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Restructuring Activities (Notes)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring Activities

Due to economic conditions, including low energy prices and global competition, the Company implemented a number of cost reduction or avoidance actions during 2015 and 2016, including headcount reductions. During the first quarter of 2016, the Company incurred severance expense of $3,692 associated with headcount reductions in all of its segments. These charges were recorded in cost of sales ($2,361 for the three months ended March 31, 2016) and selling, general, and administrative expenses ($1,331 for the three months ended March 31, 2016). For the three months ended March 31, 2015, charges for severance and other restructuring activities (exclusive of D&S facility closures described below) were $244 ($173 was recorded in selling, general and administrative expenses and $71 was recorded in cost of sales). The Company currently expects additional severance charges in the remaining nine months of 2016 to be approximately $2,100, primarily attributable to our D&S segment, but further actions may be required based on future business conditions.

During 2015, Chart announced its intention to close certain D&S leased facilities.  These closures were cost reduction measures in response to lower orders within D&S.  Cost incurred during 2015 related to these closures were $4,810 (for the three months ended March 31, 2015, charges of $500 were recorded in selling, general, and administrative expenses) and included lease exit costs, long-lived asset impairments, and other miscellaneous costs. The remaining accrual for the facility restructuring costs within D&S as of March 31, 2016 was $2,910. These costs are expected to be paid out over the terms of the associated leases which are expected to end in 2023.

The following table summarizes the Company’s restructuring activities for the three months ended March 31, 2016:

	Three Months Ended March 31,
	Energy & Chemicals				Distribution & Storage				BioMedical				Corporate				Total
Balance as of January 1, 2016	$	1,106			$	3,446			$	430			$	850			$	5,832
Restructuring charges	281				2,193				484				734				3,692
Cash payments and other	(843		)		(385		)		(440		)		(509		)		(2,177		)
Balance as of March 31, 2016	$	544			$	5,254			$	474			$	1,075			$	7,347

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- References

No definition available.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4

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