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Restructuring and Impairment Charges
12 Months Ended
Dec. 31, 2017
Restructuring and Impairment Charges [Abstract]  
Restructuring and Impairment Charges

Note 7 – Restructuring and Impairment Charges



On August 1, 2016, the Company announced a cost reduction program whereby approximately 15% of the Company’s salaried administrative workforce would be eliminated, its Johnstown, Pennsylvania administrative facility would be closed and certain discretionary spending would be reduced. During the year ended December 31, 2016, the Company recorded restructuring and impairment charges of $2,261, which consisted primarily of non-cash impairment charges of $1,255 for property, plant and equipment at the Company’s Johnstown, Pennsylvania administrative facility and employee severance and other employment termination costs of $1,006.  



In the first quarter of 2017, in response to lower order trends in the industry, the Company announced further reductions to its salaried workforce, initiatives to reduce discretionary spending and the idling of the Company’s Danville, Illinois facility.  In connection with this cost reduction program, the Company recorded restructuring charges of $1,879 during the year ended December 31, 2017, which consisted primarily of employee severance and other employment termination costs, and pension and postretirement benefit plan curtailment and special termination benefits. During the year ended December 31, 2017, the Company recorded non-cash impairment charges of $333 for property, plant and equipment at the Company’s idled Danville, Illinois manufacturing facility.  Restructuring and impairment charges are reported as a separate line item on the Company’s consolidated statements of operations.  Approximately $250 and $371 of employee severance and other employment termination costs relating to the 2016 and 2017 cost reduction programs remained outstanding as of December 31, 2017 and 2016, respectively.