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Thailand Flood Related Items
9 Months Ended
Sep. 30, 2013
Thailand Flood Related Items [Abstract]  
Thailand Flood Related Items

Note 14 – Thailand Flood Related Items

The Company's facilities in Ayudhaya, Thailand were flooded and remained closed from October 13, 2011 to December 20, 2011. As a result of the flooding and temporary closing of these facilities, the Company incurred property losses and flood related costs during 2012 and 2011 which were partially offset by insurance recoveries. During the nine months ended September 30, 2013, the Company received $9.8 million of insurance proceeds and incurred $0.1 million of flood related costs. During the nine months ended September 30, 2012, the Company recognized flood related charges totaling $16.0 million offset by insurance recoveries totaling $4.2 million. The Company will record additional insurance recoveries when the appropriate recognition criteria have been met. Although the Company's management is in ongoing negotiations with insurance companies and expects to finalize all insurance recoveries within the next few quarters, the Company cannot estimate the timing of the receipt of insurance proceeds it will ultimately realize. As a result of the flooding, the Company has been unable to renew or otherwise obtain adequate cost-effective flood insurance to cover assets at its facilities in Thailand. The Company continues to investigate all flood risk-mitigation alternatives in Thailand. In the event the Company was to experience a significant uninsured loss in Thailand or elsewhere, it could have a material adverse effect on its business, financial condition and results of operations.