments
 
(2,034
)
 
(217
)
 
(29
)
 
(2,280
)
Non-cash usage
 
—

 
—

 
(607
)
 
(607
)
Foreign currency translation
 
(46
)
 
—

 
(26
)
 
(72
)
Balance as of March 28, 2015
 
$
5,764

 
$
447

 
$
140

 
$
6,351



The restructuring and integration charge of $9,310 for the first quarter of 2015 includes personnel costs of $7,844, facilities costs of $664, and other costs of $802. These restructuring initiatives are due to the company's continued efforts to lower cost and drive operational efficiency. Integration costs are primarily related to the integration of acquired businesses within the company's pre-existing business and the consolidation of certain operations.

2014 Restructuring and Integration Charge

The following table presents the activity in the restructuring and integration accrual for the first quarter of 2015 related to the 2014 restructuring and integration:

 
 
Personnel 
Costs
 
Facilities Costs
 
Other
 
Total
Balance as of December 31, 2014
 
$
8,622

 
$
2,479

 
$
1,247

 
$
12,348

Restructuring and integration charge
 
245

 
10

 
302

 
557

Payments
 
(3,460
)
 
(646
)
 
(327
)
 
(4,433
)
Non-cash usage
 
—

 
—

 
(409
)
 
(409
)
Foreign currency translation
 
(589
)
 
(97
)
 
—

 
(686
)
Balance as of March 28, 2015
 
$
4,818

 
$
1,746

 
$
813

 
$
7,377






Restructuring and Integration Accruals Related to Actions Taken Prior to 2014

The following table presents the activity in the restructuring and integration accruals for the first quarter of 2015 related to restructuring and integration actions taken prior to 2014:

 
 
Personnel
Costs
 
Facilities Costs
 
Other
 
Total
Balance as of December 31, 2014
 
$
2,519

 
$
3,025

 
$
91

 
$
5,635

Restructuring and integration charges (credits)
 
(368
)
 
221

 
—

 
(147
)
Payments
 
(804
)
 
(955
)
 
(5
)
 
(1,764
)
Non-cash usage
 
—

 
(51
)
 
—

 
(51
)
Foreign currency translation
 
(163
)
 
13

 
(9
)
 
(159
)
Balance as of March 28, 2015
 
$
1,184

 
$
2,253

 
$
77

 
$
3,514



Restructuring and Integration Accrual Summary

In summary, the restructuring and integration accruals aggregate $17,242 at March 28, 2015, all of which are expected to be spent in cash, and are expected to be utilized as follows:

•
The accruals for personnel costs totaling $11,766 relate to the termination of personnel and are primarily expected to be spent within one year. 

•
The accruals for facilities totaling $4,446 relate to vacated leased properties that have scheduled payments of $3,086 in 2015, $1,034 in 2016, $134 in 2017, and $192 in 2018.

•
Other accruals of $1,030 are expected to be spent within one year.

Acquisition-Related Expenses

Included in restructuring, integration, and other charges for the first quarter of 2015 are acquisition-related expenses of $6,476 consisting of charges related to contingent consideration for acquisitions completed in prior years which were conditional upon the financial performance of the acquired companies and the continued employment of the selling shareholders, as well as professional fees directly related to recent acquisition activity.

Included in restructuring, integration, and other charges for the first quarter of 2014 are acquisition-related expenses of $1,283, primarily consisting of professional fees directly related to recent acquisition activity.