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Business Restructuring | 6 Months Ended
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Jun. 30, 2017
Restructuring And Related Activities [Abstract] |
Business Restructuring |
14. | BUSINESS RESTRUCTURING
In May 2016, the Company announced plans to shut down its Longford Mills, Ontario, Canada (Longford Mills) manufacturing facility, a part of the Surfactant reportable segment, by December 31, 2016. The shutdown plan was developed as an effort to improve the Company’s asset utilization in North America and to reduce the Company’s fixed cost base. Manufacturing operations of the Longford Mills plant ceased by the end of 2016, and production of goods manufactured at the facility was transferred to other Company North American production sites. Decommissioning of the assets is expected to continue throughout 2017. As of June 30, 2017, an aggregate of $4,057,000 of expense has been recognized since the beginning of the restructuring, reflecting $1,594,000 of termination benefits for approximately 30 employees and $2,463,000 for other expenses, principally asset decommissioning costs. In total, restructuring expenses related to the Longford Mills shutdown are expected to approximate $4,500,000. Below is a reconciliation of the December 31, 2016 and the June 30, 2017 restructuring liabilities:
(In thousands) |  | Termination Benefits |  |  | Other Expense |  |  | Total |
Restructuring liability at December 31, 2016 |  | $ | 1,548 |  |  | $ | 437 |  |  | $ | 1,985 |
Expense recognized |  |  | — |  |  |  | 786 |  |  |  | 786 |
Amounts paid |  |  | (550 | ) |  |  | (928 | ) |  |  | (1,478 | )
Foreign currency translation |  |  | 17 |  |  |  | 6 |  |  |  | 23 |
Restructuring liability at March 31, 2017 |  | $ | 1,015 |  |  | $ | 301 |  |  | $ | 1,316 |
Expense recognized |  |  | — |  |  |  | 454 |  |  |  | 454 |
Amounts paid |  |  | (168 | ) |  |  | (615 | ) |  |  | (783 | )
Foreign currency translation |  |  | 20 |  |  |  | 3 |  |  |  | 23 |
Restructuring liability at June 30, 2017 |  | $ | 867 |  |  | $ | 143 |  |  | $ | 1,010 |
In June 2017, the Company eliminated 11 positions from manufacturing operations at its Singapore plant, which is part of the Company’s Surfactant segment. The reduction in positions was made to better align the number of personnel with current business requirements and to reduce costs at that site. As a result of the reduction in workforce, termination expense of $132,000 was recognized in the consolidated statements of income for the three and six months ended June 30, 2017. An immaterial amount of the termination pay remained payable at June 30, 2017.

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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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