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Subsequent Events
12 Months Ended
Dec. 31, 2017
Subsequent Events

Note 24. Subsequent Events

In February 2018, the Company announced an agreement to sell its manufacturing facility in New Taipei City, Taiwan, along with certain manufacturing fixed assets. The aggregate consideration for the acquired assets is $81.3 million ($75.0 million for the facility and land, plus $6.3 million for the manufacturing fixed assets). As a condition of sale, the Company will indemnify the buyer for certain environmental obligations up to $7.0 million. As of December 31, 2017, the carrying amount of the facility, land, and manufacturing fixed assets was approximately $57.9 million and will be reclassified as held for sale in the first quarter of 2018. The Company expects to close the transaction in the second half of 2018.

In addition, the Company expects to incur restructuring charges of approximately $15.0 million in the first quarter of 2018 for employee severance and termination benefits in connection with the sale.