Restructuring and other impairment charges (Tables)

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Other Impairment Charges

The restructuring and impairment charges recognized for the years ended December 31, 2018, 2017, and 2016 consisted of the following:

	2018
	Termination benefits		Other Costs		Total
	(Dollars in thousands)
2018 Footprint realignment plan	$	53,992	$	1,001	$	54,993
2016 Footprint realignment plan	2,318		543		2,861
Other restructuring programs (1)	1,502		764		2,266
Total restructuring charges	$	57,812	$	2,308	$	60,120
Asset impairment charges	—		19,110		19,110
Total restructuring and impairment charges	$	57,812	$	21,418	$	79,230

(1) Includes activity related to the 2014 Footprint realignment plan, the 2017 Vascular Solutions integration program, the 2017 EMEA restructuring program and the other 2016 restructuring programs.

	2017
	Termination benefits		Other Costs		Total
	(Dollars in thousands)
2017 Vascular Solutions integration program	$	5,377	$	118	$	5,495
2017 EMEA restructuring program	4,921		280		5,201
2016 Footprint realignment plan	1,314		783		2,097
Other restructuring programs (1)	1,704		293		1,997
Total restructuring charges	$	13,316	$	1,474	$	14,790

(1) Includes activity primarily related to the other 2016 restructuring programs, the 2014 Footprint realignment plan and the 2017 Pyng integration program. The Company committed to the 2017 Pyng Integration program, which relates to the integration of Pyng Medical Corp. ("Pyng") into the Company, during the second quarter 2017, following the Company's acquisition of Pyng in April 2017.

	2016
	Termination benefits			Other Costs		Total
	(Dollars in thousands)
Other 2016 restructuring programs	$	2,531		$	683	$	3,214
2016 Footprint realignment plan	11,176			1,334		12,510
Other restructuring programs (1)	(477		)	624		147
Total restructuring charges	$	13,230		$	2,641	$	15,871
Asset impairment charges	—			43,356		43,356
Total restructuring and impairment charges	$	13,230		$	45,997	$	59,227

(1) Includes activity primarily related to the 2014 Footprint realignment plan and the programs initiated in 2015 that were associated with the reorganization of certain businesses and shared service center functions as well as the consolidation of certain facilities in North America. The 2015 programs have been completed.

Restructuring charges by reportable operating segment for the years ended December 31, 2018, 2017, and 2016 are set forth in the following table:

	2018		2017		2016
	(Dollars in thousands)
Vascular North America	$	556	$	2,595	$	5,843
Interventional North America	900		4,908		459
Anesthesia North America	371		1,262		1,839
Surgical North America	—		—		151
EMEA	55,608		5,722		4,423
OEM	—		—		795
All other	2,685		303		2,361
Total restructuring charges	$	60,120	$	14,790	$	15,871

Summary of Current Cost Estimates by Major Type of Cost

The following table provides a summary of the Company’s cost estimates by major type of expense associated with the 2018 Footprint realignment plan:

Type of expense	Total estimated amount expected to be incurred
Termination benefits	$60 million to $70 million
Other costs	$2 million to $4 million
Restructuring charges	$62 million to $74 million
Restructuring related charges (1)	$40 million to $59 million
Total restructuring and restructuring related charges	$102 million to $133 million

(1) Consists of pre-tax charges related to accelerated depreciation and other costs directly related to the plan, primarily project management costs and costs to transfer manufacturing operations to the new locations, as well as a charge associated with the Company’s exit from the facilities that is expected to be imposed by the taxing authority in the affected jurisdiction. Excluding this tax charge, substantially all of the charges are expected to be recognized within costs of goods sold.

The following table provides a summary of the Company’s cost estimates by major type of expense associated with the 2014 Footprint realignment plan:

Type of expense	Total estimated amount expected to be incurred
Termination benefits	$12 million to $13 million
Other costs	$1 million to $2 million
Restructuring charges	$13 million to $15 million
Restructuring related charges (1)	$34 million to $37 million
	$47 million to $52 million

(1) Consists of accelerated depreciation and other costs directly related to the plan, primarily as a result of the transfer of manufacturing operations to new locations.

The following table provides a summary of the Company’s cost estimates by major type of expense associated with the 2019 Footprint realignment plan:

Type of expense	Total estimated amount expected to be incurred
Termination benefits	$19 million to $23 million
Other costs (1)	$1 million to $2 million
Restructuring charges	$20 million to $25 million
Restructuring related charges (2)	$36 million to $45 million
Total restructuring and restructuring related charges	$56 million to $70 million

(1) Includes contract termination costs as well as facility closure and other exit costs (employee and equipment relocation costs and outplacement).

(2) Consists of estimated pre-tax charges related to costs directly related to the plan, primarily costs to transfer manufacturing operations to the new locations as well as accelerated depreciation of $3.0 million to $4.0 million. Most of the charges are expected to be recognized within costs of goods sold.

Schedule of Restructuring Reserve

The following table summarizes the activity related to the 2014 Footprint realignment plan restructuring reserve:

	Termination benefits			Other Costs			Total
	(Dollars in thousands)
Balance at December 31, 2016	$	5,370		$	—		$	5,370
Subsequent accruals	687			68			755
Cash payments	(2,131		)	(68		)	(2,199		)
Balance at December 31, 2017	3,926			—			3,926
Subsequent accruals	744			86			830
Cash payments	(734		)	(86		)	(820		)
Balance at December 31, 2018	$	3,936		$	—		$	3,936

The following table summarizes the activity related to the 2016 Footprint realignment plan restructuring reserve:

	Termination benefits			Other Costs			Total
	(Dollars in thousands)
Balance at December 31, 2016	$	8,135		$	760		$	8,895
Subsequent accruals	1,314			783			2,097
Cash payments	(2,096		)	(1,218		)	(3,314		)
Foreign currency translation	(57		)	44			(13		)
Balance at December 31, 2017	7,296			369			7,665
Subsequent accruals	2,318			543			2,861
Cash payments	(3,954		)	(912		)	(4,866		)
Foreign currency translation	(244		)	—			(244		)
Balance at December 31, 2018	$	5,416		$	—		$	5,416

The following table summarizes the activity related to the 2018 Footprint realignment plan restructuring reserve:

	Termination benefits			Other Costs			Total
	(Dollars in thousands)
Balance at December 31, 2017	$	—		$	—		$	—
Subsequent accruals	53,992			1,001			54,993
Cash payments	(3,503		)	(1,000		)	(4,503		)
Foreign currency translation	(2,015		)	(1		)	(2,016		)
Balance at December 31, 2018	$	48,474		$	—		$	48,474