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Restructuring Charges
 9 Months Ended
Sep. 27, 2015
Restructuring Charges [Abstract]  
Restructuring Charges
Note 4.Restructuring Charges

During 2014, the Company announced a restructuring program that will result in a 10% permanent reduction of its workforce.  The reductions include elimination of duplicate corporate functions, deployment of our shared service model, and consolidation and alignment of various corporate functions and regional locations across the Company.
 
At September 27, 2015, we had $7.0 million included within accrued liabilities within our Condensed Consolidated Balance Sheets for cash expenditures needed to satisfy remaining obligations under these workforce reduction initiatives.  The Company expects to pay these amounts by the end of March 2016.

The following table is a reconciliation of our restructuring liability balance as of September 27, 2015:
 
  
(millions of dollars)
 
Restructuring liability, December 31, 2014
 
$
14.6
 
Additional provisions
  
6.2
 
Cash payments
  
(10.9
)
Other adjustments
  
(2.9
)
Restructuring liability,  Sept. 27, 2015
 
$
7.0
 
 
The following table outlines the amount of restructuring charges recorded within the Consolidated Statements of Income.

  
Three Months Ended
  
Nine Months Ended
 
(millions of dollars)
 
Sept. 27,
2015
  
Sept. 28,
2014
  
Sept. 27,
2015
  
Sept. 28,
2014
 
  
  
  
  
 
Restructuring Charges
 
$
5.2
  
$
5.8
  
$
6.2
  
$
11.8
 
Impairment of Assets
  
5.3
   
-
   
21.1
   
-
 
Total restructuring and other charges
 
$
10.5
  
$
5.8
  
$
27.3
  
$
11.8
 

During the third quarter and first nine months of 2015, the Company incurred impairment charges of $5.3 million and $21.1 million, respectively, for underutilized equipment which was abandoned by the Company for its Coiled Tubing business, within the Energy Services segment.  During the third quarter and first nine months of 2015, the Company recorded restructuring charges of $5.2 million and $6.2 million, respectively, for lease termination costs, reduction in force, and inventory write-offs associated with exiting the Coiled Tubing service line and restructuring other on-shore service lines within the Energy Services segment.