XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Restructuring and Related Activities | 3 Months Ended
--- | ---
Mar. 31, 2018
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities | Note 4 – Restructuring and Related Activities The Company places a strong emphasis on controlling its costs and combats general price inflation by continuously improving its efficiency and operating performance. When the ongoing cost containment activities are not adequate, the Company takes actions to maintain its cost competitiveness. The Company incurred significant restructuring costs in its past to reduce its cost structure. Historically, the Company's primary cost reduction technique was through the transfer of production from high-labor-cost countries to lower-labor-cost countries. Since 2013, the Company's cost reduction programs have primarily focused on reducing fixed costs, including selling, general, and administrative expenses. As of December 31, 2017, the Company's restructuring programs were substantially completed. The following table summarizes restructuring and related expenses which were recognized and reported on a separate line in the accompanying consolidated condensed statements of operations:
| Fiscal quarter ended |
| April 1, 2017 |
MOSFETs Enhanced Competitiveness Program |  | $ | 420 |
Global Cost Reduction Programs |  |  | 1,049 |
Total |  | $ | 1,469 |
MOSFETs Enhanced Competitiveness Program Over a period of approximately 2 years and in a series of discrete steps, the manufacture of wafers for a substantial share of products was transferred into a more cost-efficient fab. As a consequence, certain other manufacturing previously occurring in-house was transferred to third-party foundries. This transfer of production was substantially completed by the end of the first fiscal quarter of 2016. As a result of a review of the financial results and outlook for the Company's MOSFETs segment following the completion of production transfers, the Company determined to implement further cost reductions for the MOSFETs segment. In November 2016, the Company announced an extension of the MOSFETs Enhanced Competitiveness Program. The revised program included various cost reduction initiatives, primarily the transfer of all remaining manufacturing operations at its Santa Clara, California facility to other Vishay facilities or third-party subcontractors. The following table summarizes the activity to date related to this program:
Expense recorded in 2013 |  | $ | 2,328 |
Cash paid |  |  | (267 | )
Balance at December 31, 2013 |  | $ | 2,061 |
Expense recorded in 2014 |  |  | 6,025 |
Cash paid |  |  | (856 | )
Balance at December 31, 2014 |  | $ | 7,230 |
Expense recorded in 2015 |  |  | 5,367 |
Cash paid |  |  | (426 | )
Foreign currency translation |  |  | 1 |
Balance at December 31, 2015 |  | $ | 12,172 |
Expense recorded in 2016 |  |  | 9,744 |
Cash paid |  |  | (15,686 | )
Foreign currency translation |  |  | 2 |
Balance at December 31, 2016 |  | $ | 6,232 |
Expense recorded in 2017 |  |  | 3,204 |
Cash paid |  |  | (7,173 | )
Balance at December 31, 2017 |  | $ | 2,263 |
Cash paid |  |  | (283 | )
Balance at March 31, 2018 |  | $ | 1,980 |
Severance benefits are generally paid in a lump sum at cessation of employment. The entire liability is considered current and is included in other accrued expenses in the accompanying consolidated condensed balance sheets. Global Cost Reduction Programs The global cost reduction programs announced in 2015 included a plan to reduce selling, general, and administrative costs company-wide, and targeted streamlining and consolidation of production for certain product lines within its Capacitors and Resistors & Inductors segments. These programs were substantially implemented as of December 31, 2017. The following table summarizes the activity to date related to this program:
Expense recorded in 2015 |  | $ | 13,753 |
Cash paid |  |  | (986 | )
Foreign currency translation |  |  | (150 | )
Balance at December 31, 2015 |  | $ | 12,617 |
Expense recorded in 2016 |  |  | 9,918 |
Cash paid |  |  | (16,237 | )
Foreign currency translation |  |  | (34 | )
Balance at December 31, 2016 |  | $ | 6,264 |
Expense recorded in 2017 |  |  | 8,069 |
Cash paid |  |  | (7,168 | )
Foreign currency translation |  |  | 500 |
Balance at December 31, 2017 |  | $ | 7,665 |
Cash paid |  |  | (1,027 | )
Foreign currency translation |  |  | 148 |
Balance at March 31, 2018 |  | $ | 6,786 |
The following table summarizes the expense recognized by segment related to this program:
|  | Fiscal quarter ended |
|  | April 1, 2017 |
Resistors & Inductors |  | $ | 851 |
Capacitors |  |  | 161 |
Unallocated Selling, General, and Administrative Expenses |  |  | 37 |
Total |  | $ | 1,049 |
Severance benefits are generally paid in a lump sum at cessation of employment, though some are being paid in installments. The current portion of the liability is $4,222 and is included in other accrued expenses in the accompanying consolidated condensed balance sheets. The non-current portion of the liability is included in other liabilities in the accompanying consolidated condensed balance sheets.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration