Restructuring Charges

3 Months Ended

Mar. 31, 2019

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 2019 and 2018 primarily related to facility transitions in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2019 activity in the accrued restructuring balances related to the restructuring activities initiated prior to March 31, 2019:

		Balance as of						Foreign			Balance as of
		December 31,		Restructuring			Cash	Exchange			March 31,
(in thousands)			2018		Charges		Payment	Adjustments			2019
2019 Restructuring:
	Severance	$	—	$	236	$	(130)	$	—	$	106
	Other exit costs		—		93		(31)		—		62
			—		329		(161)		—		168

2018 Restructuring:
	Severance		282		—		(282)		—		—
	Other exit costs		918		228		(1,051)		—		95
			1,200		228		(1,333)		—		95
2017 Restructuring:
	Other exit costs		135		—		—		(1)		134
			135		—		—		(1)		134
Total		$	1,335	$	557	$	(1,494)	$	(1)	$	397