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Restructuring | 12 Months Ended
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Dec. 31, 2012
Restructuring [Abstract] |
Restructuring | 5. Restructuring Restructuring expenses in 2012 were principally related to a reduction in workforce in Sweden and France, and the previously announced curtailment of manufacturing in New York and Wisconsin. The restructuring activities were related to the lower demand for paper machine clothing. Those costs were partially offset by a reduction in accruals related to the Company's headquarters. Restructuring costs totaled $7.1 million, including a reduction to expense of $0.7 million that resulted from the sale of property in Albany, New York. In November 2012, we announced that our subsidiary in France had initiated discussions with the employee Works Council regarding a proposal to restructure operations at the Company's Machine Clothing production facilities in Selestat and St. Junien. The consultation will be completed in accordance with applicable French legislation. No accrual has been recorded in regard to the proposed actions. Restructuring expenses for 2010 and 2011 were the result of restructuring and performance improvement plans affecting each of our reportable segments. The restructuring activities were driven by the need for us to balance our manufacturing capacity with anticipated demand, to improve efficiency in all aspects of our business, and to strengthen our competitive position. We also took actions to reduce costs and to create process efficiencies within administrative functions. The following table summarizes charges reported in the Statements of Income under "Restructuring and other":
Year ended December 31, 2012 |  |  |  |  |  |  |  |
(in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of plant and equipment |  | Benefit plan curtailment/ settlement
Machine Clothing |  | $7,386 |  |  | $7,386 |  |  | $ - |  |  | $ - |
Engineered Composites |  | - |  |  | - |  |  | - |  |  | - |
Unallocated expenses |  | (325 | ) |  | 380 |  |  | (705 | ) |  | - |
Total |  | $7,061 |  |  | $7,766 |  |  | ($705 | ) |  | $ - |
Year ended December 31, 2011 |  |  |  |  |  |  |  |
(in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of plant and equipment |  | Benefit plan curtailment/ settlement
Machine Clothing |  | $5,680 |  |  | $5,484 |  |  | $ - |  |  | $196 |
Engineered Composites |  | 57 |  |  | 57 |  |  | - |  |  | - |
Unallocated expenses |  | 3,580 |  |  | 1,830 |  |  | 1,750 |  |  | - |
Total |  | $9,317 |  |  | $7,371 |  |  | $1,750 |  |  | $196 |
Year ended December 31, 2010 |  |  |  |  |  |  |  |
(in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of plant and equipment |  | Benefit plan curtailment/ settlement
Machine Clothing |  | $4,762 |  |  | $2,767 |  |  | $1,243 |  |  | $752 |
Engineered Composites |  | 930 |  |  | 930 |  |  | - |  |  | - |
Unallocated expenses |  | (1,945 | ) |  | - |  |  | - |  |  | (1,945 | )
Total |  | $3,747 |  |  | $3,697 |  |  | $1,243 |  |  | ($1,193 | )
We expect that substantially all accruals for restructuring liabilities will be paid within one year. The table below presents the changes in restructuring liabilities:
|  | December 31, |  | Restructuring |  |  |  | Currency |  | December 31,
(in thousands) |  | 2011 |  | charges accrued |  | Payments |  | translation/other |  | 2012
Termination costs |  | $6,979 |  | $7,617 |  | ($9,672) |  | $23 |  | $4,947
Total |  | $6,979 |  | $7,617 |  | ($9,672) |  | $23 |  | $4,947
|  | December 31, |  | Restructuring |  |  |  | Currency |  | December 31,
(in thousands) |  | 2010 |  | charges accrued |  | Payments |  | translation/other |  | 2011
Termination costs |  | $2,809 |  | $6,890 |  | ($2,707) |  | ($13) |  | $6,979
Total |  | $2,809 |  | $6,890 |  | ($2,707) |  | ($13) |  | $6,979

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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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 2: 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 3: 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 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=6394695&loc=d3e140904-122747 Reference 5: 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 + Details
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