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Restructuring, Acquisition and Divestiture Related Costs | 12 Months Ended
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Dec. 31, 2015
Restructuring And Related Activities [Abstract] |
Restructuring, Acquisition and Divestiture Related Costs | 14. Restructuring, Acquisition and Divestiture Related Costs The following table summarizes restructuring, acquisition and divestiture related costs recorded in the accompanying consolidated statements of operations (in thousands):
| Year Ended December 31, |
| 2015 |  |  | 2014 |  |  | 2013 |
2016 restructuring | $ | 3,148 |  |  | $ | — |  |  | $ | — |
2015 restructuring |  | 1,484 |  |  |  | — |  |  |  | — |
2013 restructuring |  | — |  |  |  | 25 |  |  |  | 2,463 |
2011 restructuring |  | 1,208 |  |  |  | 389 |  |  |  | 1,287 |
Germany restructuring |  | — |  |  |  | — |  |  |  | 7 |
Total restructuring charges | $ | 5,840 |  |  | $ | 414 |  |  | $ | 3,757 |
Acquisition and related charges | $ | 1,301 |  |  | $ | 1,521 |  |  | $ | 1,630 |
Divestiture related charges |  | 1,113 |  |  |  | — |  |  |  | — |
Total acquisition and divestiture related charges | $ | 2,414 |  |  | $ | 1,521 |  |  | $ | 1,630 |
Total restructuring, acquisition and divestiture related costs | $ | 8,254 |  |  | $ | 1,935 |  |  | $ | 5,387 |
2016 Restructuring During the third quarter of 2015, the Company initiated the 2016 restructuring program, which includes consolidating certain of our manufacturing operations to optimize our facility footprint and better utilize resources, and reducing redundant costs due to productivity cost savings and business volume reductions. Restructuring costs incurred in 2015 of $2.6 million, $0.3 million and $0.2 million were related to severance, facility, and other, respectively. We anticipate completing the 2016 restructuring program during the second quarter of 2016. The following table summarizes restructuring costs associated with the 2016 restructuring program for each segment and unallocated corporate costs for the year ended December 31, 2015 (in thousands):
| Year Ended |  |  |  |
| December 31, 2015 |  |  | Expected Cumulative Costs |
Laser Products | $ | 55 |  |  | $300 ̶ $400 |
Vision Technologies |  | 2,200 |  |  | 3,200 ̶ 3,700 |
Precision Motion |  | 833 |  |  | 700 ̶ 1,000 |
Unallocated Corporate and Shared Services |  | 60 |  |  |  | 300 ̶ 400 |
Total | $ | 3,148 |  |  | $4,500 ̶ $5,500 |
2015 Restructuring During the first quarter of 2015, the Company implemented a program to eliminate redundant costs, as a result of acquisition and divestiture activities, to better align our operations to our strategic growth plans, to further integrate our business lines, and as a consequence of our productivity initiatives. Restructuring costs incurred in 2015 of $1.4 million and $0.1 million were related to severance and other, respectively. The plan was substantially completed during 2015. The following table summarizes the total costs for each segment and unallocated corporate costs related to the 2015 restructuring plan (in thousands):
| Year Ended |
| December 31, 2015 |
Laser Products | $ | 542 |
Vision Technologies |  | 525 |
Precision Motion |  | 79 |
Unallocated Corporate and Shared Services |  | 338 |
Total | $ | 1,484 |
2013 Restructuring During the first half of 2013, the Company initiated a program following our acquisition of NDS to integrate the NDS business into our operating structure and further reduce manufacturing and operating costs across businesses to leverage our infrastructure and further integrate our product lines. The following table summarizes restructuring costs for each segment and unallocated corporate costs related to the 2013 restructuring program (in thousands):
| Year Ended |
| December 31, 2013 |
Laser Products | $ | 836 |
Vision Technologies |  | 806 |
Precision Motion |  | 378 |
Unallocated Corporate and Shared Services |  | 443 |
Total | $ | 2,463 |
2011 Restructuring In November 2011, the Company announced a strategic initiative (“2011 restructuring”) which aimed to consolidate operations to reduce the Company’s cost structure and improve operational efficiency. In total, eleven facilities have been exited as part of the 2011 restructuring plan. These eliminations resulted in the consolidation of the manufacturing facilities of the Scientific Lasers business and the optics products, the consolidation of the Company’s German operations into one facility, the consolidation of the laser scanners business into the Company’s Bedford, Massachusetts facility and the consolidation of the Company’s Japan operation into one facility. Included in the eleven facilities exited are five facilities exited as part of the Semiconductor and Laser Systems business divestitures. The restructuring costs for the Semiconductor and Laser Systems businesses have been excluded from the table below as they have been reported as part of the operating results from discontinued operations. The Company substantially completed the 2011 restructuring program in 2013. Restructuring costs from the 2011 restructuring program recognized in 2014 and 2015 are primarily depreciation and other costs for the idle facility that was vacated by the Laser Systems business. The following table summarizes restructuring costs for each segment and unallocated corporate costs related to the 2011 restructuring plan (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  | Cumulative |
| Year Ended December 31, |  |  | Costs as of |
| 2015 |  |  | 2014 |  |  | 2013 |  |  | December 31, 2015 |
Laser Products | $ | — |  |  | $ | (106 | ) |  | $ | 1,042 |  |  | $ | 1,939 |
Vision Technologies |  | — |  |  |  | — |  |  |  | 48 |  |  |  | 48 |
Precision Motion |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 122 |
Unallocated Corporate and Shared Services |  | 1,208 |  |  |  | 495 |  |  |  | 192 |  |  |  | 3,153 |
Total | $ | 1,208 |  |  | $ | 389 |  |  | $ | 1,287 |  |  | $ | 5,262 |
Presented below are actual cash charges, including severance, relocation, facility closure and consulting costs, and non-cash charges for depreciation related to the 2011 restructuring plan (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  | Cumulative |
| Year Ended December 31, |  |  | Costs as of |
| 2015 |  |  | 2014 |  |  | 2013 |  |  | December 31, 2015 |
Cash charges | $ | 126 |  |  | $ | (235 | ) |  | $ | 1,037 |  |  | $ | 3,174 |
Non-cash charges |  | 1,082 |  |  |  | 624 |  |  |  | 250 |  |  |  | 2,088 |
Total restructuring costs | $ | 1,208 |  |  | $ | 389 |  |  | $ | 1,287 |  |  | $ | 5,262 |
Rollforward of Accrued Expenses Related to Restructuring The following table summarizes the accrual activities, by component, related to the Company’s restructuring charges recorded in the accompanying consolidated balance sheets (in thousands):
| Total |  |  | Severance |  |  | Facility |  |  | Depreciation |  |  | Other |
Balance at December 31, 2013 | $ | 1,374 |  |  | $ | 687 |  |  | $ | 648 |  |  | $ | — |  |  | $ | 39 |
Restructuring charges |  | 414 |  |  |  | (83 | ) |  |  | (247 | ) |  |  | 624 |  |  |  | 120 |
Cash payments |  | (933 | ) |  |  | (502 | ) |  |  | (293 | ) |  |  | — |  |  |  | (138 | )
Non-cash write-offs and other adjustments |  | (624 | ) |  |  | — |  |  |  | — |  |  |  | (624 | ) |  |  | — |
Balance at December 31, 2014 |  | 231 |  |  |  | 102 |  |  |  | 108 |  |  |  | — |  |  |  | 21 |
Restructuring charges |  | 5,840 |  |  |  | 3,918 |  |  |  | 441 |  |  |  | 1,082 |  |  |  | 399 |
Cash payments |  | (3,126 | ) |  |  | (2,668 | ) |  |  | (156 | ) |  |  | — |  |  |  | (302 | )
Non-cash write-offs and other adjustments |  | (1,063 | ) |  |  | 6 |  |  |  | 13 |  |  |  | (1,082 | ) |  |  | — |
Balance at December 31, 2015 | $ | 1,882 |  |  | $ | 1,358 |  |  | $ | 406 |  |  | $ | — |  |  | $ | 118 |
The Company expects to make $1.8 million in cash payments during the twelve months ending December 31, 2016.

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