XML 29 R15.htm IDEA: XBRL DOCUMENT v3.6.0.2
Restructuring
12 Months Ended
Dec. 31, 2016
Restructuring And Related Activities [Abstract]  
Restructuring

(8) Restructuring

In September 2014, the Company committed to the 2014 Restructuring Plan to streamline its workforce and spending to better align its cost structure with its business strategy, including reducing the Company’s workforce by 777 employees, comprised of 217 employees in North America, 400 employees in Asia Pacific, 141 employees in Europe, the Middle East, and Africa, and 19 employees in Latin America.  The Company implemented substantially all of the 2014 Restructuring Plan by the end of 2014. The Company does not expect any future costs associated with the 2014 Restructuring Plan.

Costs associated with the 2014 Restructuring Plan include employee severance and related benefit costs (including outplacement services and continuing health insurance coverage), contract termination costs (including operating lease terminations for certain office space at the Company’s corporate headquarters and other international locations), and other charges (including external consulting and advisory fees related to implementing the 2014 Restructuring Plan).  The following table summarizes the major types of costs associated with the 2014 Restructuring Plan (in thousands) for the years ended December 31, 2016, 2015 and 2014, total costs incurred through December 31, 2016, and total costs expected:

 

 

 

Years Ended December 31,

 

 

Cumulative Costs

 

 

Total Expected

 

 

 

2016

 

 

2015

 

 

2014

 

 

Incurred To Date

 

 

Plan Costs

 

Severance and related employee benefits

 

$

0

 

 

$

0

 

 

$

13,162

 

 

$

13,162

 

 

$

13,162

 

Contract termination costs

 

 

0

 

 

 

0

 

 

 

1,159

 

 

 

1,159

 

 

 

1,159

 

Other costs

 

 

45

 

 

 

279

 

 

 

411

 

 

 

735

 

 

 

735

 

Total restructuring costs

 

$

45

 

 

$

279

 

 

$

14,732

 

 

$

15,056

 

 

$

15,056

 

 

The total restructuring costs above are reported as “Restructuring costs” under “Operating expenses” in the Company’s Consolidated Statements of Operations.

Restructuring-related liabilities are reported as “Accrued restructuring costs” in the Company’s Consolidated Balance Sheets.  The following table presents a summary of changes in the restructuring-related liabilities (in thousands) for the years ended December 31, 2016 and 2015, respectively:

 

 

 

Balance as of

 

 

Costs

 

 

Cash

 

 

Non-cash

 

 

Adjustments

 

 

Balance as of

 

 

 

January 1, 2016

 

 

Incurred

 

 

Payments

 

 

Settlements

 

 

and Other

 

 

December 31, 2016

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related employee benefits

 

$

32

 

 

$

0

 

 

$

(32

)

 

$

0

 

 

$

0

 

 

$

0

 

Contract termination costs

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Other costs

 

 

24

 

 

 

45

 

 

 

(71

)

 

 

0

 

 

 

2

 

 

 

0

 

Total current accrued restructuring costs

 

$

56

 

 

$

45

 

 

$

(103

)

 

$

0

 

 

$

2

 

 

$

0

 

 

 

 

Balance as of

 

 

Costs

 

 

Cash

 

 

Non-cash

 

 

Adjustments

 

 

Balance as of

 

 

 

January 1, 2015

 

 

Incurred

 

 

Payments

 

 

Settlements

 

 

and Other

 

 

December 31, 2015

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance and related employee benefits

 

$

2,215

 

 

$

0

 

 

$

(1,885

)

 

$

0

 

 

$

(298

)

 

$

32

 

Contract termination costs

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Other costs

 

 

69

 

 

 

279

 

 

 

(316

)

 

 

0

 

 

 

(8

)

 

 

24

 

Total current accrued restructuring costs

 

$

2,284

 

 

$

279

 

 

$

(2,201

)

 

$

0

 

 

$

(306

)

 

$

56