Re-Organization And Restructure Charge

12 Months Ended

Dec. 31, 2012

Re-Organization And Restructure Charge [Abstract]

NOTE 14 – RE-ORGANIZATION AND RESTRUCTURE CHARGE

In the third quarter of 2012, we consolidated research and development for our semiconductor products into our Minneapolis headquarters facility, resulting in a $217,000 restructuring charge for severance and relocation expenses. We believe this move will streamline our business and provide our sensor engineers in Minneapolis with more efficient access to our WaferSense®technology and products. We anticipate annual savings of up to $800,000 resulting from consolidation of research and development for our semiconductor products. Additional severance costs of $523,000 were incurred in the fourth quarter of 2012 when we reduced our global workforce by approximately 10% or 20 employees in response to the sluggish economy and weak SMT, semiconductor and solar market conditions. We anticipate annual savings of up to $1.4 million from the fourth quarter workforce reduction. No restructuring or severance costs were incurred in 2011.

A summary of our restructuring accrual is as follows:



(In thousands)		Semiconductor R&D Consolidation		Fourth Quarter 2012 Workforce Reduction		Total
Balance, January 1, 2012	$	—	$	—	$	—
Cost incurred		217		523		740
Payments made		217		331		548
Balance, December 31, 2012	$	—	$	192	$	192

The remaining accrued severance in the amount of $192,000 at December 31, 2012 will be paid prior to July 1, 2013.

- 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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