RESTRUCTURING AND OTHER CHARGES

12 Months Ended

Dec. 31, 2019

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND OTHER CHARGES

RESTRUCTURING AND OTHER CHARGES

For the year ended December 31, 2017, the Company recorded restructuring expenses of $1.6 million which consisted of $1.5 million employee related restructuring charge and $0.1 million of facilities related and other restructuring costs. The Company recorded $44,000 in adjustments to the 2017 restructuring costs during the three months ended March 31, 2018. The restructuring plan was expected to increase internal efficiencies through the consolidation of certain sites of operation and resulted in the elimination of approximately 56 positions, or 41%, of the worldwide employee base.

In the fourth quarter of 2017, the Company executed a series of restructuring actions designed to sharpen the Company’s strategic focus and establish a more cost-efficient operating structure. The restructuring activities primarily focused on a reduction of the Company’s global workforce in conjunction with steps taken to:

•Significantly reduce the Company’s presence in China and focus its efforts on Mobile OEM licensing in that region;

•Cease its Mobile Advertising activities; and

•Narrow its focus in the Gaming and VR/AR markets on development efforts to bolster its IP licensing model in these markets.

All accrued amounts related to the 2017 restructuring activities were paid during the first quarter of 2018.