Quarterly report pursuant to Section 13 or 15(d)

Restructuring

Restructuring

3 Months Ended

Mar. 31, 2015

NOTE 13. RESTRUCTURING

The Company initiated a restructuring plan during 2014 to realign resources within the organization and anticipates completing the plan in 2015. During the three months ended March 31, 2015, we incurred restructuring charges of $388 related to benefits provided to employees who were or will be terminated due to the Company’s reduction-in-force as part of its continued realignment of resources within the organization. There were no restructuring charges during the three months ended March 31, 2014. We estimate that we will incur restructuring costs related to employee-related costs and facility exit costs during the remainder of 2015.

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


Balance at December 31, 2014	$	199
Charges to expense:
Employee termination benefits		388
Other costs		80
Total restructuring charges		468
Cash payments and non-cash charges:
Cash payments		(86)
Balance at March 31, 2015	$	581

As of March 31, 2015, termination costs and restructuring costs remained in accrued liabilities and are expected to be paid during the remainder of 2015.

- 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 + Details