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RESTRUCTURING

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

RESTRUCTURING

RESTRUCTURING

During the fourth quarter of 2017, NobelClad announced plans to consolidate its European production facilities by closing manufacturing operations in France. During the third quarter of 2018, final approval of the proposed measures was granted by the local workers council, in accordance with applicable French law. NobelClad completed the closure of the Rivesaltes production facility in the fourth quarter of 2018 but is maintaining its sales and administrative office in France. During the second quarter of 2019, NobelClad sold its production facility and related assets and recognized a gain of $519. NobelClad also recorded an additional accrual of $712 for known and probable severance liabilities related to employees terminated as part of closing the manufacturing operations in France. The additional severance accrual was recorded based, in part, on a successful appeal of the severance benefits by some terminated employees during the second quarter of 2019.

Total restructuring and impairment charges incurred for these programs are as follows and are reported in the “Restructuring expenses, net” line item in our Condensed Consolidated Statements of Operations:

	Three months ended June 30, 2019
	Severance				Gain on asset disposal				Contract Termination Costs				Equipment Moving Costs				Other Exit Costs				Total
NobelClad	$	712			$	(519	)		$	4			$	82			$	45			$	324

	Six months ended June 30, 2019
	Severance				Gain on asset disposal				Contract Termination Costs				Equipment Moving Costs				Other Exit Costs				Total
NobelClad	$	712			$	(636	)		$	43			$	227			$	56			$	402

	Three months ended June 30, 2018
	Severance				Other Exit Costs				Total
NobelClad	$	182			$	35			$	217

	Six months ended June 30, 2018
	Severance				Other Exit Costs				Total
NobelClad	$	235			$	126			$	361

During the six months ended June 30, 2019, the changes to the restructuring liability associated with these programs is summarized below:

	December 31, 2018				Net expense (1)				Payments and Other Adjustments				June 30, 2019
Severance	$	1,105			$	712			$	(677	)		$	1,140
Contract termination costs	—				43				(43		)		—
Equipment moving costs	8				227				(234		)		1
Other exit costs	42				56				(96		)		2
Total	$	1,155			$	1,038			$	(1,050	)		$	1,143

(1) Excluding gain on asset disposal

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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