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RESTRUCTURING ACTIVITIES | 12 Months Ended
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Dec. 31, 2013
RESTRUCTURING ACTIVITIES [Abstract] |
RESTRUCTURING ACTIVITIES |
3. | RESTRUCTURING ACTIVITIES
During 2012, Bel initiated the closure of its Cinch North American manufacturing facility in Vinita, Oklahoma, and transition of the operations to Reynosa, Mexico and a new facility in McAllen, Texas. The Company accrued the full amount of termination benefits related to the Vinita, Oklahoma employees during 2012, as noted in the table below. During December 2012, the Company donated the Vinita building and land to a local university, and recorded a $1.0 million loss on disposal related to this donation. The Company also recorded a $0.4 million impairment on certain equipment at the Vinita facility. These amounts are classified as restructuring charges in the accompanying 2012 consolidated statement of operations. In addition to the closure of the Vinita, Oklahoma facility, the Company implemented other overhead cost reductions during 2012 and 2013 which contributed to the severance costs noted in the table below. Activity and liability balances related to restructuring costs for the years ended December 31, 2012 and 2013 are as follows:
|  |  |  |  | 2012 |  |  |  |  |  | 2013 |  |  |  |
|  | Liability at |  |  |  |  |  | Cash Payments |  |  | Liability at |  |  |  |  |  | Cash Payments |  |  | Liability at |
|  | December 31, |  |  | New |  |  | and Other |  |  | December 31, |  |  | New |  |  | and Other |  |  | December 31, |
|  | 2011 |  |  | Charges |  |  | Settlements |  |  | 2012 |  |  | Charges |  |  | Settlements |  |  | 2013 |
Severance costs |  | $ | - |  |  | $ | 3,227 |  |  | $ | (3,105 | ) |  | $ | 122 |  |  | $ | 1,239 |  |  | $ | (1,361 | ) |  | $ | - |
Transportation of equipment |  |  | - |  |  |  | 528 |  |  |  | (528 | ) |  |  | - |  |  |  | 100 |  |  |  | (100 | ) |  |  | - |
Set-up costs |  |  | - |  |  |  | 71 |  |  |  | (71 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Impairment/loss on disposal of assets related to restructuring |  |  | - |  |  |  | 1,389 |  |  |  | (1,389 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other restructuring costs |  |  | - |  |  |  | 30 |  |  |  | (30 | ) |  |  | - |  |  |  | 48 |  |  |  | (48 | ) |  |  | - |
Total |  | $ | - |  |  | $ | 5,245 |  |  | $ | (5,123 | ) |  | $ | 122 |  |  | $ | 1,387 |  |  | $ | (1,509 | ) |  | $ | - |
During the year ended December 31, 2011, the Company recorded $0.3 million in restructuring charges related primarily to severance costs associated with the reorganization of Cinch operations in the U.K. The Company also settled its remaining lease obligation related to the Westborough, Massachusetts facility during 2011, which resulted in an immaterial gain.

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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 Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: 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=6394695&loc=d3e140904-122747 Reference 3: 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=6394695&loc=d3e140864-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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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