Contingencies

9 Months Ended

Sep. 30, 2014

Contingencies [Abstract]

Contingencies

Note 10 – Contingencies

The Company is involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company's consolidated financial position or results of operations.

For the three months ended September 30, 2014, the Company incurred a $5.0 million charge ($0.09 per share) for the write-down of inventory ($2.3 million) and provisions to accounts receivable ($2.7 million) associated with the October 6, 2014 bankruptcy filing of GT Advanced Technologies. The Company's actual loss may differ from these amounts and management continues to monitor this situation closely.