Restructuring Charges

12 Months Ended

Dec. 31, 2017

Note 17—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 management and other activities.

The Company recognized restructuring charges during 2017, 2016 and 2015 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 2017 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2017:


		Balance as of							Foreign	Balance as of
		December 31,		Restructuring		Cash	Non-Cash		Exchange	December 31,
(in thousands)			2016		Charges	Payment	Activity	Adjustments		2017
2017 Restructuring:
	Severance		$ —		$ 2,172	$ (2,125)	$ —		$ —	$ 47
	Lease facility costs		—		264	(264)	—		—	—
	Other exit costs		—		531	(335)	—		2	198
			—		2,967	(2,724)	—		2	245

2016 Restructuring:
	Severance		738		(42)	(667)	—		—	29
	Lease facility costs		-		58	(58)	—		—	—
	Other exit costs		545		1,953	(2,442)	(42)		2	16
			1,283		1,969	(3,167)	(42)		2	45

Total			$ 1,283		$ 4,936	$ (5,891)	$ (42)		$ 4	$ 290

	The components of the restructuring charges initiated during 2017 were as follows:

(in thousands)			Americas		Asia		Total
	Severance costs	$	1,985	$	187	$	2,172
	Lease facility costs		264		—		264
	Other exit costs		531		—		531
		$	2,780	$	187	$	2,967

During 2017, the Company recognized $2.2 million of employee termination costs associated with the involuntary terminations of 163 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 160 and 3 for the Americas and Asia, respectively.

The following table summarizes the 2016 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2016:

			Balance as of						Foreign		Balance as of
			December 31,		Restructuring		Cash	Non-Cash	Exchange		December 31,
(in thousands)				2015		Charges	Payment	Activity	Adjustments		2016
	2016 Restructuring:
		Severance		$ —		$ 3,630	$ (2,892)	$ —		$ —	$ 738
		Other exit costs		—		977	(411)	(21)		—	545
				—		4,607	(3,303)	(21)		—	1,283

	2015 Restructuring:
		Severance		222		(1)	(224)	—		3	—
		Lease facility costs		928		109	(1,037)	—		—	—
		Other exit costs		186		(22)	(164)	—		—	—
				1,336		86	(1,425)	—		3	—

	Total			$ 1,336		$ 4,693	$ (4,728)	$ (21)		$ 3	$ 1,283

The components of the restructuring charges initiated during 2016 were as follows:

(in thousands)			Americas		Asia		Europe		Total
	Severance costs	$	1,726	$	1,904	$	—	$	3,630
	Other exit costs		924		—		53		977
		$	2,650	$	1,904		53	$	4,607

During 2016, the Company recognized $3.6 million of employee termination costs associated with the involuntary terminations of 582 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 370 and 212 for the Americas and Asia, respectively.

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 672 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 223, 438, and 11 for the Americas, Asia and Europe, respectively.