Restructuring Charges

6 Months Ended

Jun. 30, 2018

Note 15 – 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 2018 and 2017 primarily related to facility transition and closures in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2018 activity in the accrued restructuring balances related to the restructuring activities initiated prior to June 30, 2018:

		Balance as of								Foreign			Balance as of
		December 31,		Restructuring			Cash		Non-Cash	Exchange			June 30,
(in thousands)			2017		Charges		Payment		Activity	Adjustments			2018
2018 Restructuring:
	Severance	$	—	$	974	$	(974)	$	—	$	—	$	—
	Other exit costs		—		691		(385)		—		—		306
			—		1,665		(1,359)		—		—		306
2017 Restructuring:
	Severance		47		3		(50)		—		—		—
	Leased facilities and equipment		—		96		(96)		—		—		—
	Other exit costs		198		270		(309)		—		(23)		136
			245		369		(455)		—		(23)		136
2016 Restructuring:
	Severance		29		(1)		(3)		—		—		25
	Other exit costs		16		208		(128)		(96)		—		—
			45		207		(131)		(96)		—		25
Total		$	290	$	2,241	$	(1,945)	$	(96)	$	(23)	$	467