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			Q3'14			Q4'14			Q1'15			Q2'15			Total 2015 Activity
	(in thousands)
Balance at January 1, 2015 - Restructuring Accrual	$	281	$	19		$	3,988		$	9		$	920		$	14,508		$	—		$	—		$	19,725
Charges (credits) - Employee termination costs, net of change in estimate	—		(210		)	(634		)	(9		)	2,389			788			2,707			943			5,974
Payments- Employee termination costs	—		213			(1,524		)	—			(3,249		)	(7,234		)	(2,705		)	(652		)	(15,151		)
Foreign exchange loss (gain)	—		—			226			—			(60		)	(2,041		)	(3		)	(58		)	(1,936		)
Balance at December 31, 2015 - Restructuring Accrual	$	281	$	22		$	2,056		$	—		$	—		$	6,021		$	(1	)	$	233		$	8,612

Non-cash credit (see discussion below)	$	—	$	—		$	—		$	—		$	(471	)	$	(720	)	$	—		$	(188	)	$	(1,379	)



	Q2'10		Q2'12			Q1'13			Q3'13			Q3'14			Q4'14			Total 2014 Activity
	(in thousands)
Balance at January 1, 2014 - Restructuring Accrual	$	281	$	897		$	22,949		$	1,314		$	—		$	—		$	25,441
Charges (credits) - Employee termination costs, net of change in estimate	—		—			(2,077		)	(292		)	1,397			14,854			13,882
Non-cash - Other	—		—			—			—			(321		)	—			(321		)
Payments - Employee termination costs	—		(878		)	(16,773		)	(1,018		)	(55		)	(346		)	(19,070		)
Foreign exchange (gain) loss	—		—			(111		)	5			(101		)	—			(207		)
Balance at December 31, 2014 - Restructuring Accrual	$	281	$	19		$	3,988		$	9		$	920		$	14,508		$	19,725



	Q2'10			Q2'12			Q4'12			Q1'13			Q3'13			Total 2013 Activity
	(in thousands)
Balance at January 1, 2013 - Restructuring Accrual	$	439		$	7,418		$	8,365		$	—		$	—		$	16,222
Charges (credits) - Employee termination costs, net of change in estimate	—			(13		)	(1,720		)	44,084			2,043			44,394
Charges - Other	—			—			—			453			—			453
Payments - Employee termination costs	(158		)	(6,508		)	(6,400		)	(21,873		)	(723		)	(35,662		)
Payments - Other	—			—			(229		)	(453		)	—			(682		)
Foreign exchange (gain) loss	—			—			(16		)	738			(6		)	716
Balance at December 31, 2013 - Restructuring Accrual	$	281		$	897		$	—		$	22,949		$	1,314		$	25,441

Non-cash charges (see discussion below)	$	—		$	—		$	68		$	5,111		$	—		$	5,179

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. As of December 31, 2015, the Company expects the majority of the remaining employee termination costs and facility exit costs to be paid by the end of fiscal year 2017.

2015 Restructuring Charges

Restructuring charges were recorded in first and second quarter of 2015. The charges primarily related to workforce reductions, principally in the U.S., in connection with the Company's decision to exit the XSense business and workforce reductions and other costs in connection with the Company's decision to shut down an assembly operations plant in the Philippines. These actions, which are consistent with management's approval of the restructuring plan and the communication to affected employees, were intended to align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. The 2015 restructuring charges were partially reduced by pension curtailment gains upon termination of employees affected by France restructuring action initiated in the fourth quarter of 2014 and the Philippines restructuring action initiated in the second quarter of 2015 and gain on sale of certain equipment located in the Philippines.

All employees affected by the Philippines and XSense restructuring ceased active service as of September 30, 2015.

2014 Restructuring Charges

Restructuring charges were recorded in the third and fourth quarter of 2014. The charges primarily related to workforce reductions at our subsidiaries in Rousset, France ("Rousset") and Nantes, France (“Nantes”). These actions were intended to 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, during the third and fourth quarters of 2014, the Company confidentially negotiated and developed a “social plan” in coordination and consultation with the local Works Council. This social plan, which is subject to French law, set forth general parameters, terms and benefits for both voluntary and involuntary employee dismissals.

All employees affected by the France restructuring ceased active service as of December 31, 2015.

2013 Restructuring Charges

Restructuring charges were recorded in the first and third quarters of 2013. The charge in the first quarter of 2013 was primarily related to workforce reductions at our subsidiaries in Rousset, Nantes, and Heilbronn, Germany ("Heilbronn"). The charge in the third quarter of 2013 related primarily to workforce reduction in the U.S. and Norway.

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 both voluntary and involuntary employee dismissals. The restructuring charges related to Rousset and Nantes were $32.9 million, including net non-cash charges of $5.1 million. Total net non-cash charges comprised impairment charges of $6.7 million, which was partially offset by pension curtailment gain of $1.6 million, as discussed further below.

Substantially all of the affected employees ceased active service as of June 30, 2014. There were no significant changes to the plan and no material modifications or changes were made after implementation began.

The Company vacated a building in Rousset, France in September 2013. Due to ongoing restructuring activities, the Company evaluated the carrying value of this building and a building located in Greece, which is also no longer used in operations. Based on this evaluation, the Company determined that the Rousset and Greece buildings with carrying amounts of $10.1 million and $2.7 million, respectively, were impaired and wrote them down to their estimated fair value of $5.0 million and $1.1 million, respectively. Total impairment charges of $6.7 million were recorded as restructuring expense. Fair value was based on independent third-party appraisal or estimated selling price.

As a result of these workforce reductions, the Company recognized pension curtailment gain of $1.6 million in the fourth quarter of 2013 upon termination of the affected employees. Such amount was recorded as a credit to the total restructuring expense in 2013.

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 2016. 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 relating to U.S. and other countries.

U.S. and Norway

Restructuring charges recorded in 2013 were primarily related to workforce reductions in the U.S. and Norway amounting to $2.0 million. The workforce reductions were designed to further align operating expenses with macroeconomic conditions and revenue outlook, and to improve operational efficiency, competitiveness and business profitability. Restructuring charges related to these workforce reductions were paid to affected employees after their dismissal date.

There have been no significant changes to the plan, and no material modifications or changes have been made after the implementation began.