XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Rationalizations (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2016
Restructuring and Related Activities [Abstract] |
Rationalizations | Rationalizations Throughout 2013, 2014 and 2015 the Company undertook rationalization plans in order to streamline its organization and lower its production costs. On October 31, 2013, we announced a global initiative to reduce our Industrial Materials segment's cost base and improve our competitive position. As part of this initiative, we ceased production at our two highest cost graphite electrode plants, located in Brazil and South Africa, as well as a machine shop in Russia. On July 29, 2014, we announced additional rationalization initiatives to increase profitability, reduce cost and improve global competitiveness in our former Engineered Solutions segment, which impacted our Corporate, R&D and other. During the third quarter of 2014, we announced the conclusion of another phase of our on-going company-wide cost savings assessment. This resulted in changes to the Company’s operating and management structure in order to streamline, simplify and decentralize the organization. These actions were designed to reduce costs by a combination of reduced contractor costs, attrition, early retirements and layoffs. Additionally, the Company downsized its corporate functions by approximately 25 percent, relocated to a smaller, more cost effective corporate headquarters and established a new Technology and Innovation Center. These initiatives were substantially complete as of December 31, 2016. The rationalization liability as of December 31, 2016 was $0.1 million consisting of the plan described below and severance payouts related to prior rationalization plans. In June of 2016, we further impaired assets related to our South African facility within discontinued operations by $0.6 million to reflect a decline in market value. In December 2016, we further impaired assets related to our facility in Brazil within continuing operations by $2.8 million to reflect a decline in market value. The following tables illustrate the impacts of these rationalization initiatives on our results of operations for 2014, 2015 and 2016.
For the Year Ended December 31, 2014 (Predecessor)
| Industrial Materials Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |
Accelerated depreciation | $ | 22,388 |  |  | $ | — |  |  | $ | 22,388 |
Inventory loss | 941 |  |  | — |  |  | 941 |
Fixed asset write-offs and other | 5,552 |  |  | — |  |  | 5,552 |
Recorded in Research and Development |  |  |  |
Accelerated depreciation | — |  |  | 2,312 |  |  | 2,312 |
Recorded in Selling and General Administrative |  |  |  |
Accelerated depreciation | — |  |  | 608 |  |  | 608 |
Other | 89 |  |  | 515 |  |  | 604 |
Recorded in Rationalizations |  |  |  |  |
Severance and related costs | 5,040 |  |  | 2,425 |  |  | 7,465 |
Contract terminations | 469 |  |  | 11 |  |  | 480 |
Total 2014 rationalization and related charges | $ | 34,479 |  |  | $ | 5,871 |  |  | $ | 40,350 |
For the Period January 1 Through August 14, 2015 (Predecessor)
| Industrial Materials Segment |  | Corporate, R&D and Other |  | Total
| (Dollars in thousands)
Recorded in Cost of Sales |  |  |  |  |
Accelerated depreciation | $ | 432 |  |  | $ | 940 |  |  | 1,372 |
Inventory loss | (33 | ) |  | — |  |  | (33 | )
Fixed asset write-offs and other | 1,715 |  |  | — |  |  | 1,715 |
Recorded in Selling and General Administrative |  |  |  |
Other | 400 |  |  | 954 |  |  | 1,354 |
Recorded in Rationalizations |  |  |  |  |
Severance and related costs | 157 |  |  | (168 | ) |  | (11 | )
Contract terminations | 25 |  |  | — |  |  | 25 |
Total | $ | 2,696 |  |  | $ | 1,726 |  |  | $ | 4,422 |
For the Period August 15 Through December 31, 2015 (Successor)
| Industrial Materials Segment |  | Corporate, R&D and Other |  | Total
Recorded in Cost of Sales |  |  |  |  |
Inventory loss | $ | (649 | ) |  | $ | — |  |  | $ | (649 | )
Fixed asset write-offs and other | 329 |  |  | — |  |  | 329 |
Recorded in Selling and General Administrative |  |  |  |
Other | 135 |  |  | 290 |  |  | 425 |
Recorded in Rationalizations |  |  |  |  |
Severance and related costs | 154 |  |  | 71 |  |  | 225 |
Contract terminations | 59 |  |  | — |  |  | 59 |
Total | $ | 28 |  |  | $ | 361 |  |  | $ | 389 |
For the Year Ended December 31, 2016 (Successor)
| Industrial Materials Segment |  | Corporate, R&D and Other |  | Total
Recorded in Cost of Sales |  |  |  |  |
Fixed asset write-offs and other | $ | 636 |  |  | $ | — |  |  | $ | 636 |
Recorded in Selling and General Administrative |  |  |  |
Other | 1,258 |  |  | 412 |  |  | 1,670 |
Recorded in Rationalizations |  |  |  |  |
Severance and related costs | (52 | ) |  | 111 |  |  | 59 |
Total | $ | 1,842 |  |  | $ | 523 |  |  | $ | 2,365 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: 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 2: 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration