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Restructuring (Tables)
6 Months Ended
Jun. 30, 2013
Restructuring [Abstract]  
Schedule of Restructuring Charges

The following table summarizes charges reported in the Statements of Operations under "Restructuring and other":

    Three months ended
June 30,
  Six months ended
June 30,
(in thousands)   2013   2012   2013   2012
 Machine Clothing   $24,230     $2,903     $24,423     $3,576  
 Engineered Composites     91     -     534     -  
 Unallocated expenses   -     249     -     (166 )
 Total     $24,321     $3,152     $24,957     $3,410  

 

   Six months ended June 30, 2013

   (in thousands)
  Total restructuring costs incurred    Termination and other costs     Impairment of plant and equipment    Benefit plan curtailment/ settlement  
 Machine Clothing   $24,423   $24,587   $       -   ($164)
 Engineered Composites     534   446   88  
 Unallocated expenses   -   -   -  
 Total     $24,957   $25,033   $88   ($164)

 

 

   Six months ended June 30, 2012

   (in thousands)
  Total restructuring costs incurred    Termination and other costs     Impairment of plant and equipment    Benefit plan curtailment/ settlement  
 Machine Clothing   $3,576   $3,576   $       -    $       -
 Engineered Composites     -   -     -
 Unallocated expenses   (166)   380   (546)   -
 Total     $3,410   $3,956   ($546)   $       -
Schedule of Restructuring Liability

We expect that substantially all accruals for restructuring liabilities will be paid within one year. The table below presents year-to-date changes in restructuring liabilities for 2013 and 2012 all of which related to termination costs:

(in thousands) December 31, 2012 Restructuring charges accrued Payments Currency translation/
other
June 30,
2013
Total $4,947 $24,869 ($2,576) ($269) $26,971

 

(in thousands) December 31, 2011 Restructuring charges accrued Payments Currency translation/
other
June 30,
2012
Total $6,979 $3,830 ($2,778) ($243) $7,788