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Restructuring and Other Restructuring and Other Reported in Consolidated Statements of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
[3]
Sep. 30, 2015
Jun. 30, 2015
[3]
Mar. 31, 2015
[3]
Dec. 31, 2014
Sep. 30, 2014
[3]
Jun. 30, 2014
[3]
Mar. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]                        
Severance costs                 $ 33,400 $ 0 $ 0 $ 33,361 [1]
Other restructuring costs, net                   0 2,426 [2] 0
Restructuring and other, net $ 0 $ (6,804) [3] $ 0 $ 0 $ 5,322 [3] $ 293 $ 3,332 $ 17,000 [3]   (6,804) 25,947 33,361
Contract Termination                        
Restructuring Cost and Reserve [Line Items]                        
Restructuring items related to exit of business or contract         $ 6,500     $ 14,000   0 23,521 [4] 0
Phosphorus Flame Retardant Business Exit                        
Restructuring Cost and Reserve [Line Items]                        
Exit of phosphorus flame retardants business   $ (6,800)               $ (6,804) [5] $ 0 [5] $ 0 [5]
[1] In connection with an announced realignment of our operating segments effective January 1, 2014, in the fourth quarter of 2013 we initiated a workforce reduction plan which resulted in a reduction of approximately 230 employees worldwide. In the fourth quarter of 2013 we recorded charges of $33.4 million ($21.9 million after income taxes) for termination benefits and other costs related to this workforce reduction plan. Payments under this workforce reduction plan are complete.
[2] The amount for 2014 mainly consists of $3.3 million ($2.1 million after income taxes) recorded in the second quarter for certain multi-product facility project costs that we do not expect to recover in future periods, net of other credits recorded in the fourth quarter.
[3] See Note 21, “Restructuring and Other.”
[4] In 2014, we initiated action to reduce high cost supply capacity of certain aluminum alkyl products, primarily through the termination of a third party manufacturing contract. Based on the contract termination, we estimated costs of approximately $14.0 million ($9.3 million after income taxes) in the first quarter and $6.5 million ($4.3 million after income taxes) in the fourth quarter for contract termination and volume commitments. Additionally, in the first quarter of 2014 we recorded an impairment charge of $3.0 million ($1.9 million after income taxes) for certain capital project costs also related to aluminum alkyls capacity which we do not expect to recover.
[5] In the third quarter of 2015, a gain of $6.8 million ($5.4 million after income taxes) was recognized upon the sale of land in Avonmouth, U.K., which was utilized by the phosphorus flame retardants business we exited in 2012.