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RESTRUCTURING AND INTEGRATION

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND INTEGRATION

3. RESTRUCTURING AND INTEGRATION 

During the second quarter of 2015, the Company began evaluating improvement strategies intended to reorganize, simplify and reduce costs from operations through closer business integration, pursuant to a restructuring and integration plan to be carried out in stages with an original completion date by mid-2016. 

There was no restructuring and integration expense in the year ended December 31, 2018. 

In the T&D Segment, the relocation of our Medium Voltage Transformer line began as of the end of 2016, and was completed in the first half of 2017. Included in cost of goods sold of T&D Segment for the year ended December 31, 2017 is a restructuring charge of $873 related to write off of raw material inventory not relocated from Canada to Mexico. 

The following is a summary of the components of restructuring and integration expenses, before taxes, relating to operating expenses during the year ended December 31, 2017: 

		T&D				Critical Power
Year Ended December 31, 2017		Segment				Segment				Total
Business integration expenses			219				—				219
Pre-tax restructuring and integration expense		$	219			$	—			$	219

For the year ended December 31, 2017, the business integration expenses occurred due to completion of the relocation of Bemag’s production to a lower cost facility.

Charges associated with each action were included in restructuring, integration and impairment expenses in our consolidated statement of operations, and reflected in our table of Operating Income (Loss) by segment group in Note 16 – Business Segment and Geographic Information.

The components and changes in the Company’s restructuring liability were as follows: 

										Facility
		Severance and				Product Line				Closure and
		Related				Harmonization				Exit Costs				Total
Restructuring liability as of January 31, 2017		$	113			$	46			$	592			$	751
Restructuring and integration expense			—				—				219				219
Cash paid			(113	)			(46	)			(811	)			(970	)
Restructuring liability as of December 31, 2017		$	—			$	—			$	—			$	—

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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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