Restructuring and Asset Impairment Charges

3 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

During the quarter ended March 31, 2015, the Company announced the first phase of a global restructuring plan focusing on efficiency and cost improvements. The Company reviewed origin and corporate operations and initiatives were implemented to increase operational efficiency and effectiveness. These initiatives continue to occur as the Company restructures certain operations not meeting strategic business objectives and performance metrics. During the three months ended June 30, 2015, the Company recorded $375 of additional employee severance charges and $2,573 of asset impairment charges in connection with the restructuring of certain operations primarily in Africa. The asset impairment charges are for unrecoverable tobacco supplier advances and tobacco production property and equipment due to exiting and redefining the Company’s position in certain African markets. At June 30, 2015, the costs of any future initiatives are not estimable.

The following table summarizes the restructuring charges recorded in the Company’s reporting segments during the three months ended June 30, 2015 and 2014, respectively:

	Three Months Ended June 30,
Restructuring and Asset Impairment Charges	2015			2014
Employee separation and other cash charges:
Beginning balance	$	8,087		$	397
Period charges:
Severance charges	375			—
Total period charges	375			—
Payments through June 30	(1,246		)	(296		)
Ending balance June 30	$	7,216		$	101
Asset impairment and other non-cash charges	$	2,573		$	—
Total restructuring charges for the period	$	2,948		$	—

On April 1, 2015, the Company revised its reportable segments. See Note 1 "Basis of Presentation and Significant Accounting Policies" to the "Notes to Condensed Consolidated Financial Statements." The following table summarizes the employee separations and other cash charges recorded in the Company's North America and Other Regions segment during the three months ended June 30, 2015 and 2014:

	Three Months Ended June 30,
Employee Separation and Other Cash Charges	2015			2014
Beginning balance:	$	8,087		$	397
North America	—			—
Other regions	8,087			397
Period charges:	$	375		$	—
North America	—			—
Other regions	375			—
Payments through June 30	$	(1,246	)	$	(296	)
North America	—			—
Other regions	(1,246		)	(296		)
Ending balance June 30	$	7,216		$	101
North America	—			—
Other regions	7,216			101