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Severance, Restructuring, and Acquisition Integration Activities | 6 Months Ended
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Jun. 29, 2014
Restructuring And Related Activities [Abstract] |
Severance, Restructuring, and Acquisition Integration Activities | Note 7: Severance, Restructuring, and Acquisition Integration Activities During the six months ended June 29, 2014, we incurred severance, restructuring, and acquisition integration costs primarily related to a productivity improvement program and the integration of our acquisition of Grass Valley. The productivity improvement program is focused on improving the productivity of our sales, marketing, finance, and human resources functions relative to our peers. The majority of the expected costs for the productivity improvement program relate to the Industrial Connectivity, Enterprise, and Industrial IT segments. The restructuring and integration activities related to our acquisition of Grass Valley are focused on achieving desired cost savings by consolidating existing and acquired operating facilities and other support functions. The Grass Valley costs relate to our Broadcast segment. For the three and six months ended June 29, 2014, we recorded severance, restructuring, and integration costs of $38.2 million and $39.7 million, respectively, related to these programs. The following table summarizes the costs by segment:
Three Months Ended June 29, 2014 |  | Severance |  |  | Other Restructuring and Integration Costs |  |  | Total Costs |
|  | (In thousands) |
Broadcast Solutions |  | $ | 16,819 |  |  | $ | 10,705 |  |  | $ | 27,524 |
Enterprise Connectivity Solutions |  |  | 1,592 |  |  |  | 229 |  |  |  | 1,821 |
Industrial Connectivity Solutions |  |  | 8,111 |  |  |  | 33 |  |  |  | 8,144 |
Industrial IT Solutions |  |  | 586 |  |  |  | 133 |  |  |  | 719 |
Total |  |  | 27,108 |  |  |  | 11,100 |  |  |  | 38,208 |
Six Months Ended June 29, 2014 |  |  |  |  |  |  |  |  |
Broadcast Solutions |  | $ | 18,102 |  |  | $ | 10,865 |  |  | $ | 28,967 |
Enterprise Connectivity Solutions |  |  | 1,592 |  |  |  | 229 |  |  |  | 1,821 |
Industrial Connectivity Solutions |  |  | 8,111 |  |  |  | 33 |  |  |  | 8,144 |
Industrial IT Solutions |  |  | 586 |  |  |  | 133 |  |  |  | 719 |
Total |  | $ | 28,391 |  |  | $ | 11,260 |  |  | $ | 39,651 |
The other restructuring and integration costs included retention bonuses, relocation, recruitment, travel, and reserves for inventory obsolescence as a result of product line integration. We expect the majority of the other restructuring and integration costs related to these actions will be paid in 2014. The table below sets forth severance activity that occurred during 2014 for the two significant programs described above. The balances are included in accrued liabilities.
|  | Productivity Improvement Program |  |  | Grass Valley Integration |
|  | (In thousands) |
Balance at December 31, 2013 |  | $ | - |  |  | $ | - |
New charges |  |  | 10,507 |  |  |  | 16,528 |
Cash payments |  |  | (1,774) |  |  |  | (4,497) |
Foreign currency translation |  |  | (62) |  |  |  | 82 |
Balance at June 29, 2014 |  | $ | 8,671 |  |  | $ | 12,113 |
Of the total severance, restructuring, and acquisition integration costs recognized for the three months ended June 29, 2014, $8.0 million, $28.9 million, and $1.3 million were included in cost of sales, selling, general and administrative expenses, and research and development, respectively. Of the total severance, restructuring, and acquisition integration costs recognized for the six months ended June 29, 2014, $8.0 million, $30.0 million, and $1.7 million were included in cost of sales, selling, general and administrative expenses, and research and development, respectively. We expect to incur additional severance, restructuring, and acquisition integration costs in the second half of 2014 of approximately $32 million as a result of the activities discussed above, as well as the integration of our acquisition of ProSoft. We continue to review our business strategies and evaluate potential new restructuring actions. This could result in additional restructuring costs in future periods. For the three and six months ended June 30, 2013, we recorded severance and other restructuring costs of $5.0 million and $5.8 million, respectively. The majority of these costs were recorded in our Broadcast segment, which recognized $3.5 million and $4.3 million of severance and other restructuring costs for the three and six months ended June 30, 2013, respectively. The other restructuring costs included relocation, equipment transfer, and other costs. These costs were incurred primarily as a result of facility consolidation in New York for recently acquired locations and other acquisition integration activities. The Industrial IT segment also recognized $1.3 million of severance expense for both the three and six months ended June 30, 2013. These activities have been completed, and the costs have been paid. Of the total severance and other restructuring costs recognized for the three months ended June 30, 2013, $3.1 million, $1.0 million, and $0.9 million were included in cost of sales, selling, general and administrative expenses, and research and development, respectively. Of the total severance and other restructuring costs recognized for the six months ended June 30, 2013, $3.2 million, $1.6 million, and $1.0 million were included in cost of sales, selling, general and administrative expenses, and research and development, respectively.

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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 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 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 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 + Details
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