Quarterly report pursuant to Section 13 or 15(d)

Restructuring

v3.8.0.1
Restructuring
9 Months Ended
Sep. 30, 2017
Restructuring [Abstract]  
Restructuring

NOTE 13.  RESTRUCTURING



The Company initiated a restructuring plan in the fourth quarter of 2014 (“2014 Restructuring Plan”) to realign resources within the organization and completed the plan during the year ended December 31, 2016.  During the three and nine months ended September 30, 2016, we incurred restructuring charges of $0 and $20 related to the 2014 Restructuring Plan.  We incurred $5,959 of cumulative restructuring charges in connection with the 2014 Restructuring Plan.



As part of the conclusion of the Company’s review of strategic alternatives, the Company initiated restructuring activities in efforts to further realign resources within the organization (“2015 Restructuring Plan”) and anticipates completing the plan in 2017.  During the three months ended September 30, 2017 and 2016, we incurred restructuring charges of $33 and $282, respectively, related to the 2015 Restructuring Plan.  During the nine months ended September 30, 2017 and 2016, we incurred restructuring charges of $116 and $1,255, respectively, related to the 2015 Restructuring Plan.  We incurred $2,500 of cumulative restructuring charges in connection with the 2015 Restructuring Plan.  We estimate that we will incur an immaterial amount of restructuring charges related to the 2015 Restructuring Plan during the remainder of 2017.



The following table summarizes the restructuring charges, payments and the remaining accrual related to employee termination costs and facility exit costs.







 

 

 



 

2015 Restructuring Plan

Balance at December 31, 2016

 

$

96 

Charges to expense:

 

 

 

Other costs

 

 

116 

Total restructuring charges

 

 

116 

Cash payments and non-cash charges:

 

 

 

Cash payments

 

 

(132)

Balance at September 30, 2017

 

$

80 



As of September 30, 2017, termination costs and restructuring costs remained in accrued liabilities and are expected to be paid during the remainder of 2017.