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Restructuring and Impairment Charges | 12 Months Ended
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Dec. 31, 2017
Restructuring and Related Activities [Abstract] |
Restructuring and Impairment Charges | RESTRUCTURING AND IMPAIRMENT CHARGES
• | 2017
In 2017, we completed the physical relocation of our global headquarters from Rogers, Connecticut to Chandler, Arizona. We recorded $2.8 million of expense related to this project in 2017 including severance expense and other costs associated with relocating employees to the new location. Severance activity related to the headquarters relocation is presented in the table below for the year ended December 31, 2017. In the third quarter of 2017, we recognized a $0.3 million charge related to the impairment of our remaining investment in BrightVolt, Inc. (formerly known as Solicore, Inc.). As this investment does not relate to a specific operating segment, we allocated it ratably among the three operating segments. In the fourth quarter of 2017, we recognized a $0.5 million impairment charge related to the remaining net book value of an other intangible asset within our ROLINX® product line in our PES operating segment.
• | 2016
In 2016, we recorded $0.7 million of expense related to the headquarters relocation.
• | 2015
There were no restructuring or impairment charges in 2015. The following table summarizes changes in the severance accrual from December 31, 2016 through December 31, 2017:
(Dollars in thousands) | Severance related to headquarters relocation
Balance at December 31, 2016 | $ | 470 |
Provisions | 397 |
Payments | (684 | )
Balance at December 31, 2017 | $ | 183 |
The following table summarizes the restructuring and impairment charges recorded in our operating results in 2017 and 2016:
(Dollars in thousands) | 2017 |  | 2016
Advanced Connectivity Solutions |  |  |
Severance and other related costs | 1,305 |  |  | 375 |
Allocated asset impairment charges | 161 |  |  | — |
Elastomeric Material Solutions |  |  |
Severance and other related costs | 834 |  |  | 176 |
Allocated asset impairment charges | 103 |  |  | — |
Power Electronics Solutions |  |  |
Severance and other related costs | 621 |  |  | 183 |
Allocated asset impairment charges | 543 |  |  | — |
Total Charges for Restructuring and Impairment | $ | 3,567 |  |  | $ | 734 |

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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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