Restructuring

3 Months Ended

Mar. 31, 2013

Restructuring [Abstract]

Restructuring

3. Restructuring

The Company implemented several restructuring initiatives in prior years in connection with the closure or consolidation of facilities in North America, Europe, South America, Australia and Asia. The Company also implemented a restructuring initiative that involved the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to December 31, 2010 and continued to execute these initiatives through March 31, 2013. The majority of the costs associated with these initiatives were incurred shortly after the original implementation. However, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities. The total expense incurred related to these actions amounted to $303 and $126 for the three months ended March 31, 2012 and 2013, respectively. As of March 31, 2013 there is a liability of $130 associated with these initiatives recorded on the Company’s condensed consolidated balance sheet.

In the first quarter of 2011, the Company initiated the closure of a facility in North America and announced the decision to establish a centralized shared services function in Europe. The majority of the costs have been recognized, however, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities. The Company has recognized $11,519 of costs related to these initiatives. The following table summarizes the activity for these initiatives for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments			Total
Balance at January 1, 2012	$	3,443		$	848		$	—		$	4,291
Expense		237			1,152			258			1,647
Cash payments		(353	)		(2,000	)		—			(2,353	)
Utilization of reserve		—			—			(258	)		(258	)
Balance at March 31, 2012	$	3,327		$	—		$	—		$	3,327

	Employee		Other
	Separation		Exit			Asset
	Costs		Costs			Impairments			Total
Balance at January 1, 2013	$	—	$	—		$	—		$	—
Expense		—		197			87			284
Cash payments		—		(197	)		—			(197	)
Utilization of reserve		—		—			(87	)		(87	)
Balance at March 31, 2013	$	—	$	—		$	—		$	—

An other postretirement benefit curtailment gain of $1,539 for the three months ended March 31, 2012 resulted from the closure of a U.S. facility and was recorded as a reduction to restructuring expense.

In the second quarter of 2011, the Company initiated the reorganization of the Company’s French body sealing operations in relation to the joint venture agreement with Fonds de Modernisation des Equipementiers Automobiles (“FMEA”). The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $51,150 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2012	$	23,228		$	—		$	—	$	23,228
Expense		(35	)		832			—		797
Cash payments and foreign exchange translation		(3,783	)		(832	)		—		(4,615	)
Balance at March 31, 2012	$	19,410		$	—		$	—	$	19,410

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2013	$	2,054		$	—		$	—	$	2,054
Expense		145			580			—		725
Cash payments and foreign exchange translation		(452	)		(580	)		—		(1,032	)
Balance at March 31, 2013	$	1,747		$	—		$	—	$	1,747

During 2012, the Company initiated the restructuring of facilities in Europe to change the Company’s European footprint to improve the Company’s operating performance. The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $22,756 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2013:

	Employee			Other
	Separation			Exit		Asset
	Costs			Costs		Impairments		Total
Balance at January 1, 2013	$	13,507		$	—	$	—	$	13,507
Expense		2,004			—		—		2,004
Cash payments and foreign exchange translation		(6,621	)		—		—		(6,621	)
Balance at March 31, 2013	$	8,890		$	—	$	—	$	8,890

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621. As of March 31, 2013 there is a liability of $1,621 associated with this initiative recorded on the Company’s condensed consolidated balance sheet. No additional expense is expected to be incurred related to this initiative.