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Rationalizations and Impairments (Tables) | 3 Months Ended
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Mar. 31, 2015
Restructuring and Related Activities [Abstract] |
Rationalization Charges | Charges incurred related to the 2014 Corporate and Research & Development rationalization initiatives for 2015 are as follows:
2014 Corporate and R&D Plan | For the Three Months Ended March 31, 2015
| Industrial Materials Segment |  | Corporate, R&D and Other
| (Dollars in thousands) |  | (Dollars in thousands)
Accelerated depreciation (recorded in Research and development) | $ | — |  |  | $ | 621 |
Other (recorded in Selling and administrative) | — |  |  | 1,066 |
Severance and related costs (recorded in Rationalizations) | (34 | ) |  | — |
Total | $ | (34 | ) |  | $ | 1,687 |
Charges incurred related to the 2014 Engineered Solutions rationalization initiatives in 2015 are as follows:
2014 Engineered Solutions Plan |  | For the Three Months Ended March 31, 2015
|  | (Dollars in thousands)
Inventory loss (recorded in Cost of sales) |  | 434 |
Fixed asset write-offs and other(recorded in Cost of sales) |  | (3 | )
Severance and related costs (recorded in Rationalizations) |  | (16 | )
Contract terminations (recorded in Rationalizations) |  | 50 |
Total |  | $ | 465 |
Charges incurred related to the 2013 rationalization initiatives for the three months ended March 31, 2014 and March 31, 2015 are as follows:
2013 Plan | For the Three Months Ended March 31, 2014
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Accelerated depreciation (recorded in Cost of sales) | $ | 17,020 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 17,433 |
Inventory loss (recorded in Cost of sales) | 815 |  |  | (10 | ) |  | — |  |  | 805 |
Fixed asset write-offs and other(recorded in Cost of sales) | (494 | ) |  | — |  |  | — |  |  | (494 | )
Other (recorded in Selling and administrative) | 25 |  |  | — |  |  | — |  |  | 25 |
Severance and related costs (recorded in Rationalizations) | 114 |  |  | (28 | ) |  | — |  |  | 86 |
Total | $ | 17,480 |  |  | $ | 375 |  |  | $ | — |  |  | $ | 17,855 |
2013 Plan | For the Three Months Ended March 31, 2015
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Accelerated depreciation (recorded in Cost of sales) | $ | 433 |  |  | $ | — |  |  | $ | — |  |  | $ | 433 |
Inventory loss (recorded in Cost of sales) | (61 | ) |  | — |  |  | — |  |  | (61 | )
Fixed asset write-offs and other(recorded in Cost of sales) | 1,243 |  |  | 9 |  |  | — |  |  | 1,252 |
Severance and related costs (recorded in Rationalizations) | 87 |  |  | — |  |  | — |  |  | 87 |
Contract terminations (recorded in Rationalizations) | 25 |  |  | — |  |  | — |  |  | 25 |
Total | $ | 1,727 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 1,736 |
Charges incurred related to the 2015 Advanced Graphite Materials rationalization initiative for the three months ended March 31, 2015 are as follows:
2015 Advanced Graphite Materials Rationalization | For the Three Months Ended March 31, 2015
| (Dollars in thousands)
Inventory loss (recorded in Cost of sales) | $ | 369 |
Fixed asset write-offs and other(recorded in Cost of sales) | (105 | )
Other (recorded in Selling and administrative) | 3 |
Severance and related costs (recorded in Rationalizations) | 2,382 |
Total | $ | 2,649 |
The total rationalization and related charges incurred during the three months ended March 31, 2014 and 2015 are as follows:
All Plans | For the Three Months Ended March 31, 2014
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Accelerated depreciation (recorded in Cost of sales) | $ | 17,020 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 17,433 |
Inventory loss (recorded in Cost of sales) | 815 |  |  | (10 | ) |  | — |  |  | 805 |
Fixed asset write-offs and other(recorded in Cost of sales) | (494 | ) |  |  |  | — |  |  | (494 | )
Other (recorded in Selling and administrative) | 25 |  |  | — |  |  | — |  |  | 25 |
Severance and related costs (recorded in Rationalizations) | 114 |  |  | (28 | ) |  | — |  |  | 86 |
Total | $ | 17,480 |  |  | $ | 375 |  |  | $ | — |  |  | $ | 17,855 |
All Plans | For the Three Months Ended March 31, 2015
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Accelerated depreciation (recorded in Cost of sales) | $ | 433 |  |  | $ | — |  |  | $ | — |  |  | $ | 433 |
Inventory loss (recorded in Cost of sales) | (61 | ) |  | 803 |  |  | — |  |  | 742 |
Fixed asset write-offs and other(recorded in Cost of sales) | 1,243 |  |  | (99 | ) |  | — |  |  | 1,144 |
Accelerated depreciation (recorded in Research and development) | — |  |  | — |  |  | 621 |  |  | 621 |
Other (recorded in Selling and administrative) | — |  |  | 3 |  |  | 1,066 |  |  | 1,069 |
Severance and related costs (recorded in Rationalizations) | 53 |  |  | 2,366 |  |  | — |  |  | 2,419 |
Contract terminations (recorded in Rationalizations) | 25 |  |  | 50 |  |  | — |  |  | 75 |
Total | $ | 1,693 |  |  | $ | 3,123 |  |  | $ | 1,687 |  |  | $ | 6,503 |
Schedule of Restructuring Reserve | The following table represents the roll-forward of the liability incurred for employee termination benefits and contract termination costs incurred in connection with the 2014 Engineered Solutions rationalization initiatives described above. This liability is recorded as a current liability on the Consolidated Balance Sheet.
2014 Engineered Solutions Plan
| (Dollars in thousands)
Balance as of December 31, 2013 | $ | — |
Charges incurred | 2,611 |
Change in estimates | (40 | )
Payments and settlements | (916 | )
Balance as of December 31, 2014 | 1,655 |
Charges incurred | 50 |
Change in estimates | (16 | )
Payments and settlements | (434 | )
Balance as of March 31, 2015 | $ | 1,255 |
The following table represents the roll-forward of the liability incurred for employee termination benefits and contract termination costs incurred in connection with the the rationalization initiatives described above. This liability is recorded as a current liability on the 2013 Consolidated Balance Sheet.
2013 Plan
| (Dollars in thousands)
Balance as of December 31, 2013 | $ | 18,421 |
Charges incurred | 613 |
Change in estimates | 153 |
Payments and settlements | (16,494 | )
Effect of change in currency exchange rates | (1,658 | )
Balance as of December 31, 2014 | 1,035 |
Charges incurred | — |
Change in estimates | 112 |
Payments and settlements | (549 | )
Effect of change in currency exchange rates | (108 | )
Balance as of March 31, 2015 | $ | 490 |
The following table represents the roll-forward of the liability incurred for employee termination benefits and contract termination costs incurred in connection with the 2015 Advanced Graphite Materials rationalization initiative described above. This liability is recorded as a current liability on the Consolidated Balance Sheet.
2015 Advanced Graphite Materials Rationalization
| (Dollars in thousands)
Balance as of December 31, 2014 | $ | — |
Charges incurred | 2,382 |
Payments and settlements | (36 | )
Effect of change in currency exchange rates | (17 | )
Balance as of March 31, 2015 | $ | 2,329 |
The following table represents the roll-forward of the liability incurred for employee termination benefits and contract termination costs incurred in connection with the 2014 Corporate and Research & Development rationalization initiatives described above. This liability is recorded as a current liability on the Consolidated Balance Sheet.
2014 Corporate and R&D Plan
| (Dollars in thousands)
Balance as of December 31, 2013 | $ | — |
Charges incurred | 8,159 |
Change in estimates | 21 |
Payments and settlements | (1,155 | )
Effect of change in currency exchange rates | (152 | )
Balance as of December 31, 2014 | 6,873 |
Charges incurred | (2 | )
Change in estimates | (34 | )
Payments and settlements | (2,231 | )
Effect of change in currency exchange rates | (48 | )
Balance as of March 31, 2015 | $ | 4,558 |

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- Definition Tabular 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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