RESTRUCTURING CHARGES

The following table summarizes the activity related to the accrual for restructuring charges detailed by event:



	Q2'10		Q2'12			Q1'13			Q3'13			Q3'14			Q4'14			Total 2014 Activity
	(in thousands)
Balance at January 1, 2014 - Restructuring Accrual	$	281	$	897		$	22,949		$	1,314		$	—		$	—		$	25,441
Charges (credits) - Employee termination costs, net of change in estimate	—		—			(2,077		)	(292		)	1,397			14,854			13,882
Non-cash - Other	—		—			—			—			(321		)	—			(321		)
Payments - Employee termination costs	—		(878		)	(16,773		)	(1,018		)	(55		)	(346		)	(19,070		)
Payments - Other	—		—			—			—			—			—			—
Foreign exchange (gain) loss	—		—			(111		)	5			(101		)	—			(207		)
Balance at December 31, 2014 - Restructuring Accrual	$	281	$	19		$	3,988		$	9		$	920		$	14,508		$	19,725



	Q2'10			Q2'12			Q4'12			Q1'13			Q3'13			Total 2013 Activity
	(in thousands)
Balance at January 1, 2013 - Restructuring Accrual	$	439		$	7,418		$	8,365		$	—		$	—		$	16,222
Charges (credits) - Employee termination costs, net of change in estimate	—			(13		)	(1,720		)	44,084			2,043			44,394
Charges - Other	—			—			—			453			—			453
Payments - Employee termination costs	(158		)	(6,508		)	(6,400		)	(21,873		)	(723		)	(35,662		)
Payments - Other	—			—			(229		)	(453		)	—			(682		)
Foreign exchange (gain) loss	—			—			(16		)	738			(6		)	716
Balance at December 31, 2013 - Restructuring Accrual	$	281		$	897		$	—		$	22,949		$	1,314		$	25,441

Non-cash charges (see discussion below)	$	—		$	—		$	68		$	5,111		$	—		$	5,179



	Q3'08			Q2'10			Q2'12			Q4'12			Total 2012 Activity
	(in thousands)
Balance at January 1, 2012 - Restructuring Accrual	$	301		$	1,846		$	—		$	—		$	2,147
Charges - Employee termination costs, net of change in estimate	—			924			11,724			10,843			23,491
Charges - Other	—			—			—			495			495
Payments - Employee termination costs	(301		)	(1,902		)	(4,486		)	(2,973		)	(9,662		)
Foreign exchange (gain) loss	—			(429		)	180			—			(249		)
Balance at December 31, 2012 - Restructuring Accrual	$	—		$	439		$	7,418		$	8,365		$	16,222

The Company records restructuring liabilities related to workforce reductions when the accounting recognition criteria are met and consistent with management's approval and commitment to the restructuring plans in each particular quarter. The restructuring plans identify the number of employees to be terminated, job classifications and functions, location and the date the plan is expected to be completed.

2014 Restructuring Charges

Restructuring charges were recorded in the third and fourth quarter of 2014. The charges primarily related to workforce reductions in France. These actions were intended to align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. In connection with formulating this restructuring plan, during the third and fourth quarters of 2014, the Company confidentially negotiated and developed a “social plan” in coordination and consultation with the local Works Council. This social plan, which is subject to French law, set forth general parameters, terms and benefits for both voluntary and involuntary employee dismissals.

The Company expects to incur restructuring charges in 2015 related to workforce reductions anticipated to occur with respect to the Company's decision to exit the XSense business.

2013 Restructuring Charges

Restructuring charges were recorded in the first and third quarters of 2013. The charge in the first quarter of 2013 was primarily related to workforce reductions at our subsidiaries in Rousset, France ("Rousset"), Nantes, France (“Nantes”), and Heilbronn, Germany ("Heilbronn"). The charge in the third quarter of 2013 related primarily to workforce reduction in the U.S. and Norway.

Rousset and Nantes

In 2013, each of Rousset and Nantes restructured operations to further align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. In connection with formulating these restructuring plans, during the first quarter of 2013, Rousset and Nantes each confidentially negotiated and developed “social plans” in coordination and consultation with their respective local Works Councils. These social plans, which are subject to French law, set forth general parameters, terms and benefits for both voluntary and involuntary employee dismissals. The restructuring charges related to Rousset and Nantes were $32.9 million, including net non-cash charges of $5.1 million. Total net non-cash charges comprised impairment charges of $6.7 million, which was partially offset by pension curtailment gain of $1.6 million, as discussed further below.

Substantially all of the affected employees ceased active service as of June 30, 2014. There were no significant changes to the plan and no material modifications or changes were made after implementation began.

The Company vacated a building in Rousset, France in September 2013. Due to ongoing restructuring activities, the Company evaluated the carrying value of this building and a building located in Greece which is also no longer used in operations. Based on this evaluation, the Company determined that the Rousset and Greece buildings with carrying amounts of $10.1 million and $2.7 million, respectively, were impaired and wrote them down to their estimated fair value of $5.0 million and $1.1 million, respectively. Total impairment charges of $6.7 million were recorded as restructuring expense. Fair value was based on independent third-party appraisal or estimated selling price.

As a result of these workforce reductions, the Company recognized pension curtailment gain of $1.6 million in the fourth quarter of 2013 upon termination of the affected employees. Such amount was recorded as a credit to the total restructuring expense in 2013.

Heilbronn

In 2013, Heilbronn, and a related site in Ulm, Germany, restructured operations to further align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. In connection with formulating this restructuring plan, initial discussions with local Works Councils in Heilbronn and Ulm began in the first quarter of 2013. The restructuring charges related to Heilbronn were $15.8 million.

The Company anticipates all affected employees will cease active service on or before the end of the fourth quarter of 2015. The Company is not expecting significant changes to the plan or material modifications or changes after implementation.

The restructuring charges recorded in the first quarter of 2013 also included $0.9 million relating to U.S. and other countries.

U.S. and Norway

Restructuring charges recorded in 2013 were primarily related to workforce reductions in the U.S. and Norway amounting to $2.0 million. The workforce reductions were designed to further align operating expenses with macroeconomic conditions and revenue outlook, and to improve operational efficiency, competitiveness and business profitability. Restructuring charges related to these workforce reductions were paid to affected employees after their dismissal date.

There have been no significant changes to the plan, and no material modifications or changes have been made after the implementation began.

2012 Restructuring Charges

Restructuring charges were recorded in the second and fourth quarters of 2012. The charge in the second quarter of 2012 related primarily to workforce reductions at the Company's subsidiaries in Heilbronn and in the U.S. The charge in the fourth quarter of 2012 related primarily to workforce reductions in the U.S. and at certain European and Asian subsidiaries.

Heilbronn

In connection with formulating a workforce-reduction plan in Heilbronn, initial discussions with the local Works Council began in the first quarter of 2012. The workforce reduction was intended to improve Heilbronn's operating efficiency, competitiveness and business profitability. The restructuring charges recorded in 2012 related to Heilbronn were $8.5 million.

Substantially all of the affected employees ceased active service as of December 31, 2013. There were no significant changes to the plan and no material modifications or changes were made after implementation began.

U.S. and other locations

With respect to the restructuring charge recorded in the second quarter of 2012, the Company started formulating the underlying restructuring plan during the second quarter. With respect to the restructuring charge recorded in the fourth quarter of 2012, the Company started formulating the underlying restructuring plan during the third quarter. These workforce reductions were designed to further align the Company's global operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. The restructuring charges recorded in 2012 related to U.S. and other locations were $14.6 million, including $0.5 million related to a building lease termination.

All affected employees have ceased active service. There were no significant changes to the plans and no material modifications or changes were made after implementation began.