Impairment on assets held for sale (Notes)

12 Months Ended

Dec. 31, 2015

Impairment of assets held for sale [Abstract]

Asset Impairment Charges [Text Block]

Impairment on Assets Held for Sale

On November 16, 2015, our Board of Directors authorized us to close our Vrable, Slovakia manufacturing facility. The closure is to enable for greater efficiency of our Ensenada, Mexico facility. The expected completion date for the closure is during the third quarter of 2016. In correlation with the Board's authorization we reclassified the land and building related to the Slovakia facility as held for sale, as such we record the value of those assets at the lower of their carrying value or their estimated fair value, less costs to sell. A third party fair market valuation on the held for sale assets resulted in an impairment charge of $4.1 million. The impairment charge is separately stated in our consolidated statements of income above income from operations.