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

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

  Three months ended September 30,   Nine months ended September 30,
(in thousands) 2013 2012   2013 2012
 Machine Clothing $2,250 $2,739   $26,673 $6,315
 Engineered Composites  6  -    540  -
 Unallocated expenses  -  -    -  (166)
 Total $2,256 $2,739   $27,213 $6,149

 

Nine months ended September 30, 2013

(in thousands)
Total restructuring costs incurred  Termination and other costs Impairment of plant and equipment  Benefit plan curtailment/ settlement
 Machine Clothing $26,673 $26,837  $ - ($164)
 Engineered Composites  540  452  88  -
 Unallocated expenses  -  -  -  -
 Total $27,213 $27,289 $88 ($164)

 

Nine months ended September 30, 2012

(in thousands)
Total restructuring costs incurred  Termination and other costs Impairment of plant and equipment  Benefit plan curtailment/ settlement
 Machine Clothing $6,315 $6,315  $ -  $ -
 Engineered Composites  -  -  -  -
 Unallocated expenses  (166)  380  (546)  -
 Total $6,149 $6,695 ($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 September 30, 2013
Total $4,947 $25,860 ($5,529) $609 $25,887

 

(in thousands) December 31, 2011 Restructuring charges accrued Payments Currency translation/other September 30, 2012
Total $6,979 $6,579 ($6,395) $6 $7,169