Restructuring Charges

12 Months Ended

Dec. 31, 2019

Restructuring Charges [Abstract]

Restructuring Charges

Note 19—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, 2018 and 2017 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 2019 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2019:

		Balance as of									Foreign		Balance as of
		December 31,		Restructuring			Cash		Non-Cash		Exchange		December 31,
(in thousands)			2018		Charges		Payment		Activity	Adjustments			2019
2019 Restructuring:
	Severance	$	—	$	6,449	$	(2,493)	$	—	$	—	$	3,956
	Other exit costs		—		1,597		(653)		(944)		—		—
			—		8,046		(3,146)		(944)		—		3,956
2018 Restructuring:
	Severance		282		—		(282)		—		—		—
	Other exit costs		918		461		(1,379)		—		—		—
			1,200		461		(1,661)		—		—		—
2017 Restructuring:
	Severance		—		—		—		—		—		—
	Other exit costs		135		—		(124)		—		(11)		—
			135		—		(124)		—		(11)		—
Total		$	1,335	$	8,507	$	(4,931)	$	(944)	$	(11)	$	3,956

	The components of the restructuring charges initiated during 2019 were as follows:
(in thousands)			Americas		Asia		Europe		Total
	Severance costs	$	4,499	$	1,950	$	—	$	6,449
	Other exit costs		1,561		36		—		1,597
		$	6,060	$	1,986	$	—	$	8,046

During 2019, the Company recognized $6.4 million of employee termination costs associated with the involuntary terminations (both executed and planned) of 468 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 386, 81 and 1 for the Americas, Asia and Europe, respectively.

The following table summarizes the 2018 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to December 31, 2018:

			Balance as of								Foreign			Balance as of
			December 31,		Restructuring			Cash		Non-Cash	Exchange			December 31,
(in thousands)				2017		Charges		Payment		Activity	Adjustments			2018
	2018 Restructuring:
		Severance	$	—	$	2,815	$	(2,533)	$	—	$	—	$	282
		Other exit costs		—		1,773		(855)		—		—		918
				—		4,588		(3,388)		—		—		1,200
	2017 Restructuring:
		Severance		47		3		(50)		—		—		—
		Lease facility costs		—		96		(96)		—		—		—
		Other exit costs		198		270		(309)		—		(24)		135
				245		369		(455)		—		(24)		135
	2016 Restructuring:
		Severance		29		(6)		(23)		—		—		—
		Other exit costs		16		246		(146)		(116)		—		—
				45		240		(169)		(116)		—		—
	Total		$	290	$	5,197	$	(4,012)	$	(116)	$	(24)	$	1,335

The components of the restructuring charges initiated during 2018 were as follows:
(in thousands)			Americas		Asia		Europe		Total
	Severance costs	$	2,496	$	274	$	45	$	2,815
	Other exit costs		1,773		—		—		1,773
		$	4,269	$	274	$	45	$	4,588

During 2018, the Company recognized $2.8 million of employee termination costs associated with the involuntary terminations (both executed and planned) of 490 employees in connection with reductions in workforce worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 432, 23 and 35 for the Americas, Asia and Europe, respectively.

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 (both executed and planned) 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.