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Restructuring and Other Charges
 12 Months Ended
Dec. 31, 2014
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
RESTRUCTURING AND OTHER CHARGES
Restructuring and other charges primarily consist of separation costs for employees including severance, outplacement and other benefit costs.
Fragrance Ingredients Rationalization
In 2014, the Company closed its fragrance ingredients manufacturing facility in Augusta, Georgia and consolidated production into other Company facilities. In connection with this closure, the Company incurred charges of $13.8 million, consisting primarily of $10.3 million in accelerated depreciation of fixed assets, $2.2 million in personnel-related costs and $1.3 million in plant shutdown and other related costs. The Company recorded total charges of $7.4 million during 2013, consisting of $2.2 million of pre-tax charges related to severance included in Restructuring and other charges, net and $5.2 million of non-cash charges related to accelerated depreciation included in Cost of goods sold. During 2014, the Company recorded $1.3 million of plant shutdown and other related costs included in Restructuring and other charges, net as well as an additional $5.1 million of non-cash charges related to accelerated depreciation included in Cost of goods sold. As a result of this closure, 43 positions have been eliminated. The Company estimates that approximately $3 - $4 million of the costs will be or have been cash expenditures.
Other
During 2013, the Company reversed $1.2 million of employee-related liabilities, offset by $0.6 million of additional costs incurred related to the European Rationalization Plan that was announced in 2009 and completed in 2011. Additionally, during 2013, the Company recorded a charge of $1.7 million related to the Strategic Initiative, which began in 2011 and was completed in 2013.







Reorganization Plan
Movements in related accruals during 2012, 2013 and 2014 are as follows: 
(DOLLARS IN THOUSANDS)
Employee-
Related
 
Pension
 
Asset -
Related/and
Other
 
Total
Balance at January 1, 2012
$
10,774

 
$
—

 
$
—

 
$
10,774

Additional charges (reversals), net
1,376

 
292

 
—

 
1,668

Non-cash charges
—

 
(292
)
 
—

 
(292
)
Payments and other costs
(9,001
)
 
—

 
—

 
(9,001
)
Balance at December 31, 2012
3,149

 
—

 
—

 
3,149

Additional charges (reversals), net
2,151

 
—

 
5,250

 
7,401

Non-cash charges
—

 
—

 
(5,250
)
 
(5,250
)
Payments and other costs
(3,184
)
 
—

 
—

 
(3,184
)
Balance at December 31, 2013
2,116

 
—

 
—

 
2,116

Additional charges (reversals), net
(46
)
 
—

 
6,444

 
6,398

Non-cash charges


 
—

 
(5,100
)
 
(5,100
)
Payments and other costs
(1,311
)
 
—

 
(1,344
)
 
(2,655
)
Balance at Balance at December 31, 2014
$
759

 
$
—

 
$
—

 
$
759