Restructuring Charges

12 Months Ended

Dec. 31, 2014

Note 16—Restructuring Charges

The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails, among other activities, moving production between facilities, reducing staff levels, realigning our business processes and reorganizing our management.

The Company recognized restructuring charges during 2014, 2013 and 2012 primarily related to the closure of facilities, capacity reduction and reductions in workforce in certain facilities across various regions.

The following table summarizes the 2014 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2014:


			Balance as of							Foreign		Balance as of
			December 31,		Restructuring		Cash		Non-Cash	Exchange		December 31,
(in thousands)			2013		Charges		Payment		Activity	Adjustments		2014
2014 Restructuring:
	Severance	$	—	$	876	$	(876)	$	—	—	$	—
	Other exit costs		—		3		(3)		—	—		—
			—		879		(879)		—	—		—
2013 Restructuring:
	Severance		120		87		(193)		—	(14)		—
	Other exit costs		833		99		(627)		(344)	39		—
			953		186		(820)		(344)	25		—
2012 Restructuring:
	Severance		34		45		(79)		—	—		—
	Other exit costs		104		(61)		(31)		—	(12)		—
			138		(16)		(110)		—	(12)		—
Total		$	1,091	$	1,049	$	(1,809)	$	(344)	13	$	—

The components of the restructuring charges initiated during 2014 were as follows:

(in thousands)		Americas		Asia		Total
Severance costs	$	827	$	49	$	876
Other exit costs		—		3		3
	$	827	$	52	$	879

During 2014, the Company recognized $0.9 million of employee termination costs associated with the involuntary terminations of 104 employees in connection with reductions in workforce of certain facilities primarily in the Americas.

The following table summarizes the 2013 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2013:

			Balance as of								Foreign		Balance as of
			December 31,		Restructuring		Cash		Non-Cash		Exchange		December 31,
(in thousands)			2012		Charges		Payment		Activity		Adjustments		2013
2013 Restructuring:
	Severance	$	—	$	2,202	$	(2,003)	$	—	$	(79)	$	120
	Lease facility costs		—		142		(139)		—		(3)		—
	Other exit costs		—		3,246		(1,245)		(1,224)		56		833
			—		5,590		(3,387)		(1,224)		(26)		953
2012 Restructuring:
	Severance		538		660		(1,262)		—		98		34
	Lease facility costs		—		798		(328)		(466)		(4)		—
	Other exit costs		166		138		(107)		—		(93)		104
			704		1,596		(1,697)		(466)		1		138
2011 Restructuring:
	Lease facility costs		13		(102)		87		—		2		—
			13		(102)		87		—		2		—
Total		$	717	$	7,084	$	(4,997)	$	(1,690)	$	(23)	$	1,091

The components of the restructuring charges initiated during 2013 were as follows:

(in thousands)		Americas		Asia		Total
Severance costs	$	2,202	$	—	$	2,202
Facility lease costs		142		—		142
Other exit costs		2,118		1,128		3,246
	$	4,462	$	1,128	$	5,590

During 2013, the Company recognized $2.2 million of employee termination costs associated with the involuntary terminations of 144 employees in connection with reductions in workforce of certain facilities in the Americas. The identified involuntary employee terminations were primarily in connection with the closure of the Campinas, Brazil facility. The Company also reported $3.2 million for other exit costs, including $1.2 million of asset impairments, associated with the closure of the Campinas facility, and $0.1 million for facility lease obligations.

The components of the restructuring charges initiated during 2012 were as follows:

(in thousands)		Americas		Europe		Asia		Total
Severance costs	$	494	$	531	$	504	$	1,529
Facility lease costs		—		—		55		55
Other exit costs		—		176		33		209
	$	494	$	707	$	592	$	1,793

During 2012, the Company recognized $1.5 million of employee termination costs associated with the involuntary terminations of 139 employees in connection with reductions in workforce of certain facilities worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 68, 61 and 10 for the Americas, Asia and Europe, respectively.

- 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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