RESTRUCTURING CHARGES

The following table summarizes the activity related to the accrual for restructuring charges detailed by event:



	Q2'10		Q2'12			Q1'13			Q3'13			Total 2014
	(in thousands)
Balance at January 1, 2014 - Restructuring Accrual	$	281	$	897		$	22,949		$	1,314		$	25,441
Credits - Employee termination costs, net of change in estimate	—		—			—			(224		)	(224		)
Payments - Employee termination costs	—		(383		)	(7,426		)	(471		)	(8,280		)
Foreign exchange (gain) loss	—		—			(28		)	5			(23		)
Balance at March 31, 2014 - Restructuring Accrual	$	281	$	514		$	15,495		$	624		$	16,914



	Q2'10		Q2'12			Q4'12			Q1'13			Total 2013
	(in thousands)
Balance at January 1, 2013 - Restructuring Accrual	$	439	$	7,418		$	8,365		$	—		$	16,222
(Credits) charges - Employee termination costs, net of change in estimate	—		—			(460		)	42,821			42,361
Charges - Other	—		—			—			453			453
Payments - Employee termination costs	—		(2,206		)	(5,161		)	—			(7,367		)
Payments - Other	—		—			(45		)	(453		)	(498		)
Foreign exchange gain	—		—			(16		)	—			(16		)
Balance at March 31, 2013 - Restructuring Accrual	$	439	$	5,212		$	2,683		$	42,821		$	51,155

The Company records restructuring liabilities related to workforce reductions when the accounting recognition criteria are met and consistent with management's approval and commitment to the restructuring plans in each particular quarter. The restructuring plans identify the number of employees to be terminated, job classifications and functions, location and the date the plan is expected to be completed.

2013 Restructuring Charges

Restructuring charges in the first quarter of 2013 were primarily related to workforce reductions at the Company's subsidiaries in Rousset, France ("Rousset"), Nantes, France (“Nantes”), and Heilbronn, Germany ("Heilbronn").

Rousset and Nantes

In 2013, each of Rousset and Nantes restructured operations to further align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. In connection with formulating these restructuring plans, during the first quarter of 2013, Rousset and Nantes each confidentially negotiated and developed “social plans” in coordination and consultation with their respective local Works Councils. These social plans, which are subject to French law, set forth general parameters, terms and benefits for employee dismissals, both voluntary and involuntary. The restructuring charges related to Rousset and Nantes were $26.6 million.

Substantially all of the affected employees ceased active service as of March 31, 2014. There were no significant changes to the plan and no material modifications or changes were made after implementation began.

Heilbronn

In 2013, Heilbronn, and a related site in Ulm, Germany, restructured operations to further align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. In connection with formulating this restructuring plan, initial discussions with local Works Councils in Heilbronn and Ulm began in the first quarter of 2013. The restructuring charges related to Heilbronn were $15.8 million.

The Company anticipates all affected employees will cease active service on or before the end of the fourth quarter of 2014. The Company is not expecting significant changes to the plan or material modifications or changes after implementation.

The restructuring charges recorded in the first quarter of 2013 also included $0.9 million related to U.S. and other countries.

The restructuring accrual is expected to be substantially paid out by the end of 2014.