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 (reversal) for these initiatives for the three and six months ended June 30, 2013 and 2014:



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2014			2013		2014
Employee separation costs (reversals)	$	712	$	(301	)	$	2,861	$	(59	)
Other exit costs (reversals)	376		(61		)	1,279		226
Asset impairments	—		—			87		—
	$	1,088	$	(362	)	$	4,227	$	167

The following table summarizes the activity in the restructuring liability for these initiatives for the six months ended June 30, 2014:



	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense (reversal)	(59		)	226			—		167
Cash payments and foreign exchange translation	(667		)	(228		)	—		(895		)
Balance at June 30, 2014	$	93		$	14		$	—	$	107

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 $911 of costs related to this initiative and, as of June 30, 2014, this initiative was substantially completed. For the three and six months ended June 30, 2014, the Company recorded $156 and $284 of other exit costs, respectively, related to this initiative. As of June 30, 2014, the liability associated with this initiative is $0.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $20,900 and is expected to be completed in 2016. The Company has recognized $19,404 of costs related to this initiative.

The following table summarizes the restructuring expense for this initiative for the three and six months ended June 30, 2013 and 2014:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Employee separation costs	$	—	$	412	$	—	$	412
Other exit costs	—		2,533		—		4,806
	$	—	$	2,945	$	—	$	5,218

The following table summarizes the activity in the restructuring liability for this initiative for the six months ended June 30, 2014:



	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	412			4,806			—		5,218
Cash payments and foreign exchange translation	(2,586		)	(4,806		)	—		(7,392		)
Balance at June 30, 2014	$	11,327		$	—		$	—	$	11,327

Restructuring activities initiated in 2014

In the first half of 2014, the Company initiated the restructure of certain facilities in Europe. The estimated costs of these initiatives is $2,900 and are expected to be completed in 2014. For the three and six months ended June 30, 2014, the Company recorded $386 and $545 of other exit costs, respectively. In addition, for the three and six months ended June 30, 2014 the Company recorded $631 of employee separation costs. As of June 30, 2014, there was $518 liability associated with these initiatives.