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Restructuring and Impairment Charges
9 Months Ended
Sep. 30, 2018
Restructuring and Impairment Charges [Abstract]  
Restructuring and Impairment Charges

Note 16 – Restructuring and Impairment Charges



In the first quarter of 2017, in response to lower order trends in the industry, the Company announced reductions to its salaried workforce, initiatives to reduce discretionary spending and the idling of the Company’s Danville, Illinois facility.  In connection with the Company’s cost reduction program, the Company recorded restructuring charges of $59 during the three months ended September 30, 2017 and $2,205 during the nine months ended September 30, 2017. Restructuring and impairment charges for the nine months ended September 30, 2017 included employee severance and other employment termination costs and pension and postretirement benefit plan curtailment and special termination benefits of $1,872 and non-cash impairment charges of $333 for property, plant and equipment at our idled Danville, Illinois facility. As a result of implementing ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, as of January 1, 2018, restructuring and impairment charges of $0 for the three months ended September 30, 2017 and $420 for the nine months ended September 30, 2017 have been reclassified as other income (expense) in the Condensed Consolidated Statement of Operations.  There were no restructuring and impairment charges during the three or nine months ended September 30, 2018.