Restructuring and Other Impairment Charges (Tables)

6 Months Ended

Jun. 29, 2014

Summary of Current Cost Estimates by Major Type of Cost Associated with 2014 Manufacturing Footprint Realignment Plan

The following table provides a summary of the Company’s current cost estimates by major type of cost associated with the 2014 Manufacturing Footprint Realignment Plan:

Type of cost	Total estimated amount expected to be incurred
Termination benefits	$12 million to $15 million
Facility closure and other exit costs(1)	$2 million to $5 million
Accelerated depreciation charges	$10 million to $12 million
Other (2)	$18 million to $21 million
	$42 million to $53 million

(1) Includes costs to transfer product lines among facilities and outplacement and employee relocation costs.

(2) Consists of other costs directly related to the Plan, including project management, legal and regulatory costs.

Restructuring and Other Impairment Charges

The restructuring and other impairment charges recognized for the three and six months ended June 29, 2014 and June 30, 2013 consisted of the following:

Three Months Ended June 29, 2014
(in thousands)	Termination Benefits			Facility Closure Costs			Contract Termination Costs			Other Exit Costs		Total
2014 Manufacturing footprint realignment	$	8,577		$	—		$	—		$	—	$	8,577
2014 European restructuring plan		(566	)		—			305			49		(212	)
2014 Restructuring charges		476			—			1,174			131		1,781
LMA restructuring program		(29	)		(154	)		(2,759	)		—		(2,942	)
2013 Restructuring charges		317			—			57			22		396
2012 Restructuring charges		(9	)		34			—			—		25
2011 Restructuring plan		—			(2	)		—			—		(2	)
Total restructuring and other impairment charges	$	8,766		$	(122	)	$	(1,223	)	$	202	$	7,623

Three Months Ended June 30, 2013
(in thousands)	Termination Benefits			Facility Closure Costs			Contract Termination Costs			Other Exit Costs		Total
LMA restructuring program	$	802		$	293		$	2,839		$	7	$	3,941
2013 Restructuring charges		1,131			—			3,391			2,828		7,350
2012 Restructuring charges		1,216			102			293			5		1,616
2011 Restructuring plan		—			—			—			—		—
2007 Arrow integration program		—			55			—			—		55
Total restructuring and other impairment charges	$	3,149		$	450		$	6,523		$	2,840	$	12,962
Six Months Ended June 29, 2014
(in thousands)	Termination Benefits			Facility Closure Costs			Contract Termination Costs			Other Exit Costs		Total
2014 Manufacturing footprint realignment	$	8,577		$	—		$	—		$	—	$	8,577
2014 European restructuring plan		7,752			—			305			49		8,106
2014 Restructuring charges		476			—			1,174			131		1,781
LMA restructuring program		(29	)		(112	)		(3,231	)		—		(3,372	)
2013 Restructuring charges		485			—			57			22		564
2012 Restructuring charges		(619	)		354			—			—		(265	)
2011 Restructuring plan		—			12			—			—		12
Total restructuring and other impairment charges	$	16,642		$	254		$	(1,695	)	$	202	$	15,403
Six Months Ended June 30, 2013
(in thousands)	Termination Benefits			Facility Closure Costs			Contract Termination Costs			Other Exit Costs		Total
LMA restructuring program	$	2,826		$	374		$	3,281		$	115	$	6,596
2013 Restructuring charges		1,552			—			3,391			2,887		7,830
2012 Restructuring charges		2,666			102			293			5		3,066
2007 Arrow integration program		—			135			—			—		135
		7,044			611			6,965			3,007		17,627
Impairment charges		—			—			—			4,494		4,494
Total restructuring and other impairment charges	$	7,044		$	611		$	6,965		$	7,501	$	22,121

Reporting Segment

Restructuring and Other Impairment Charges

Restructuring and other impairment charges by reportable segment for the three and six months ended June 29, 2014 and June 30, 2013 are set forth in the following table:

	Three Months Ended					Six Months Ended
	June 29, 2014			June 30, 2013		June 29, 2014		June 30, 2013
	(Dollars in thousands)					(Dollars in thousands)
Restructuring and other impairment charges
Vascular North America	$	5,887		$	130	$	5,962	$	627
Anesthesia/Respiratory North America		1,151			762		1,178		2,669
Surgical North America		—			2,800		—		7,294
EMEA		(1,575	)		7,913		6,315		9,207
Asia		519			147		597		245
OEM		—			588		—		588
All other		1,641			622		1,351		1,491
Total restructuring and other impairment charges	$	7,623		$	12,962	$	15,403	$	22,121

LMA Restructuring Program

Changes in Accrued Liability Associated with Restructuring Program

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2013 through June 29, 2014 is set forth in the following table:

	Termination Benefits			Facility Closure Costs			Contract Termination Costs			Other Exit Costs		Total
	(Dollars in thousands)
Balance at December 31, 2013	$	552		$	427		$	3,686		$	16	$	4,681
Subsequent accruals (reversals)		(29	)		(112	)		(3,231	)		—		(3,372	)
Cash payments		(494	)		(317	)		(70	)		—		(881	)
Foreign currency translation		—			2			(1	)		1		2
Balance at June 29, 2014	$	29		$	-		$	384		$	17	$	430