Restructuring Charges

3 Months Ended

Mar. 31, 2016

Restructuring Charges [Abstract]

Restructuring Charges

Note 13 – 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 moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our managementand other activities.

The Company recognized restructuring charges during 2016 and 2015primarily 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 2016 activity in the accrued restructuring balances related to the restructuring activities initiated prior to March 31,2016:

		Balance as of						Foreign			Balance as of
		December 31,		Restructuring			Cash	Exchange			March 31,
(in thousands)			2015		Charges		Payment	Adjustments			2016
2016 Restructuring:
	Severance	$	-	$	1,403	$	(1,403)	$	-	$	-
	Other exit costs		-		459		(459)		-		-
			-		1,862		(1,862)		-		-
2015 Restructuring:
	Severance		222		-		(151)		3		74
	Leased facilities and equipment		928		-		(516)		-		412
	Other exit costs		186		(22)		(164)		-		-
			1,336		(22)		(831)		3		486
Total		$	1,336	$	1,840	$	(2,693)	$	3	$	486