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Supplemental Financial Information
 12 Months Ended
Dec. 31, 2019
Supplemental Income Statement Elements [Abstract]  
Supplemental Financial Information
Note 15 – Supplemental Financial Information
Restructuring and Impairment Charges
The components of “Restructuring and impairment charges” were as follows:
 
Years Ended December 31,
(Dollars in thousands)
2019
 
2018
 
2017
Restructuring charges
 
 
 
 
 
Global headquarters relocation
$
—

 
$
550

 
$
2,760

Facility consolidation
948

 
1,982

 
—

Total restructuring charges
948

 
2,532

 
2,760

Impairment charges
 
 
 
 
 
Fixed assets impairment charges
1,537

 
1,506

 
—

Other impairment charges
—

 
—

 
807

Total impairment charges
1,537

 
1,506

 
807

Total restructuring and impairment charges
$
2,485

 
$
4,038

 
$
3,567


Relocation Charges - Facility Consolidation
In 2018, we made the decision to consolidate our Santa Fe Springs, California operations into our facilities in Carol Stream, Illinois and Bear, Delaware. We recorded $0.9 million and $2.0 million of expense in 2019 and 2018, respectively, related to the facility consolidation.
Relocation Charges - Global Headquarters Relocation
In 2017, we relocated our global headquarters from Rogers, Connecticut to Chandler, Arizona. We recorded $0.6 million and $2.8 million of expense in 2018 and 2017, respectively, related to the headquarters relocation.
Impairment Charges
We recognized $1.5 million of impairment charges in both 2019 and 2018 pertaining to our ACS operating segment, primarily relating to certain assets in connection with the Isola asset acquisition. 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 Restructuring and Impairment Charges to Operating Segments
The following table summarizes the allocation of restructuring and impairment charges to our operating segments:
 
Years Ended December 31,
(Dollars in thousands)
2019
 
2018
 
2017
Advanced Connectivity Solutions
 
 
 
 
 
Allocated restructuring charges
$
—

 
$
244

 
$
1,305

Allocated impairment charges
1,537

 
1,506

 
161

Elastomeric Material Solutions
 
 
 
 
 
Allocated restructuring charges
948

 
2,152

 
834

Allocated impairment charges
—

 
—

 
103

Power Electronics Solutions
 
 
 
 
 
Allocated restructuring charges
—

 
136

 
621

Allocated impairment charges
—

 
—

 
543

Total restructuring and impairment charges
$
2,485

 
$
4,038

 
$
3,567


Other Operating (Income) Expense, Net
The components of “Other operating (income) expense, net” were as follows:
 
Years Ended December 31,
(Dollars in thousands)
2019
 
2018
 
2017
Lease income
$
(989
)
 
$
(948
)
 
$
—

Depreciation on leased assets
1,907

 
3,512

 
—

Loss (gain) on sale or disposal of property, plant and equipment
756

 
(164
)
 
(5,329
)
Gain from antitrust litigation settlement
—

 
(4,231
)
 
—

Indemnity claim settlements from acquisitions
(715
)
 
(700
)
 
—

Economic incentive grants
—

 
(556
)
 
—

Total other operating (income) expense, net
$
959

 
$
(3,087
)
 
$
(5,329
)

In connection with the transitional leaseback of a portion of the facility and certain machinery and equipment acquired from Isola in August 2018, we recognized lease income and related depreciation on leased assets of $1.0 million and $1.9 million, respectively, in 2019, and $0.9 million and $3.5 million, respectively, in 2018.
In 2019, we recorded a gain of $0.7 million for the settlement of indemnity claims related to the Isola asset acquisition.
In 2018, we recorded a gain from the settlement of antitrust litigation in the amount of $4.2 million as a result of the settlement of a class action lawsuit, filed in 2005, which alleged that Dow Chemical Company and other urethane raw material suppliers unlawfully agreed to fix, raise, maintain or stabilize the prices of polyether polyol products sold in the U.S. from January 1, 1999 through December 31, 2004 in violation of the federal antitrust laws. We also recorded a gain of $0.7 million for the settlement
of indemnity claims related to the DSP acquisition and income of $0.6 million from economic incentive grants related to the relocation of our global headquarters from Rogers, Connecticut to Chandler, Arizona.
In 2017, we recognized other operating income of $5.3 million as a result of the sales of a facility and a parcel of land located in Belgium.
Interest Expense, Net
The components of “Interest expense, net” were as follows:
 
Years Ended December 31,
(Dollars in thousands)
2019
 
2018
 
2017
Interest on revolving credit facility
$
7,378

 
$
6,304

 
$
5,115

Interest rate swap settlements
(200
)
 
(247
)
 
51

Line of credit fees
576

 
573

 
555

Debt issuance amortization costs
552

 
552

 
549

Interest on finance leases
127

 
172

 
169

Interest income
(1,610
)
 
(804
)
 
(379
)
Other
46

 
79

 
71

Total interest expense, net
$
6,869

 
$
6,629

 
$
6,131