Restructuring

The Company committed to and implemented various restructuring plans in 2014 and 2015. Included in those plans were the closure of the Precise Machine facility in Fort Worth, Texas and the relocation of the machining operations in both Savannah, Georgia and St. Charles, Missouri to other facilities within the Company. Other employment separation activities were also implemented as part of the Company's overall reorganization and cost reduction initiatives. The expense associated with these plans was reflected in the selling, general, and administrative section on a separate line of the Condensed Consolidated Statements of Comprehensive Income (Loss). The following table summarizes the incurred charges associated with these restructuring activities:



	Expense Recognized		Expense Recognized
	Quarter Ended March 31, 2015		Quarter Ended March 31, 2014
	(In Thousands)
Precise Machine facility closure	$	—	$	93
Savannah machining operations relocation	—		41
St. Louis machine parts operations relocation	171		—
Other employment separation activities	104		294
Total	$	275	$	428

The Savannah, Georgia and the Precise plans were completed in the second quarter of 2014. The St. Louis plan is expected to be completed by the second quarter of 2015.

Cash payments were made associated with these restructuring plans of $328 and $134 in the three months ended March 31, 2015 and March 31, 2014, respectively.

The following table summarizes the incurred and expected charges associated with these restructuring activities:



	Expense		Remaining		Total Expense
	Incurred through		Expense to be		Expected to be
	March 31, 2015		Incurred		Incurred
			(In Thousands)
Employee severance arrangement - Precise	$	615	$	—	$	615
Employee severance arrangement - Savannah	47		—		47
Employee severance arrangement - St. Charles	349		45		394
Other employee severance arrangements	2,062		—		2,062
Lease termination costs - Precise	124		—		124
Other restructuring expenses	115		—		115
Total	$	3,312	$	45	$	3,357

As of March 15, 2015, the Company also incurred and recognized approximately $67 in other project costs, largely related to integration expense and accelerated depreciation on property, plant and equipment at its St. Charles facility. These expenses are recognized in the cost of goods sold and selling, general, and administrative expense in the Consolidated Statements of Comprehensive Income (Loss).

The following table summarizes restructuring activity related to the Precise Machine facility closure, the Savannah machining relocation, St. Charles facility closure and other employee separation activities:



	Employee
	Severance

Accrued restructuring balance as of December 31, 2014	$	739
Accrual additions	275
Cash payments	(328		)
Accrued restructuring balance as of March 31, 2015	$	686

Accrued restructuring of $686 at March 31, 2015 is expected to be paid over the next two quarters.