Restructuring Charges

12 Months Ended

Dec. 31, 2015

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, reorganizing our management and other activities.

The Company recognized restructuring charges during 2015, 2014 and 2013 primarily related to the closure of facilities in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions.

The following table summarizes the 2015 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2015:


			Balance as of								Foreign		Balance as of
			December 31,		Restructuring		Cash		Non-Cash		Exchange		December 31,
(in thousands)			2014		Charges		Payment		Activity		Adjustments		2015
2015 Restructuring:
	Severance	$	—	$	2,542	$	(2,289)	$	—	$	(31)	$	222
	Lease facility costs		—		2,462		(1,534)		—		—		928
	Other exit costs		—		3,301		(1,986)		(1,121)		(8)		186
Total		$	—	$	8,305	$	(5,809)	$	(1,121)	$	(39)	$	1,336

The components of the restructuring charges initiated during 2015 were as follows:

(in thousands)		Americas		Asia		Europe		Total
Severance costs	$	1,564	$	506	$	472	$	2,542
Facility lease costs		2,462		—		—		2,462
Other exit costs		3,099		—		202		3,301
	$	7,125	$	506	$	674	$	8,305

During 2015, the Company recognized $2.5 million of employee termination costs associated with the involuntary terminations of 1,076 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 223, 842, and 11 for the Americas, Asia and Europe, respectively.

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 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 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.