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Restructuring Costs
9 Months Ended
Sep. 30, 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 Venissieux, 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 September 30, 2018. Restructuring charges of $65 and restructuring income of $549 were recognized during the three months ended September 30, 2018 and 2017, respectively and restructuring charges of $268 and $3,173 during the nine months ended September 30, 2018 and 2017, respectively. The restructuring income resulted from a retirement indemnity curtailment gain of $549 in the three months ended September 30, 2017 associated with the reduction of certain defined benefit retirement plan liabilities due to the reduction in force. The following table sets forth activities for the Company’s cost reduction plan obligations for the nine months ended September 30, 2018 and 2017:
Severance Obligation:
 
2018
 
2017
 
 
 
 
 
Balance of restructuring accrual at January 1,
 
$
1,000

 
$

Charges for employee severance, benefits and other
 
268

 
3,722

Payments
 
(668
)
 
(2,164
)
Foreign currency impact
 
(19
)
 
368

Balance of restructuring accrual at September 30,
 
$
581

 
$
1,926


The restructuring accrual at September 30, 2018 and 2017 is included in the condensed consolidated balance sheet in Accrued expenses.