NOTE 13.  RESTRUCTURING

 

The Company initiated a restructuring plan in 2014 (“2014 Plan”) to realign resources within the organization and anticipates completing the plan in 2015.  During the three and nine months ended September 30, 2015, we incurred restructuring charges of $427 and $2,303, respectively, related to the 2014 Plan.  During the three and nine months ended September 30, 2014, we incurred restructuring charges of $2,180 and $2,590.  Restructuring charges of $700 were incurred during the nine months ended September 30, 2015, which related to the write-off of inventory that was distinguishable and directly attributable to the Company’s 2014 Plan and not as a result of external market factors associated with the ongoing business.  We have incurred $5,886 of cumulative restructuring charges since the commencement of the 2014 Plan.  We estimate that we will incur restructuring costs related to employee-related costs and facility exit costs during the remainder of 2015.

 

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 Plan”) and anticipates completing the plan in 2016.  During the three and nine months ended September 30, 2015, we incurred restructuring charges of $269 related to the 2015 Plan.  There were no costs incurred related to the 2015 Plan during 2014.  We have incurred $269 of cumulative restructuring charges since the commencement of the 2015 Plan.

 

 

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

 

 

 

As of September 30, 2015, termination costs and restructuring costs remained in accrued liabilities and are expected to be paid during the remainder of 2015.