Subsequent Events Subsequent Events (Notes)

9 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

On November 5, 2014, the Company committed to a restructuring plan (the “Plan”) that will result in relocation of the St. Charles machine part operations to other facilities within the Company. As part of the Plan, the St. Charles machine part operations are expected to cease in the second quarter of 2015. Necessary equipment and assets used in these machining operations will be relocated to other facilities.

The Company estimates that it will incur aggregate pre-tax charges of between $900 and $1,100 to implement the Plan, which includes (i) anticipated expenditures of between $300 and $400 in employee severance and retention costs and (ii) approximately $600 to $700 in other shut-down related expenditures. The Company expects to pay these charges in cash. The Company will record charges starting in the fourth quarter of 2014 continuing into the second quarter of 2015. The Plan is expected to generate over $1,500 in recurring annual savings.