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Restructuring and Related Charges
9 Months Ended
Sep. 30, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges

NOTE 5—RESTRUCTURING AND RELATED CHARGES

 

In 2013, OmniMetrix restructured its operations to better align expenses with revenues following a change in management. The restructuring involved employee severance and termination benefits as well as a charge for a significant reduction in the utilization of its leased facility in Buford and a write-down of a majority of the remaining book value of leasehold improvements associated with the leased facility. At December 31, 2015, $204 of lease payments associated with the reduced utilization of leased facilities remained unpaid. During the nine months ended September 30, 2016, OmniMetrix paid $34 of this liability. The total remaining accrued restructuring balance of $170 is expected to be paid in full by December 31, 2019 and is included in Other current liabilities ($46) and Other long-term liabilities ($124) in the Company’s condensed consolidated balance sheets.