Restructuring and Related Activities

3 Months Ended

Mar. 31, 2017

Restructuring And Related Activities [Abstract]

Restructuring And Related Activities Disclosure [TextBlock]

Note 4 – Restructuring and Related Activities

In response to weak economic conditions and market declines in many regions, Quaker’s management approved a global restructuring plan in the fourth quarter of 2015 (the “2015 Program”) to reduce its operating costs. The 2015 Program included the re-organization of certain commercial functions, the consolidation of certain distribution, laboratory and administrative offices, and other related severance charges. The 2015 Program included provisions for the reduction of total headcount of approximately 65 employees globally. Employee separation benefits varied depending on local regulations within certain foreign countries and included severance and other benefits. The Company substantially completed all of the initiatives under the 2015 Program during 2016, with only minimal settlements and cash payments still to occur during the first half of 2017. At this time the Company does not expect to incur material additional restructuring charges or credits under the 2015 Program.

Restructuring activity recognized by reportable operating segment in connection with the 2015 Program during the three months ended March 31, 2017 is as follows:

		North
		America		EMEA		Total
Accrued restructuring as of
December 31, 2016		$	196	$	474	$	670
	Cash payments		(70)		(78)		(148)
	Currency translation adjustments		—		8		8
Accrued restructuring as of
March 31, 2017		$	126	$	404	$	530