Restructuring (Notes)

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING

During 2014, we completed a review of initiatives to reduce costs and enhance our competitive position. Based on this review, we committed to a plan to close operations at our Rogers, Arkansas facility, which was completed during the fourth quarter of 2014. The action was undertaken in order to reduce costs and enhance our global competitive position. During 2016, we sold the Rogers facility for total proceeds of $4.3 million, resulting in a $1.4 million gain on sale, which is recorded as a reduction to selling, general and administrative expense in the consolidated income statements.

The total cost incurred as a result of the Rogers facility closure was $15.9 million, of which $1.5 million, $6.0 million and $8.4 million was recognized as of December 31, 2016, 2015 and 2014, respectively. The following table summarizes the Rogers, Arkansas plant closure costs and classification in the consolidated income statement for the years ended December 31, 2016, 2015 and 2014:



	Year Ended December 31, 2016			Year Ended December 31, 2015		Year Ended December 31, 2014		Total Costs			Classification
(Dollars in thousands)
Accelerated and other depreciation of assets idled ⁽¹⁾	$	248		$	1,641	$	5,365	$	7,254		Cost of sales, Restructuring costs
Severance costs ⁽²⁾	—			114		1,897		2,011			Cost of sales, Restructuring costs
Equipment removal and impairment, inventory written-down, lease termination and other costs ⁽³⁾	1,210			4,257		1,167		6,634			Cost of sales, Restructuring costs
Total restructuring costs included in cost of sales	1,458			6,012		8,429		15,899
Gain on sale of the facility	(1,436		)	—		—		$	(1,436	)	Selling, general and administrative expense
	$	22		$	6,012	$	8,429	$	14,463

⁽¹⁾ Cost of sales includes accelerated depreciation due to shorter useful lives for assets to be retired after operations ceased at the Rogers facility.

⁽²⁾ The closure resulted in a reduction of workforce of approximately 500 employees and a shift in production to other facilities.

⁽³⁾ We incurred other associated costs such as moving costs, impairment of assets and other closing costs. In 2016, the majority of the costs related to closing, maintenance and other costs. In 2015, we determined that some of the assets would not ultimately be transferred to other facilities and recorded a $2.7 million impairment. In 2014, the majority of the restructuring costs related to inventory write-downs, moving costs and other costs.

Changes in the accrued expenses related to restructuring liabilities during the years ended December 31, 2016 and 2015 were less than $0.1 million.

In addition, other measures in 2014 were taken to reduce costs including the sale of the company's two aircraft. One airplane was sold for cash in September 2014, incurring a $0.2 million loss on sale and the other airplane was impaired $1.1 million at the end of 2014 and subsequently sold in February 2015. The impairment of $1.1 million was included in selling, general and administrative expense in the consolidated income statement for the year ended December 31, 2014.