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Rationalizations and Impairments (Tables) | 6 Months Ended
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Jun. 30, 2015
Restructuring and Related Activities [Abstract] |
Rationalization Charges | Charges incurred related to the 2015 Advanced Graphite Materials rationalization initiative for the three and six months ended June 30, 2015 are as follows:
2015 Advanced Graphite Materials Rationalization |  | For the Three Months Ended June 30, 2015 |  | For the Six Months Ended June 30, 2015 |
|  | Engineered Solutions Segment |
Recorded in Cost of Sales |  |
Inventory loss |  | 35 |  |  | 404 |  |
Fixed asset write-offs and other |  | 461 |  |  | 356 |  |
Recorded in Selling and General Administrative |  |
Other |  | 292 |  |  | 295 |  |
Recorded in Rationalizations |  |
Severance and related costs |  | 2,220 |  |  | 4,601 |  |
Contract terminations |  | 154 |  |  | 154 |  |
Total |  | $ | 3,162 |  |  | $ | 5,810 |  |
The total rationalization and related charges incurred during the three and six months ended June 30, 2014 and 2015 are as follows:
All Plans |  | For the Three Months Ended June 30, 2014 |  | For the Three Months Ended June 30, 2015
|  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total
|  |  |  |  |  |  |  |  |  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | $ | 3,832 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 4,245 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Inventory loss |  | (148 | ) |  | 11,057 |  |  | — |  |  | 10,909 |  |  | — |  |  | 144 |  |  | — |  |  | 144 |
Fixed asset write-offs and other |  | 4,403 |  |  | 131 |  |  | — |  |  | 4,534 |  |  | 413 |  |  | 1,072 |  |  | — |  |  | 1,485 |
Recorded in Research and Development |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 319 |  |  | 319 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |  |  |  |
Other |  | 53 |  |  | — |  |  | — |  |  | 53 |  |  | 400 |  |  | 292 |  |  | (276 | ) |  | 416 |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |
Severance and related costs |  | 304 |  |  | — |  |  | — |  |  | 304 |  |  | 104 |  |  | 1,641 |  |  | (130 | ) |  | 1,615 |
Contract terminations |  | 527 |  |  | — |  |  | — |  |  | 527 |  |  | — |  |  | 154 |  |  | — |  |  | 154 |
Total |  | $ | 8,971 |  |  | $ | 11,601 |  |  | $ | — |  |  | $ | 20,572 |  |  | $ | 917 |  |  | $ | 3,303 |  |  | $ | (87 | ) |  | $ | 4,133 |
In the three months ended June 30, 2015, in connection with our rationalization initiatives, two sites, located respectively in Salvador, Brazil and in Pennsylvania, United States, substantially completed their decommissioning efforts and met the criteria for assets held for sale. Because the carrying value of the sites did not exceed their estimated fair value, no additional impairment was recorded. As of June 30, 2015, the sites held for sale represent $1.7 million of assets reported under "Property, plant and equipment" and $0.5 million of liabilities, reported under "Other accrued liabilities".
All Plans |  | For the Six Months Ended June 30, 2014 |  | For the Six Months Ended June 30, 2015
|  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total
|  |  |  |  |  |  |  |  |  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | $ | 20,852 |  |  | $ | 826 |  |  | $ | — |  |  | $ | 21,678 |  |  | $ | 432 |  |  | $ | — |  |  | $ | — |  |  | $ | 432 |
Inventory loss |  | 667 |  |  | 11,048 |  |  | — |  |  | 11,715 |  |  | (61 | ) |  | 947 |  |  | — |  |  | 886 |
Fixed asset write-offs and other |  | 3,909 |  |  | 131 |  |  | — |  |  | 4,040 |  |  | 1,655 |  |  | 973 |  |  | — |  |  | 2,628 |
Recorded in Research and Development |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 940 |  |  | 940 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |  |  |  |
Other |  | 78 |  |  | — |  |  | — |  |  | 78 |  |  | 400 |  |  | 295 |  |  | 790 |  |  | 1,485 |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |
Severance and related costs |  | 418 |  |  | (28 | ) |  | — |  |  | 390 |  |  | 157 |  |  | 4,006 |  |  | (130 | ) |  | 4,033 |
Contract terminations |  | 528 |  |  | — |  |  | — |  |  | 527 |  |  | 25 |  |  | 204 |  |  | — |  |  | 229 |
Total |  | $ | 26,452 |  |  | $ | 11,977 |  |  | $ | — |  |  | $ | 38,428 |  |  | $ | 2,608 |  |  | $ | 6,425 |  |  | $ | 1,600 |  |  | $ | 10,633 |
Charges incurred related to the 2013 rationalization initiatives for the six months ended June 30, 2014 and June 30, 2015 are as follows:
2013 Plans |  | For the Three Months Ended June 30, 2014 |  | For the Three Months Ended June 30, 2015
|  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total
|  |  |  |  |  |  |  |  |  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | $ | 3,832 |  |  | $ | 413 |  |  | $ | — |  |  | $ | 4,245 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Inventory loss |  | (148 | ) |  | 496 |  |  | — |  |  | 348 |  |  | — |  |  | — |  |  | — |  |  | — |
Fixed asset write-offs and other |  | 4,403 |  |  | 131 |  |  | — |  |  | 4,534 |  |  | 413 |  |  | 249 |  |  | — |  |  | 662 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |  |  |  |
Other |  | 52 |  |  | — |  |  | — |  |  | 52 |  |  | — |  |  | — |  |  | — |  |  | — |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |
Severance and related costs |  | 304 |  |  | — |  |  | — |  |  | 304 |  |  | 10 |  |  | 146 |  |  | — |  |  | 156 |
Contract terminations |  | 528 |  |  | — |  |  | — |  |  | 528 |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 8,971 |  |  | $ | 1,040 |  |  | $ | — |  |  | $ | 10,011 |  |  | $ | 423 |  |  | $ | 395 |  |  | $ | — |  |  | $ | 818 |
2013 Plans |  | For the Six Months Ended June 30, 2014 |  | For the Six Months Ended June 30, 2015
|  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total
|  |  |  |  |  |  |  |  |  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | $ | 20,852 |  |  | $ | 826 |  |  | $ | — |  |  | $ | 21,678 |  |  | $ | 432 |  |  | $ | — |  |  | $ | — |  |  | $ | 432 |
Inventory loss |  | 667 |  |  | 486 |  |  | — |  |  | 1,153 |  |  | (61 | ) |  | — |  |  | — |  |  | (61 | )
Fixed asset write-offs and other |  | 3,909 |  |  | 131 |  |  | — |  |  | 4,040 |  |  | 1,655 |  |  | 258 |  |  | — |  |  | 1,913 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |  |  |  |
Other |  | 78 |  |  | — |  |  | — |  |  | 78 |  |  | — |  |  | — |  |  | — |  |  | — |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |
Severance and related costs |  | 418 |  |  | (28 | ) |  | — |  |  | 390 |  |  | 97 |  |  | 146 |  |  | — |  |  | 243 |
Contract terminations |  | 528 |  |  | — |  |  | — |  |  | 528 |  |  | 25 |  |  | — |  |  | — |  |  | 25 |
Total |  | $ | 26,452 |  |  | $ | 1,415 |  |  | $ | — |  |  | $ | 27,867 |  |  | $ | 2,148 |  |  | $ | 404 |  |  | $ | — |  |  | $ | 2,552 |
Charges incurred related to the 2014 Engineered Solutions rationalization initiatives in 2015 are as follows:
2014 Engineered Solutions Rationalization |  | For the Three Months Ended June 30, 2014 |  |  | For the Three Months Ended June 30, 2015 |
|  | Engineered Solutions Segment |
|  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |
Inventory loss |  | 10,562 |  |  |  | 109 |  |
Fixed asset write-offs and other |  | — |  |  |  | 360 |  |
Recorded in Rationalizations |  |  |
Severance and related costs |  | — |  |  |  | (733 | ) |
Total |  | $ | 10,562 |  |  |  | $ | (264 | ) |
2014 Engineered Solutions Rationalization |  | For the Six Months Ended June 30, 2014 |  |  | For the Six Months Ended June 30, 2015 |
|  | Engineered Solutions Segment |
|  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |
Inventory loss |  | $ | 10,562 |  |  |  | $ | 543 |  |
Fixed asset write-offs and other |  | — |  |  |  | 358 |  |
Recorded in Rationalizations |  |  |
Severance and related costs |  | — |  |  |  | (749 | ) |
Contract terminations |  | — |  |  |  | 50 |  |
Total |  | $ | 10,562 |  |  |  | $ | 202 |  |
Charges incurred related to the 2014 Corporate and Research & Development rationalization initiatives for 2015 are as follows:
2014 Corporate, Research and Development Rationalization |  | For the Three Months Ended June 30, 2015 |  | For the Six Months Ended June 30, 2015
|  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |  | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total
|  |  |  |  |  |  |  |  |  | (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |  |  |  |
Fixed asset write-offs and other |  | — |  |  | 1 |  |  | — |  |  | $ | 1 |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Recorded in Research and Development |  |  |  |  |  |  |  |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | 319 |  |  | $ | 319 |  |  | — |  |  | — |  |  | 940 |  |  | 940 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |  |  |  |
Other |  | 400 |  |  | — |  |  | (276 | ) |  | $ | 124 |  |  | 400 |  |  | — |  |  | 790 |  |  | 1,190 |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |
Severance and related costs |  | 94 |  |  | 8 |  |  | (130 | ) |  | $ | (28 | ) |  | 60 |  |  | 8 |  |  | (130 | ) |  | (62 | )
Total |  | $ | 494 |  |  | $ | 9 |  |  | $ | (87 | ) |  | $ | 416 |  |  | $ | 460 |  |  | $ | 9 |  |  | $ | 1,600 |  |  | $ | 2,069 |
Schedule of Restructuring Reserve | he 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 Sheets.
2015 Advanced Graphite Materials Rationalization
| (Dollars in thousands)
Balance as of December 31, 2014 | $ | — |
Charges incurred | 4,834 |
Payments and settlements | (263 | )
Effect of change in currency exchange rates | (38 | )
Balance as of June 30, 2015 | $ | 4,533 |
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 Sheets.
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 | (34 | )
Change in estimates | (28 | )
Payments and settlements | (4,199 | )
Effect of change in currency exchange rates | (5 | )
Balance as of June 30, 2015 | $ | 2,607 |
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 Sheets.
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 | (749 | )
Payments and settlements | (780 | )
Balance as of June 30, 2015 | $ | 176 |
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 Consolidated Balance Sheets.
2013 Plans
| (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 | 41 |
Change in estimates | 229 |
Payments and settlements | (1,132 | )
Effect of change in currency exchange rates | (91 | )
Balance as of June 30, 2015 | $ | 82 |

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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 50 -Paragraph 1 -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) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 3: 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 + 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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