Restructuring and Severance

12 Months Ended

Dec. 31, 2017

Restructuring And Related Activities [Abstract]

Restructuring and Severance

10. Restructuring and Severance

In the first quarter of 2016, the Company implemented a worldwide restructuring plan designed to refocus the Company’s resources on its core business segments, including physical access and transponders, and to consolidate its operations in several worldwide locations. The restructuring plan included reducing the Company’s non-manufacturing employee base, reallocating overhead roles into direct business activities and eliminating certain management and executive roles. In 2017, the Company recorded a credit resulting from actual expenditures being less than originally accrued. In 2016, the Company incurred restructuring and severance costs of $3.1 million.

All unpaid restructuring and severance accruals are included in other accrued expenses and liabilities within current liabilities in the consolidated balance sheet at December 31, 2016. Restructuring and severance activities during the years ended December 31, 2017 and December 31, 2016 were as follows (in thousands):

	Year Ended December 31,
	2017			2016
Balance at beginning of period	$	237		$	633
Restructuring expense incurred for the period		(49	)		3,088
Other cost reduction activities for the period		—			—
Payments and non-cash item adjustment during the period		(188	)		(3,484	)
Balance at end of period	$	—		$	237