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Rationalizations (Tables) | 12 Months Ended
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Dec. 31, 2015
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | Charges incurred related to the 2014 Engineered Solutions rationalization initiatives in 2014 and 2015 are as follows:
|  | Predecessor |  | Successor
2014 Engineered Solutions Rationalization |  | For the Year Ended December 31, 2014 |  | For the Period January 1, 2015 Through August 14, 2015 |  | For the Period August 15, 2015 Through December 31, 2015
|  | Engineered Solutions Segment
|  | (Dollars in thousands)
Recorded in Cost of Sales |  |
Accelerated depreciation |  | $ | 2,802 |  |  | $ | — |  |  | $ | — |
Inventory loss |  | 13,225 |  |  | 571 |  |  | (80 | )
Fixed asset write-offs and other |  | 1,046 |  |  | 372 |  |  | (229 | )
Recorded in Rationalizations |  |
Severance and related costs |  | 2,498 |  |  | (713 | ) |  | — |
Contract terminations |  | 195 |  |  | 50 |  |  | — |
Total |  | $ | 19,766 |  |  | $ | 280 |  |  | $ | (309 | )
Charges incurred related to the 2015 Advanced Graphite Materials rationalization initiative are as follows:
| Predecessor |  | Successor
2015 Advanced Graphite Materials Rationalization |  | For the Period January 1 Through August 14, 2015 |  | For the Period August 15 Through December 31, 2015
| Engineered Solutions Segment
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |
Inventory loss |  | $ | 404 |  |  | $ | (47 | )
Fixed asset write-offs and other |  | 434 |  |  | 855 |
Recorded in Selling and General Administrative |  |  |
Other |  | 755 |  |  | 1,213 |
Recorded in Rationalizations |  |  |
Severance and related costs |  | 4,838 |  |  | 769 |
Contract terminations |  | 154 |  |  | 22 |
Total |  | $ | 6,585 |  |  | $ | 2,812 |
Charges incurred related to the 2014 Corporate and Research & Development rationalization initiatives for 2014 and 2015 are as follows:
2014 Corporate, Research and Development Plan |  | For the Year Ended December 31, 2014 (Predecessor) |
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |
|  | (Dollars in thousands) |
Recorded in Cost of Sales |  |  |
Accelerated depreciation |  | $ | — |  |  | $ | 20 |  |  | $ | — |  |  | $ | 20 |  |
Fixed asset write-offs and other |  | 178 |  |  | — |  |  | — |  |  | 178 |  |
Recorded in Research and Development |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | 2,312 |  |  | 2,312 |  |
Recorded in Selling and General Administrative |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | 608 |  |  | 608 |  |
Other |  | — |  |  | — |  |  | 515 |  |  | 515 |  |
Recorded in Rationalizations |  |  |
Severance and related costs |  | 4,608 |  |  | 644 |  |  | 2,844 |  |  | 8,096 |  |
Contract terminations |  | — |  |  | 73 |  |  | 11 |  |  | 84 |  |
Total |  | $ | 4,786 |  |  | $ | 737 |  |  | $ | 6,290 |  |  | $ | 11,813 |  |
2014 Corporate, Research and Development Plan |  | For the Period January 1 Through August 14, 2015 (Predecessor) |
| 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 |  |
Recorded in Research and Development |  |  |
Accelerated depreciation |  | — |  |  | — |  |  | 940 |  |  | 940 |  |
Recorded in Selling and General Administrative |  |  |
Other |  | 400 |  |  | — |  |  | 954 |  |  | 1,354 |  |
Recorded in Rationalizations |  |  |
Severance and related costs |  | 60 |  |  | 8 |  |  | (168 | ) |  | (100 | ) |
Total |  | $ | 460 |  |  | $ | 9 |  |  | $ | 1,726 |  |  | $ | 2,195 |  |
2014 Corporate, Research and Development Plan |  | For the Period August 15 Through December 31, 2015 (Successor) |
| Industrial Materials Segment |  | Engineered Solutions Segment |  | Corp, R&D and Other |  | Total |
|  | (Dollars in thousands) |
Recorded in Selling and General Administrative |  |  |
Other |  | $ | — |  |  | $ | — |  |  | $ | 290 |  |  | $ | 290 |  |
Recorded in Rationalizations |  |  |
Severance and related costs |  | (23 | ) |  | — |  |  | 71 |  |  | 48 |  |
Total |  | $ | (23 | ) |  | $ | — |  |  | $ | 361 |  |  | $ | 338 |  |
Charges incurred related to the 2013 rationalization initiatives for the year ended December 31, 2014 and 2015 are as follows:
| For the Year Ended December 31, 2013
2013 Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 28,326 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,326 |
Inventory loss | 7,886 |  |  | 896 |  |  | — |  |  | 8,782 |
Fixed asset write-offs and other | 6,104 |  |  | 2,274 |  |  | — |  |  | 8,378 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 59 |  |  | — |  |  | — |  |  | 59 |
Recorded in Rationalizations |  |  |  |  |  |  |
Severance and related costs | 17,072 |  |  | 458 |  |  | 1,816 |  |  | 19,346 |
Contract terminations | 810 |  |  | — |  |  | — |  |  | 810 |
Total 2013 rationalization plan and related charges | $ | 60,257 |  |  | $ | 3,628 |  |  | $ | 1,816 |  |  | $ | 65,701 |
| For the Year Ended December 31, 2014
2013 Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 22,388 |  |  | 827 |  |  | — |  |  | 23,215 |
Inventory loss | 961 |  |  | 485 |  |  | — |  |  | 1,446 |
Fixed asset write-offs and other | 5,374 |  |  | 233 |  |  |  |  | 5,607 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 89 |  |  | — |  |  |  |  | 89 |
Recorded in Rationalizations |  |  |  |  |  |  |  |  |  |  |
Severance and related costs | 433 |  |  | (28 | ) |  | — |  |  | 405 |
Contract terminations | 469 |  |  | — |  |  | — |  |  | 469 |
Total 2013 rationalization plan and related charges | $ | 29,714 |  |  | $ | 1,517 |  |  | $ | — |  |  | $ | 31,231 |
| For the Period January 1 Through August 14, 2015 (Predecessor)
2013 Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 432 |  |  | — |  |  | — |  |  | 432 |
Inventory loss | (33 | ) |  | — |  |  | — |  |  | (33 | )
Fixed asset write-offs and other | 1,715 |  |  | 270 |  |  |  |  | 1,985 |
Recorded in Rationalizations |  |  |  |  |  |  |  |
Severance and related costs | 97 |  |  | 156 |  |  | — |  |  | 253 |
Contract terminations | 25 |  |  | — |  |  | — |  |  | 25 |
Total 2013 rationalization plan and related charges | $ | 2,236 |  |  | $ | 426 |  |  | $ | — |  |  | $ | 2,662 |
| For the Period August 15 Through December 31, 2015 (Successor)
2013 Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Inventory loss | $ | (278 | ) |  | $ | (29 | ) |  |  |  | $ | (307 | )
Fixed asset write-offs and other | 329 |  |  | 71 |  |  |  |  | 400 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 245 |  |  | — |  |  | — |  |  | 245 |
Recorded in Rationalizations |  |  |  |  |  |  |  |
Severance and related costs | 177 |  |  | — |  |  | — |  |  | 177 |
Contract terminations | 59 |  |  | — |  |  | — |  |  | 59 |
Total 2013 rationalization plan and related charges | $ | 532 |  |  | $ | 42 |  |  | $ | — |  |  | $ | 574 |
Throughout 2014 and 2015 the Company undertook rationalization plans in order to streamline our organization and lower our production costs. The following tables summarize the total rationalization and related charges incurred during 2014 and 2015 followed by the details of each plan.
| For the Year Ended December 31, 2013 (Predecessor)
All Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 28,326 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,326 |
Inventory loss | 7,886 |  |  | 896 |  |  | — |  |  | 8,782 |
Fixed asset write-offs and other | 6,104 |  |  | 2,274 |  |  | — |  |  | 8,378 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 59 |  |  | — |  |  | — |  |  | 59 |
Recorded in Rationalizations |  |  |  |  |  |  |
Severance and related costs | 17,072 |  |  | 458 |  |  | 1,816 |  |  | 19,346 |
Contract terminations | 810 |  |  | — |  |  | — |  |  | 810 |
Total 2013 rationalization and related charges | $ | 60,257 |  |  | $ | 3,628 |  |  | $ | 1,816 |  |  | $ | 65,701 |
| For the Year Ended December 31, 2014 (Predecessor)
All Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 22,388 |  |  | $ | 3,649 |  |  | $ | — |  |  | $ | 26,037 |
Inventory loss | 961 |  |  | 13,711 |  |  | — |  |  | 14,672 |
Fixed asset write-offs and other | 5,552 |  |  | 1,278 |  |  | — |  |  | 6,830 |
Recorded in Research and Development |  |  |  |  |  |
Accelerated depreciation | — |  |  | — |  |  | 2,312 |  |  | 2,312 |
Recorded in Selling and General Administrative |  |  |  |  |  |  |
Accelerated depreciation | — |  |  | — |  |  | 608 |  |  | 608 |
Other | 89 |  |  | 121 |  |  | 515 |  |  | 725 |
Recorded in Rationalizations |  |  |  |  |  |  |
Severance and related costs | 5,040 |  |  | 3,113 |  |  | 2,845 |  |  | 10,998 |
Contract terminations | 469 |  |  | 146 |  |  | 11 |  |  | 626 |
Impairment of long-lived assets | — |  |  | 121,570 |  |  | — |  |  | 121,570 |
Total 2014 rationalization and related charges | $ | 34,499 |  |  | $ | 143,588 |  |  | $ | 6,291 |  |  | $ | 184,378 |
| For the Period January 1 Through August 14, 2015 (Predecessor)
All Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Accelerated depreciation | $ | 432 |  |  | $ | — |  |  | $ | 940 |  |  | 1,372 |
Inventory loss | (33 | ) |  | 975 |  |  | — |  |  | 942 |
Fixed asset write-offs and other | 1,715 |  |  | 1,078 |  |  | — |  |  | 2,793 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 400 |  |  | 755 |  |  | 954 |  |  | 2,109 |
Recorded in Rationalizations |  |  |  |  |  |  |
Severance and related costs | 157 |  |  | 4,288 |  |  | (168 | ) |  | 4,277 |
Contract terminations | 25 |  |  | 204 |  |  | — |  |  | 229 |
Total | $ | 2,696 |  |  | $ | 7,300 |  |  | $ | 1,726 |  |  | $ | 11,722 |
| For the Period August 15 Through December 31, 2015 (Successor)
All Plans | Industrial Materials Segment |  | Engineered Solutions Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |  |  |
Inventory loss | $ | (639 | ) |  | $ | 206 |  |  | $ | — |  |  | $ | (433 | )
Fixed asset write-offs and other | 329 |  |  | 697 |  |  | — |  |  | 1,026 |
Recorded in Selling and General Administrative |  |  |  |  |  |
Other | 135 |  |  | 1,323 |  |  | 290 |  |  | 1,748 |
Recorded in Rationalizations |  |  |  |  |  |  |
Severance and related costs | 154 |  |  | 769 |  |  | 71 |  |  | 994 |
Contract terminations | 59 |  |  | 22 |  |  | — |  |  | 81 |
Total | $ | 38 |  |  | $ | 3,017 |  |  | $ | 361 |  |  | $ | 3,416 |
Schedule of Restructuring Reserve by Type of Cost | The following table represents the roll-forward of the liability incurred for employee termination benefits and contract termination costs incurred in connection with the rationalization initiatives described above. This liability is recorded as a current liability on the Consolidated Balance Sheet.
| (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 | 40 |
Change in estimates | 227 |
Payments and settlements | (1,102 | )
Effect of change in currency exchange rates | (155 | )
Balance as of August 14, 2015 | $ | 45 |
Charges incurred | 154 |
Change in estimates | 67 |
Payments and settlements | (17 | )
Effect of change in currency exchange rates | (59 | )
Balance as of December 31, 2015 | $ | 190 |
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.
| (Dollars in thousands)
Balance as of December 31, 2013 | $ | — |
Charges incurred | 2,611 |
Change in estimates | (40 | )
Payments and settlements | (916 | )
Effect of change in currency exchange rates | — |
Balance as of December 31, 2014 | $ | 1,655 |
Charges incurred | 50 |
Change in estimates | (713 | )
Payments and settlements | (916 | )
Effect of change in currency exchange rates | 1 |
Balance as of August 14, 2015 | $ | 77 |
Change in estimates | (5 | )
Payments and settlements | (72 | )
Balance as of December 31, 2015 | $ | — |
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.
| (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 | (33 | )
Change in estimates | (67 | )
Payments and settlements | (4,611 | )
Effect of change in currency exchange rates | (81 | )
Balance as of August 14, 2015 | $ | 2,081 |
Change in estimates | 47 |
Payments and settlements | (1,127 | )
Effect of change in currency exchange rates | (57 | )
Balance as of December 31, 2015 | $ | 944 |
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 included in "Rationalizations" on the Consolidated Balance Sheets.
2015 Advanced Graphite Materials Rationalization
| (Dollars in thousands)
Balance as of December 31, 2014 | $ | — |
Charges incurred | 5,053 |
Change in estimates | (38 | )
Payments and settlements | (329 | )
Effect of change in currency exchange rates | — |
Balance as of August 14, 2015 | $ | 4,686 |
Charges incurred | 647 |
Payments and settlements | (3,418 | )
Balance as of December 31, 2015 | $ | 1,915 |

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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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