Note 11 - Cost Reduction Actions

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

NOTE

11—COST

REDUCTION ACTIONS

In

March 2017

the Company made the decision to wind down its China manufacturing operations substantially by the end of the

second

quarter of

2017.

 The decision was consistent with ongoing efforts to reorganize its business to better align with customer geography, to reduce losses related to unprofitable locations and to convert assets to cash for potential redeployment into more profitable endeavors. In connection with the restructuring, the Company does

not

expect any significant asset impairment charges and recorded

$112

of severance charges and benefits in cost of sales and

$29

of severance charges and benefits in selling, general and administrative expenses during

2017

and

$67

of severance charges during

2018.

The Company sold certain production and testing equipment from the China facility to its tolling partner in India during the

third

quarter of

2017.

In

June 2018,

the Company eliminated certain positions at its Spain facility, effective

June 18, 2018.

The Company recorded

$635

of severance and benefits in cost of sales and

$67

of severance and benefits in selling, general and administrative expenses during

2018.

The restructuring accrual consists of

$102

for severance and benefits as of

December 

31,

2018.

A rollforward of the severance and other exit cost accrual activity is as follows:

Balance at January 1, 2017	$	269
Additions		213
Reductions		(272	)
Reversals		(123	)
Balance at December 31, 2017		87
Additions		769
Reductions		(754	)
Reversals		—
Balance at December 31, 2018	$	102