RESTRUCTURING

NobelClad Restructuring

In October 2014, we signed an agreement to purchase a manufacturing facility in Liebenscheid, Germany and completed the purchase in November 2014. The facility significantly enhances NobelClad’s manufacturing capabilities and its ability to serve customers throughout Europe, the Middle East and Africa. In October 2014, management announced a plan to restructure its NobelClad European operations. In the second quarter of 2015, the majority of clad metal plate production was shifted from facilities in both Rivesaltes, France and Wurgendorf, Germany to the new manufacturing facility in Liebenscheid, Germany. NobelClad's Rivesaltes plant will continue to produce transition joints with a reduced workforce while the Wurgendorf site was closed and its workers were transferred to the new facility. We incurred pretax restructuring and impairment charges of $6,781 in the fourth quarter of 2014, $54 in the first quarter of 2015, $504 in the second quarter of 2015, and $48 in the third quarter of 2015 related to this program. Restructuring charges associated with this program are substantially complete.

DynaEnergetics Restructuring

In the first quarter of 2015, we launched several initiatives to enhance DynaEnergetics’ operational efficiencies and align its production and distribution resources with the anticipated demands of the market. In January 2015, we closed two North American distribution centers. On February 24, 2015, we announced the closure of a perforating gun manufacturing facility and distribution center in Edmonton, Alberta. In the second quarter of 2015, North America perforating gun manufacturing was consolidated into DynaEnergetics' existing facility in Whitney, Texas. We also exited multiple other distribution centers in North America and Colombia. The Colombia market is now being served directly from our existing facilities in Texas. Two new centralized distribution centers replaced the smaller and less efficient distribution centers that were closed. We incurred pretax restructuring and impairment charges of $382 in the first quarter of 2015, $612 in the second quarter of 2015, and $237 in the third quarter of 2015 related to these programs. Restructuring charges associated with these programs are substantially complete.

Corporate Restructuring

In the first quarter of 2015, we eliminated certain positions in our corporate office. We incurred restructuring charges of approximately $1,560 in the first quarter of 2015 associated with severance and expense related to the acceleration of unvested stock awards. Additionally, two of the nine members of our board of directors did not stand for re-election at our Annual meeting in May 2015, and we will continue with a seven-member board.

Total restructuring and impairment charges incurred to date for these programs are as follows and are reported in the “Restructuring expenses” line item in our consolidated statement of operations:



	Three months ended September 30, 2015
	Severance		Asset Impairment		Contract Termination Costs		Equipment Moving Costs			Other Exit Costs		Total
NobelClad	94		—		—		(46		)	—		48
DynaEnergetics	—		—		97		73			67		237
Corporate	—		—		—		—			—		—

Total	$	94	$	—	$	97	$	27		$	67	$	285



	Nine months ended September 30, 2015
	Severance		Asset Impairment		Contract Termination Costs		Equipment Moving Costs		Other Exit Costs		Total
NobelClad	91		—		40		471		4		606
DynaEnergetics	245		205		341		303		137		1,231
Corporate	1,560		—		—		—		—		1,560

Total	$	1,896	$	205	$	381	$	774	$	141	$	3,397

The changes to the restructuring liability associated with these programs is summarized below:



	Balance at December 31, 2014		Expense		Payments			Currency Adjustments			Balance at September 30, 2015
Severance	2,406		1,383		(3,500		)	(216		)	73
Contract termination costs	44		381		(175		)	(23		)	227
Equipment moving costs	—		774		(702		)	1			73
Other exit costs	36		141		(142		)	(3		)	32

Total	$	2,486	$	2,679	$	(4,519	)	$	(241	)	$	405