XML 36 R22.htm IDEA: XBRL DOCUMENT v3.6.0.2
RESTRUCTURING
12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
RESTRUCTURING
RESTRUCTURING


The Company committed to and implemented various restructuring plans in 2014, 2015 and 2016. Included in those plans were the the relocation of the machining operations in Savannah, Georgia and St. Charles, Missouri, and the relocation of the sheet-metal fabrication operation in Wichita, Kansas to other facilities within the Company. In addition, the Company closed its Melbourne, Australia and Greenville, South Carolina engineering offices, eliminated additional management positions within the Engineering Services segment and closed its Coweta, Oklahoma and Fort Worth, Texas manufacturing facilities. Other employment separation activities, which were primarily severance related, 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:
 
 
Year ended December 31,
 
 
2016
 
2015
 
2014
Fort Worth facility closure
 
$

 
$

 
$
287

Savannah machining operations relocation
 

 

 
47

St. Charles machine parts operations relocation
 

 
150

 
228

Coweta machining facility closure
 

 
94

 

Greenville office closure
 
(26
)
 
449

 

Australia office closure
 

 
47

 

Wichita sheet metal fabrication operations relocation
 
265

 

 

Other employment separation activities
 
973

 
1,582

 
2,023

Total
 
$
1,212

 
$
2,322

 
$
2,585

 
 
 
 
 
 
 
Expense incurred by segment:
 
 
 
 
 
 
Aerostructures
 
$
1,218

 
$
1,108

 
$
2,074

Engineering Services
 
(6
)
 
1,214

 
511

Total
 
$
1,212

 
$
2,322

 
$
2,585


The Company expects to incur no additional expenses associated with the above restructuring activities.

In addition to the expenses detailed in the table above, the Company incurred additional project expenses of $295, $1,265 and $1,361 in the years ended December 31, 2016, 2015 and 2014, respectively, related to the integration of work affected by these restructuring plans and accelerated depreciation of assets disposed of at affected facilities.

Cash payments associated with these restructuring plans of $1,182, $2,806 and $2,268 were made in the years ended December 31, 2016, 2015 and 2014, respectively.
 
Employee
 
 
 
 
 
Severance
 
Other
 
Total
Accrued restructuring balance as of December 31, 2014
$
739

 
$

 
$
739

Accrual additions
2,194

 
128

 
2,322

Cash payments
(2,771
)
 
(35
)
 
(2,806
)
Accrued restructuring balance as of December 31, 2015
$
162

 
$
93

 
$
255

Accrual additions
1,238

 
(26
)
 
1,212

Cash payments
(1,115
)
 
(67
)
 
(1,182
)
Accrued restructuring balance as of December 31, 2016
$
285

 
$

 
$
285



Accrued restructuring of $285 at December 31, 2016 is expected to be paid in the first quarter of 2017.