Note 9 - Cost-reduction Actions

6 Months Ended

Jun. 30, 2019

Restructuring and Related Activities Disclosure [Text Block]

NOTE

9—COST

REDUCTION ACTIONS

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.

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

$89

for severance and benefits as of

June

30,

2019.

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

	June 30, 2019			June 30, 2018
Balance as of beginning of year	$	102		$	87
Additions		—			722
Reductions		(13	)		(707	)
Balance as of end of period	$	89		$	102