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Restructuring charges | 12 Months Ended
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Dec. 31, 2013
Restructuring charges [Abstract] |
Restructuring charges | 12. RESTRUCTURING CHARGES The Company recorded restructuring costs of $31.7 million ($22.0 million after tax) in 2013 related to the 2013 restructuring program to relocate the Flavors & Fragrances Group headquarters to Chicago, as well as a profit improvement plan across all segments of the Company. Detail of the 2013 restructuring costs and the line items in which it was recorded in the Corporate & Other segment are as follows:
|  | Selling & |  |  | Cost of |  |  |  |
(in thousands) |  | Administrative |  |  | Products Sold |  |  | Total |
Employee separations |  | $ | 18,081 |  |  | $ | — |  |  | $ | 18,081 |
Long-lived asset impairment |  |  | 4,176 |  |  |  | — |  |  |  | 4,176 |
Gain on asset sales |  |  | (3,019 | ) |  |  |  |  |  |  | (3,019 | )
Write-down of inventory |  |  | — |  |  |  | 1,840 |  |  |  | 1,840 |
Other costs |  |  | 10,657 |  |  |  | — |  |  |  | 10,657 |
Total |  | $ | 29,895 |  |  | $ | 1,840 |  |  | $ | 31,735 |
The following table summarizes the 2013 restructuring costs by segment:
(in thousands) |  | 2013 |
Flavors |  | $ | 22,284 |
Color |  |  | 7,065 |
Corporate & Other |  |  | 2,386 |
Total |  | $ | 31,735 |
The Company does not expect restructuring costs in 2014 to be material. The following table summarizes the accrual for the restructuring and other charges for the twelve months ended December 31, 2013, which is recorded in Other accrued expenses:
|  | Employee |  |  | Assets Related |  |  |  |
(in thousands) |  | Separations |  |  | and Other |  |  | Total |
Balance as of December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring costs |  |  | 18,081 |  |  |  | 13,654 |  |  |  | 31,735 |
Gain on sale of assets |  |  | — |  |  |  | 3,019 |  |  |  | 3,019 |
Cash spent |  |  | (13,505 | ) |  |  | (9,069 | ) |  |  | (22,574 | )
Reduction of assets |  |  | — |  |  |  | (6,016 | ) |  |  | (6,016 | )
Translation adjustment |  |  | (14 | ) |  |  | — |  |  |  | (14 | )
Balance as of December 31, 2013 |  | $ | 4,562 |  |  | $ | 1,588 |  |  | $ | 6,150 |
In the fourth quarter of 2011, the company recorded a restructuring charge of $4.8 million ($3.7 million net of tax) related to a plan to improve the profitability and efficiency of selected operations. The restructuring charge mainly included severance and other employee separation costs. In 2012, approximately $1.8 million of payments were applied to the restructuring reserve.

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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 S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 4: 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 + Details
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