Restructuring and Impairment Charges

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Impairment Charges

Restructuring and Impairment Charges

In 2012 and 2013, we implemented several initiatives to streamline our organization and rationalize our cost structure in order to better position the Company for profitable growth in the future, which resulted in severance charges.  The goal of these activities is to become a more streamlined organization both from an organizational and cost perspective, with efficient manufacturing capabilities that are focused on meeting our customers' needs. There were no restructuring and impairment charges in the first quarter of 2014 or first quarter of 2013.

The following table summarizes changes in the severance accrual from December 31, 2013 through March 31, 2014:

(Dollars in thousands)	Streamlining and restructuring related activities			Curamik finishing operations relocation to Hungary		Total
Balance at December 31, 2013	$	695		$	—	$	695
Payments	(549		)			(549		)
Balance at March 31, 2014	$	146		$	—	$	146

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