Note 17 – Restructuring and Impairment Charges

Restructuring Charges

Global Headquarters Relocation

In 2017, we completed the physical relocation of our global headquarters from Rogers, Connecticut to Chandler, Arizona. We recorded $0.6 million, $2.8 million and $0.7 million of expense for the years ended December 31, 2018, 2017 and 2016, respectively, related to the headquarters relocation, including $0.1 million, $0.4 million and $0.6 million of severance benefits expense for the years ended December 31, 2018, 2017 and 2016, respectively. The fair value of the total severance benefits to be paid (including payments already made) in connection with the headquarter relocation was $1.1 million. The total severance costs were expensed ratably over the required service period for the affected employees.

The following table presents severance activity related to the headquarters relocation for the year ended December 31, 2018:



(Dollars in thousands)	Severance Related to Headquarters Relocation
Balance as of December 31, 2017	$	183
Provisions	186
Payments	(264		)
Balance as of December 31, 2018	$	105

Facility Consolidation

On April 24, 2018, we made the decision to consolidate our Santa Fe Springs, California operations into the Company’s facilities in Carol Stream, Illinois and Bear, Delaware. We recorded $2.0 million of expense for the year ended December 31, 2018 related to the facility consolidation, including $0.5 million of severance benefits expense for the year ended December 31, 2018. The fair value of the total severance benefits to be paid (including payments already made) in connection with the facility consolidation is $0.5 million. The total severance costs are being expensed ratably over the required service period for the affected employees. Additionally, we incurred $1.6 million in capital expenditures for the year ended December 31, 2018 related to the facility consolidation.

The following table presents severance activity related to the facility consolidation for the year ended December 31, 2018:



(Dollars in thousands)	Severance Related to Facility Consolidation
Balance as of December 31, 2017	$	—
Provisions	546
Payments	(23		)
Balance as of December 31, 2018	$	523

Impairment Charges

In 2018, we recognized $1.5 million in impairment charges on certain assets in connection with the Isola asset acquisition, which was allocated specifically to the ACS operating segment. In 2017, we recognized a $0.3 million charge related to the impairment of our remaining investment in BrightVolt, Inc. As this investment did not relate to a specific operating segment, we allocated it ratably among ACS, EMS and PES. Also in 2017, we recognized a $0.5 million impairment charge related to the remaining net book value of an other intangible asset within the ROLINX^®product line in our PES operating segment.

Allocation of Charges to Operating Segments

The following table summarizes the restructuring and impairment charges recorded in our operating results in 2018, 2017 and 2016:



(Dollars in thousands)	2018		2017		2016
Advanced Connectivity Solutions
Severance and other related costs	$	244	$	1,305	$	375
Allocated impairment charges	1,506		161		—
Elastomeric Material Solutions
Severance and other related costs	2,152		834		176
Allocated impairment charges	—		103		—
Power Electronics Solutions
Severance and other related costs	136		621		183
Allocated impairment charges	—		543		—
Total Restructuring and Impairment Charges	$	4,038	$	3,567	$	734