Management Action

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

Management Actions

Management Action

During the fourth quarter of 2013, we implemented a restructuring action to right size the cost structure in our European operations, primarily as a result of the strategic decision to adjust our Direct versus Distribution selling efforts, to enhance our go-to-market approach which was designed to improve profitability and increase customer satisfaction. The pre-tax charge of $1,577 recognized in the fourth quarter of 2013 consisted primarily of severance and was included within Selling and Administrative Expense in the Condensed Consolidated Statements of Earnings. The charge impacted our Europe, Middle East, Africa (EMEA) operating segment, which has no goodwill balance. We do not expect additional costs will be incurred related to this restructuring action.

A reconciliation of the beginning and ending liability balances is as follows:

	Severance and Related Costs
Q4 2013 restructuring action	$	1,577
December 31, 2013 balance	1,577
2014 utilization:
Cash payments	(1,151		)
Foreign currency adjustments	(65		)
Change in estimate	5
December 31, 2014 balance	$	366
2015 utilization:
Cash payments	(334		)
Foreign currency adjustments	(32		)
June 30, 2015 balance	$	—