Thailand Flood-Related Items, Net Of Insurance

12 Months Ended

Dec. 31, 2016

Thailand Flood Related Charges [Abstract]

Thailand Flood Related Charges

Note 17—Thailand Flood-Related Items, Net of Insurance

The Company’s facilities in Ayudhaya, Thailand were flooded and remained closed from October 13, 2011 to December 20, 2011. As a result of the flooding and temporary closure, the Company incurred property losses and flood related costs during 2012 and 2011, which were partially offset by insurance recoveries. The recovery process with the insurance carriers was completed in the first quarter of 2014 and resulted in a gain of $1.6 million of insurance proceeds.

Also during 2014, the Company completed the sale of its Tianjin, China subsidiary for $5.7 million resulting in a $1.5 million gain.