XML 146 R125.htm IDEA: XBRL DOCUMENT v3.3.1.900
Restructuring and Other Restructuring and Other Reported in Consolidated Statements of Income (Footnote) (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Sep. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
employee
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Restructuring Cost and Reserve [Line Items]                
Number of employee reduction | employee         230      
Workforce reduction charges         $ 33,400 $ 0 $ 0 $ 33,361 [1]
Workforce reduction charges net of tax         $ 21,900      
Impairment of ongoing project     $ 3,300          
Impairment of ongoing project, net of tax     $ 2,100          
Contract Termination                
Restructuring Cost and Reserve [Line Items]                
Restructuring items related to exit of business or contract   $ 6,500   $ 14,000   0 23,521 [2] 0
Restructuring items related to exit of business or contract, net of tax   $ 4,300   9,300        
Asset impairment charges       3,000        
Asset impairment charges, net of tax       $ 1,900        
Phosphorus Flame Retardant Business Exit                
Restructuring Cost and Reserve [Line Items]                
Exit of phosphorus flame retardants business $ 6,800         $ 6,804 [3] $ 0 [3] $ 0 [3]
Exit of phosphorus flame retardants business, net of tax $ 5,400              
[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] 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.
[3] 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.