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Restructuring and Related Activities
12 Months Ended
Dec. 31, 2018
Restructuring And Related Activities [Abstract]  
Restructuring And Related Activities Disclosure [Text Block]

Note 6 – Restructuring and Related Activities

In response to weak economic conditions and market declines in many regions, Quaker’s management approved a global restructuring plan (the “2015 Program”) in the fourth quarter of 2015 to reduce its operating costs. The 2015 Program included provisions for the reduction of total headcount by approximately 65 employees globally. The Company substantially completed all of the initiatives under the 2015 Program in 2016 and settlement of these charges occurred primarily in 2016 as well. During the fourth quarter of 2016, the Company recognized a restructuring credit of $0.4 million in connection with the 2015 Program, due to customary and routine adjustments to initial estimates for employee separation costs. The Company completed all of the remaining initiatives under the 2015 Program during the first half of 2017 and does not expect to incur further restructuring charges under this program.

There were no accrued restructuring liabilities as of December 31, 2017 and no associated cash payments or other restructuring activity during the year ended December 31, 2018. Restructuring activity recognized in each reportable operating segment in connection with the 2015 Program during the years ended December 31, 2017 and 2016 is as follows:

NorthSouth
AmericaEMEAAsia/PacificAmericaTotal
Accrued restructuring as of
December 31, 2015$1,867$4,265$135$36 $6,303
Restructuring credits(439)(439)
Cash payments(1,671)(3,404)(138)(39)(5,252)
Currency translation adjustments523358
Accrued restructuring as of
December 31, 2016196474670
Restructuring charges and adjustments(126)126
Cash payments(70)(605)(675)
Currency translation adjustments55
Accrued restructuring as of
December 31, 2017$$$$$