Corporate Restructuring and Other Organizational Changes

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

Corporate Restructuring and Other Organizational Changes

7. Corporate Restructuring and Other Organizational Changes

2015 Activities

During the three months ended March 31, 2015, the Company reduced its headcount as a part of its integration of its recent acquisitions. In connection with these actions, approximately $1.3 million of termination costs were recognized in general and administrative expense in the accompanying condensed consolidated statements of operations during the three months ended March 31, 2015. The charges by segment were as follows: $0.7 million in the Americas segment and $0.6 million in the EMEA segment. Approximately $1.1 million of the $1.3 million in termination costs were paid during the first quarter of 2015. The unpaid severance liability as of March 31, 2015 totaled $2.0 million, including balances from severance events during the 12-months ended December 31, 2014, of which $1.5 million is expected to be paid over the next 12 months.

2014 Activities

During the three months ended March 31, 2014, the Company reduced its headcount as a part of its integration of its recent acquisitions. In connection with these actions, approximately $1.8 million of termination costs were recognized in general and administrative expense in the accompanying condensed consolidated statements of operations during the three months ended March 31, 2014. The charges by segment were as follows: $1.7 million in the Americas segment, $0.1 million in the Asia/Pacific segment and less than $0.1 million in the EMEA segment. Approximately $1.6 million of termination costs were paid during the first quarter of 2014. The remaining liability was paid during the year ended December 31, 2014.

The components of corporate restructuring and other reorganization activities from the recent acquisitions are included in the following table:

(in thousands)	Severance			Facility Closures			Total
Balance, December 31, 2014	$	2,341		$	452		$	2,793
Restructuring charges incurred		1,338			—			1,338
Amounts paid during the period		(1,550	)		(46	)		(1,596	)
Foreign currency translation		(128	)		—			(128	)
Balance, March 31, 2015	$	2,001		$	406		$	2,407

Of the $2.0 million for unpaid severance, $1.5 million is included in employee compensation and the remaining $0.5 million is included in other noncurrent liabilities in the accompanying condensed consolidated balance sheet at March 31, 2015. The $0.4 million for unpaid facilities closures is included in other current liabilities in the accompanying condensed consolidated balance sheets at March 31, 2015.