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NOTE 2 - PROVISION FOR BUSINESS RESTRUCTURING

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

NOTE 2 - PROVISION FOR BUSINESS RESTRUCTURING

During 2012 and 2013, we took restructuring actions to reduce our excess office space and eliminate certain job positions. These actions resulted in restructuring costs of $1,183,000 in 2013. A true up of estimates resulted in a $13,000 charge during the first quarter of 2014. The restructure changes allow us to have the flexibility to add other critical positions or change fixed to variable costs through outsourcing. These actions have been fully implemented. At December 31, 2014, the remaining portion of the reserve expected to be paid over the next twelve months is $113,000, and the long term portion is $75,000 and relates to the lease abandonment payments that are scheduled out to August 2016.

An analysis of the restructuring is as follows:

	Reserve Balance Dec. 31, 2012	2013 Expense	2013 Payments/ Write-Offs	Reserve Balance Dec. 31, 2013	2014 Expense	2014 Payments/ Write-Offs	Reserve Balance Dec. 31, 2014
(in thousands)
Downsizing US operations:
Employee severance	$0	$457	$227	$230	($16)	$214	$0
Other costs	-	273	33	240	25	94	171
Downsizing foreign operations:
Employee severance	25	405	58	372	16	371	17
Other costs	-	48	17	31	(12)	19	-
Total	$25	$1,183	$335	$873	$13	$698	$188

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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