Restructuring and Impairment Charges

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Impairment Charges

Note 14. Restructuring and Impairment Charges

Below is a summary of all the impairment and restructuring charges in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the three months ended March 31, 2016 and 2015 and Condensed Consolidated Balance Sheet as of March 31, 2016 and December 31, 2015:

	March 31, 2016		March 31, 2015
Impairment of tangible assets	$	33	$	—
Restructuring charges		1,526		—
Restructuring and impairment charges	$	1,559	$	—

	Reserve Balance at December 31, 2015		Charges		Paid in 2016			Reserve Balance at March 31, 2016
Severance and other employee costs	$	445	$	815	$	(399	)	$	861
Site closure and other associated cost		1,845		744		(553	)		2,036
Total	$	2,290	$	1,559	$	(952	)	$	2,897

Impairments of Tangible Assets and Restructuring Activity

On November 5, 2015, we announced the closure of our Wheeling plant, which is included in the Autocam Precision Components Group. A portion of the sales and productive assets will be relocated to existing plants within the Autocam Precision Components Group. During the first quarter of 2016, we accrued a restructuring charge of approximately $0.8 million related to severance and employees, and $0.7 million in impairments related to assets and inventory at the Wheeling Plant. The closure is expected to be finalized during the first half of 2016.