Subsequent Event

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Event

10. Subsequent Event

On July 28, 2016, our board of Directors approved a restructuring plan that includes a workforce reduction in our professional engineering services group. The workforce reduction will impact 26 personnel, comprised of both employees and consultants, representing approximately 13% of our pre-reduction headcount, and is intended to reduce expenses in our professional engineering services workforce and to better align our organizational structure with our increasing strategic focus on DataV software and services.

We currently anticipate incurring pre-tax restructuring charges of approximately $0.6 million in the third quarter of 2016, representing one-time cash employee termination benefits including severance, accrued paid-time off and other employment obligations.

We expect the staff reductions will be substantially completed by the end of the third quarter of 2016 and anticipate that the majority of the cost savings will be realized beginning in the fourth quarter of 2016.