3. Restructuring

Restructuring activities initiated prior to 2013

The Company implemented several restructuring initiatives in prior years including the closure or consolidation of facilities throughout the world, the establishment of a centralized shared services function in Europe and the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to January 1, 2013 and continued to execute these initiatives during 2014. 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 following table summarizes the restructuring expense for these initiatives for the three months ended March 31, 2013 and 2014:



	Three Months Ended March 31,
	2013		2014
Employee separation costs	$	2,149	$	242
Other exit costs	903		288
Asset Impairments	87		—
	$	3,139	$	530

The following table summarizes the activity in the restructuring liability for these initiatives for the three months ended March 31, 2014:



	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense	242			288			—		530
Cash payments and foreign exchange translation	(283		)	(289		)	—		(572		)
Balance at March 31, 2014	$	778		$	15		$	—	$	793

Restructuring activities initiated in 2013

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621, all of which is paid. No additional expense is expected to be incurred related to this initiative.

In the third quarter of 2013, the Company initiated the closure of a facility in Korea and the transfer of equipment to another facility in Korea. The Company has recognized $750 of costs related to this initiative and, as of March 31, 2014, this initiative was substantially completed. For the three months ended March 31, 2014, the Company recorded $128 of other exit costs related to this initiative. As of March 31, 2014, the liability associated with this initiative is $16.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $21,100 and is expected to be completed in 2016. The Company has recognized $16,459 of costs related to this initiative. The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2014:



	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	—			2,273			—		2,273
Cash payments and foreign exchange translation	(7		)	(2,273		)	—		(2,280		)
Balance at March 31, 2014	$	13,494		$	—		$	—	$	13,494

Restructuring activities initiated in 2014

In the first quarter of 2014, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $1,400 and is expected to be completed in 2014. For the three months ended March 31, 2014, the Company recorded $158 of other exit costs related to this initiative. As of March 31, 2014, there was no liability associated with this initiative.