XML 34 R25.htm IDEA: XBRL DOCUMENT v3.19.1

Restructuring

3 Months Ended

Mar. 31, 2019

Restructuring And Related Activities [Abstract]

Restructuring

18. RESTRUCTURING

In February 2019, we announced the restructuring of our workforce predominantly in Germany, which included the closure of the office location in Munich, Germany accompanied by relocation or severance benefits for the affected employees. The restructuring is expected to be completed in the fourth quarter of 2019. The cumulative amount incurred during the three months ended March 31, 2019 related to this restructuring program is $1.8 million. We also offered a voluntary early retirement offering to certain other employees which was announced to employees in March 2019. As of March 31, 2019, we did not have sufficient information on which to estimate an additional liability associated with the voluntary early retirement program.

In January 2018, we announced an early retirement incentive program for employees that met certain requirements. The cumulative amount incurred during the year ended December 31, 2018 related to this restructuring program was $7.3 million, of which $6.0 million was incurred during the three months ended March 31, 2018. We do not expect to incur any additional expenses related to this restructuring program.

A reconciliation of the beginning and ending restructuring liability, which is included in accrued wages and benefits on the Consolidated Balance Sheet, is as follows:

		Three Months Ended
		March 31,
(In thousands)		2019
Balance as of December 31, 2018		$	185
Plus: Amounts charged to cost and expense			2,063
Less: Costs paid			(277	)
Balance as of March 31, 2019		$	1,971

The components of restructuring expense in the Consolidated Statements of Income are as follows:

				Three Months Ended
				March 31,
(In thousands)		Classification		2019				2018
Restructuring expenses		Selling, general and administrative expenses		$	844			$	1,766
Restructuring expenses		Research and development expenses			584				1,814
Restructuring expenses		Cost of sales			635				2,370
Total restructuring expenses				$	2,063			$	5,950

X

- References

No definition available.

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

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration