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Restructuring and other impairment charges (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 3: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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