Rationalization Charges

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Note 2. Rationalization Charges

We continually evaluate cost reduction opportunities across each of our businesses, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns. Rationalization charges by business segment were as follows:



	Three Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
	(Dollars in thousands)
Metal containers	$	—	$	333	$	—	$	1,383
Closures	862		245		1,487		245
Plastic containers	—		355		962		656
	$	862	$	933	$	2,449	$	2,284

Activity in reserves for our rationalization plans for the six months ended June 30, was as follows:



	Employee Severance and Benefits			Plant Exit Costs			Non-Cash Asset Write-Down			Total
	(Dollars in thousands)
Balance at December 31, 2013	$	4,116		$	1,418		$	—		$	5,534
Charged to expense	1,538			1,082			(171		)	2,449
Utilized and currency translation	(4,081		)	(1,666		)	171			(5,576		)
Balance at June 30, 2014	$	1,573		$	834		$	—		$	2,407

Rationalization reserves were included in the Condensed Consolidated Balance Sheets as accrued liabilities.

Remaining expenses and cash expenditures for our rationalization plans of $3.5 million and $5.9 million, respectively, are expected primarily in 2014.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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