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Restructuring and Impairment Charges | 9 Months Ended
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Sep. 30, 2018
Restructuring and Related Activities [Abstract] |
Restructuring and Impairment Charges | Restructuring and Impairment Charges Global Headquarters Relocation In the second quarter of 2017, we completed the physical relocation of our global headquarters from Rogers, Connecticut to Chandler, Arizona. We recorded an immaterial amount of expense in the three months ended September 30, 2018 and $0.6 million of expense in the three months ended September 30, 2017, related to this project. Additionally, we recorded $0.5 million and $2.4 million in the nine months ended September 30, 2018 and 2017, respectively, related to this project. Severance activity related to the headquarters relocation is presented in the table below for the nine months ended September 30, 2018:
(Dollars in thousands) | Severance Related to Headquarters Relocation
Balance at December 31, 2017 | $ | 183 |
Provisions | 118 |
Payments | (264 | )
Balance at September 30, 2018 | $ | 37 |
The fair value of the total severance benefits to be paid (including payments already made) in connection with the relocation is $1.1 million, of which we expensed an immaterial amount in the three months ended September 30, 2018 and 2017 and $0.1 million and $0.4 million in the nine months ended September 30, 2018 and 2017, respectively. The total severance costs are being expensed ratably over the required service period for the affected employees. Facility Consolidation On April 24, 2018, we made the decision to relocate our Santa Fe Springs, California operations to the Company’s facilities in Carol Stream, Illinois and Bear, Delaware. We expect to incur restructuring expenses of approximately $2.0 million in connection with the closure and transfer of production capabilities to the Carol Stream, Illinois and Bear, Delaware facilities. These costs include approximately $0.8 million in severance and retention expenses and $1.2 million of costs related to the relocation of equipment. The Company estimates that approximately $1.5 million and $0.5 million of the costs will be incurred in fiscal years 2018 and 2019, respectively. Completion of the transfer, and start-up of production at the Carol Stream, Illinois and Bear, Delaware facilities, is expected to require capital expenditures of approximately $1.2 million to $1.4 million. We recorded $0.5 million and $1.0 million of expense related to this project in the three and nine months ended September 30, 2018, respectively. Severance activity related to the facility consolidation is presented in the table below for the nine months ended September 30, 2018:
(Dollars in thousands) | Severance Related to Facility Consolidation
Balance at December 31, 2017 | $ | — |
Provisions | 395 |
Payments | (14 | )
Balance at September 30, 2018 | $ | 381 |
The fair value of the total severance benefits to be paid (including payments already made) in connection with the relocation is $0.8 million. This total is being expensed ratably over the required service period for the affected employees. We incurred $0.3 million and $0.6 million of severance related expenses during the three and nine months ended September 30, 2018, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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