Restructuring and Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2013

The following table summarizes the restructuring and impairment charges related to these activities recorded in our operating results in 2013.



(Dollars in thousands)
	December 31, 2013		December 31, 2012		December 31, 2011
Cost of Sales

High Performance Foams
Accelerated depreciation expense related to Bremen shut-down	$	—	$	764	$	—
Inventory impairment related to Bremen shut-down	—		191		—
Union ratification bonus	181		—		—
Printed Circuit Materials
Union ratification bonus	179		—		—
Power Electronics Solutions
Accelerated depreciation related to certain assets	—		393		—
Accelerated depreciation expense related to U.S. shut-down	—		499		—
Union ratification bonus	8		—		—
Total charges for Cost of Sales	$	368	$	1,847	$	—

Restructuring and Impairment

High Performance Foams
Fixed asset disposal (1)	$	—	$	79	$	441
Severance related to Bremen shut-down	1,345		861		—
Bremen shut down-costs	—		1,442		—
Allocated severance and related costs	—		2,188		—
Allocated Solicore impairment	1,617		—		—
Printed Circuit Materials
Allocated severance and related costs	802		2,915		—
Allocated Solicore impairment	1,617		—		—
Power Electronics Solutions
Impairment of investment related receivable	—		264		—
Severance and related costs	3,494		1,799		—
Severance related to Hungary move	—		3,774		—
PDS North America shut-down costs	—		149		—
Allocated Solicore impairment	1,155		—		—
Other
License agreement expense	—		356		—
Allocated severance and related costs	115		255		—
Allocated Solicore impairment	231		—		—
Total charges for Restructuring and Impairment	$	10,376	$	14,082	$	441

(1) In the first quarter of 2012, we signed an agreement to sell our facility in Richmond, Virginia for $1.5 million. This facility had a book value of approximately $1.8 million prior to the signing of the agreement, and we recorded an impairment charge of approximately $0.4 million as of December 31, 2011, which represents the write down to the selling price minus approximately $0.1 million of estimated selling costs. The transaction closed in the second quarter of 2012.

Components of severance accrual

The following table summarizes charges in the severance accrual from January 1, 2013 through December 31, 2013:



(Dollars in thousands)	Streamlining and restructuring related activities			Bremen facility shut down		Curamik finishing operations relocation to Hungary			Total
Balance at January 1, 2013	$	1,573		$	—	$	4,035		$	5,608
Provisions	4,174			—		—			4,174
Payments	(4,651		)	—		(4,035		)	(8,686		)
Balance at December 31, 2013	$	1,096		$	—	$	—		$	1,096

Balances may differ from prior periods due to foreign exchange rate fluctuations.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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