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Restructuring Costs
3 Months Ended
Mar. 31, 2018
Restructuring and Related Activities [Abstract]  
Restructuring Costs
Restructuring Costs
During the first quarter of 2017, the Company announced a plan to reduce our workforce at our Vennixeux, France site by approximately 50%.  This reduction is an effort to align the Company’s cost structure with our ongoing and future planned projects. In July 2017, the Company completed negotiations with the works council for our French operations and received approval from the French Labor Commission (DIRECCTE) to implement the plan. The reduction is substantially complete at March 31, 2018. Restructuring charges of $153 and $2,653 were recognized during the three months ended March 31, 2018 and 2017, respectively. The following table sets forth activities for the Company’s cost reduction plan obligations for the three months ended March 31, 2018 and 2017:
Severance Obligation:
 
2018
 
2017
 
 
 
 
 
Balance of restructuring accrual at January 1,
 
$
1,000

 
$

Charges for employee severance, benefits and other
 
153

 
2,653

Payments
 
(359
)
 

Foreign currency impact
 
30

 

Balance of restructuring accrual at March 31,
 
$
824

 
$
2,653


The restructuring accrual at March 31, 2018 and 2017 is included in the condensed consolidated balance sheet in Accrued expenses.