XML 71 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring | 12 Months Ended
--- | ---
Dec. 31, 2012
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | 11. Restructuring On October 29, 2007, the Company announced restructuring initiatives to improve manufacturing efficiency and cost position by ceasing manufacturing operations at its Sarasota, Florida (Control Devices reportable segment) and Mitcheldean, United Kingdom (Electronics reportable segment) locations. During 2008 and 2009, in response to the depressed conditions in the North American and European commercial and automotive vehicle markets, the Company continued and expanded the restructuring initiatives in the Control Devices and Electronics reportable segments. While the initiatives were completed in 2009 in regards to the Control Devices reportable segment, in 2010 the Company continued restructuring initiatives within the Electronics reportable segment and recorded amounts related to its cancelled property lease in Mitcheldean, United Kingdom. During the third quarter of 2012, the Company finalized a settlement agreement to modify the terms of and the obligation associated with the property consistent with previous estimates. As a result of the restructuring plan approved on October 29, 2007, the manufacturing facility located in Sarasota, Florida was closed in 2008. During the year ended December 31, 2011, the Company sold the facility and recognized a gain of $95 as a component of selling, general and administrative. In connection with the Electronics segment restructuring initiative, the Company recorded restructuring charges during the year ended December 31, 2012 and 2011 of $256 and $951, respectively, as part of selling, general and administrative expense. At December 31, 2012 and 2011, the only remaining restructuring related accrual relates to the cancelled property lease in Mitcheldean, United Kingdom, for which the Company has accrued $765 and $1,920, respectively, on the consolidated balance sheets of which $419 and $467, respectively, is a component of other long-term liabilities. The decrease in the accrual was due to the payment made in conjunction with the settlement agreement with the property landlord. The expenses related to the restructuring activities that belong to the Electronics reportable segment include the following:
|  |  |  |  | Contract |  |  |  |
|  | Severance |  |  | termination |  |  |  |
|  | costs |  |  | costs |  |  | Total |
Accrued balance at January 1, 2010 |  | $ | 127 |  |  | $ | 1,423 |  |  | $ | 1,550 |
2010 charge to expense |  |  | 183 |  |  |  | 121 |  |  |  | 304 |
Foreign currency translation effect |  |  | - |  |  |  | 64 |  |  |  | 64 |
Cash payments |  |  | (310 | ) |  |  | (491 | ) |  |  | (801 | )
Accrued balance at December 31, 2010 |  |  | - |  |  |  | 1,117 |  |  |  | 1,117 |
2011 charge to expense |  |  | - |  |  |  | 951 |  |  |  | 951 |
Foreign currency translation effect |  |  | - |  |  |  | (148 | ) |  |  | (148 | )
Cash payments |  |  | - |  |  |  | - |  |  |  | - |
Accrued balance at December 31, 2011 |  |  | - |  |  |  | 1,920 |  |  |  | 1,920 |
2012 charge to expense |  |  | - |  |  |  | 256 |  |  |  | 256 |
Foreign currency translation effect |  |  | - |  |  |  | 172 |  |  |  | 172 |
Cash payments |  |  | - |  |  |  | (1,583 | ) |  |  | (1,583 | )
Accrued balance at December 31, 2012 |  | $ | - |  |  | $ | 765 |  |  | $ | 765 |
There were no restructuring expenses related to the Wiring or Control Devices reportable segments during the years ended December 31, 2012, 2011 or 2010. In response to a change in customer demand, the PST segment incurred and paid business realignment charges of $1,646 for the year ended December 31, 2012, of which $729 was recorded in cost of goods sold with the remainder recorded in selling, general and administrative expenses. The charges consist primarily of severance costs related to workforce reductions. All restructuring charges, except for asset-related charges, result in cash outflows. Severance costs relate to a reduction in workforce. Contract termination costs represent costs associated with long-term lease obligations that were cancelled as part of the restructuring initiatives.

X
- 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 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 Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: 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=6394695&loc=d3e140904-122747 Reference 5: 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=6394695&loc=d3e140864-122747 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration