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Corporate Restructuring and Other Organizational Changes
 9 Months Ended
Sep. 30, 2014
Restructuring and Related Activities [Abstract]  
Corporate Restructuring and Other Organizational Changes
  

 

 

     

 

 

  

7. Corporate Restructuring and Other Organizational Changes

2014 Activities

Employee Actions

During the nine months ended September 30, 2014, the Company reduced its headcount as a part of its integration of recent acquisitions. In connection with these actions, approximately $3.2 million and $6.0 million of termination costs were recognized in general and administrative expense in the accompanying condensed consolidated statements of income during the three and nine months ended September 30, 2014, respectively. The charges by segment were as follows for the three months ended September 30, 2014: $1.7 million in the Americas segment, $0.5 million in the Asia/Pacific segment, and $1.0 million in the EMEA segment. The charges by segment were as follows for the nine months ended September 30, 2014: $3.8 million in the Americas segment, $1.0 million in the Asia/Pacific segment, and $1.2 million in the EMEA segment. Approximately $6.3 million of termination costs were paid during the nine months ended September 30, 2014. The remaining liability is expected to be paid over the next 12 months.

 

2013 Activities

Employee Actions

During the three and nine months ended September 30, 2013, the Company reduced its headcount as a part of its integration of recent acquisitions. In connection with these actions, approximately $4.8 million and $8.5 million of termination costs were recognized in general and administrative expense in the accompanying condensed consolidated statements of income during the three and nine months ended September 30, 2013, respectively. The charges for the three and nine months ended September 30, 2013 were $1.6 million and $1.9 million in the EMEA segment, respectively, and $0.1 million and $0.4 million in the Asia/Pacific segment, respectively. The remaining expense of $3.1 million and $6.2 million was incurred in the Americas segment for the three and nine months ended September 30, 2013, respectively.

Lease Cease Use Actions

During the three months ended September 30, 2013, the Company ceased use of all or a portion of its leased facilities in North Brunswick, NJ, Columbus, OH, Duluth, GA, and Bangalore, India, which resulted in additional expense of $0.8 million that was recorded in general and administrative expenses in the accompanying condensed consolidated statements of income for the three and nine months ended September 30, 2013.

The components of corporate restructuring and other reorganization activities from recent acquisitions are included in the following table:

 

(in thousands)

    Severance     Facility
Closures		     Total  

Balance, December 31, 2013

    $ 1,470      $ 1,871      $ 3,341   

Restructuring charges (adjustments) incurred, net

      5,993        (137 )      5,856   

Amounts paid during the period

      (6,285 )      (1,237 )      (7,522 ) 

Foreign currency translation

      (43 )      —          (43 ) 
  

 

 

    

 

 

    

 

 

  

Balance, September 30, 2014

    $ 1,135      $ 497      $ 1,632   
  

 

 

    

 

 

    

 

 

  

The $1.1 million for unpaid severance is included in employee compensation and the $0.5 million for unpaid facility closures is included in other current liabilities in the accompanying condensed consolidated balance sheet at September 30, 2014.