Quarterly report pursuant to Section 13 or 15(d)

Restructuring Reserves

Restructuring Reserves
9 Months Ended
Sep. 30, 2014
Restructuring Reserves [Abstract]  
Restructuring Reserves

12 - Restructuring Reserves

The Company has historically incurred an ongoing level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization resulting from acquisitions.

During the third quarter of 2014, the Company adopted a restructuring plan to reduce operating costs and close one of its North American distribution centers. This restructuring plan is expected to be completed by the end of the first quarter of 2015. 

The balance of the restructuring reserve is included in accrued liabilities on the accompanying balance sheets. Employee termination benefits expensed are included as a part of general and administrative expenses.

              Activity in the restructuring reserves for the nine months ended September 30, 2014 is as follows (in thousands):


Balance at December 31, 2013









Cash payments



Balance at September 30, 2014