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Restructuring and Impairment Charges | 6 Months Ended
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Jun. 30, 2014
Restructuring and Related Activities [Abstract] |
Restructuring and Impairment Charges | Restructuring and Impairment Charges In 2012 and 2013, we implemented several initiatives to streamline our organization and rationalize our cost structure in order to better position the Company for profitable growth in the future, which resulted in severance charges. The goal of these activities was to become a more streamlined organization both from an organizational and cost perspective, with efficient manufacturing capabilities that are focused on meeting our customers' needs. In the second quarter of 2013, as part of these activities, we reorganized certain business functions resulting in severance costs. We also made changes to our salaried and non-union defined benefit pension plans. Effective June 30, 2013 for salaried and non-union hourly employees in the U.S. and effective December 31, 2013 for union employees in the U.S., benefits under our defined benefit pension plans ceased to accrue. The freeze of the defined benefit pension plan for salaries and non-union hourly employees was approved by the Board of Directors on May 3, 2013. The freeze of the union employees' defined benefit pension plan was effective upon ratification of the labor agreement on April 14, 2013. Additionally, our union workforce in Connecticut ratified a current union contract, which resulted in the payout of the union ratification bonus. The following table summarizes the restructuring and impairment charges related to these activities recorded in our operating results in the second quarter and first six months of 2013. There were no restructuring and impairment charges in the second quarter and first six months of 2014.
(Dollars in thousands) | Three Months Ended |  | Six Months Ended
| June 30, 2013 |  |  | June 30, 2013 |
Cost of Sales |  |  |
Printed Circuit Materials |  |  |
Union ratification bonus | 179 |  |  | 179 |
High Performance Foams |  |  |
Union ratification bonus | 181 |  |  | 181 |
Power Electronics Solutions |  |  |
Union ratification bonus | 8 |  |  | 8 |
Total charges for Cost of Sales | $ | 368 |  |  | $ | 368 |
Restructuring and Impairment |  |  |
Printed Circuit Materials |  |  |
Severance and other employee related costs (1) | 708 |  |  | 708 |
High Performance Foams |  |  |
Severance and other employee related costs (1) | 1,253 |  |  | 1,253 |
Power Electronics Solutions |  |  |
Severance and other employee related costs (1) | 2,463 |  |  | 2,463 |
Other |  |  |
Severance and other employee related costs (1) | 101 |  |  | 101 |
Total charges for Restructuring and Impairment | $ | 4,525 |  |  | $ | 4,525 |
(1) For the three and six month periods ended June 30, 2013, this includes a pension curtailment charge of $1.5 million. See Note 8 - "Pension Benefit and Other Post Retirement Plans" for further information. The following table summarizes changes in the severance accrual from December 31, 2013 through June 30, 2014:
(Dollars in thousands) | Streamlining and restructuring related activities |  | Curamik finishing operations relocation to Hungary |  | Total
Balance at December 31, 2013 | $ | 695 |  |  | $ | — |  |  | $ | 695 |
Payments | (670 | ) |  |  |  |  | (670 | )
Balance at June 30, 2014 | $ | 25 |  |  | $ | — |  |  | $ | 25 |
Balances may differ from prior periods due to foreign exchange rate fluctuations.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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