|6 Months Ended|
Jun. 30, 2017
NOTE 12. 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 six months ended June 30, 2016, we incurred restructuring charges of $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 June 30, 2017 and 2016, we incurred restructuring charges of $42 and $511, respectively, related to the 2015 Restructuring Plan. During the six months ended June 30, 2017 and 2016, we incurred restructuring charges of $83 and $973, respectively, related to the 2015 Restructuring Plan. We incurred $2,467 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.
As of June 30, 2017, termination costs and restructuring costs remained in accrued liabilities and are expected to be paid during the remainder of 2017.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef