XML 28 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
RESTRUCTURING CHARGES
 12 Months Ended
Dec. 31, 2015
Restructuring Charges [Abstract]  
Restructuring Charges
RESTRUCTURING CHARGES

In December 2011, our management approved and initiated a cost reduction plan ("2011 Restructuring Plan") as part of a broad-based cost reduction initiative. The 2011 Restructuring Plan included the consolidation of our manufacturing and research and development facilities, including contract termination costs related to two vacant facilities; moving a portion of our outsourced spare parts logistics operations in-house; and workforce reductions.

The following table summarizes changes in our restructuring accrual for the years ended December 31, 2015, 2014 and 2013 (in thousands):

 
Employee
Severance
Costs
 
Contract
Termination
Costs
 
Other
Costs
 
Total
Balance at December 31, 2012
$
2,005

 
$
1,600

 
$
—

 
$
3,605

Restructuring charges
2,413

 
825

 
424

 
3,662

Payments
(4,406
)
 
(1,322
)
 
(399
)
 
(6,127
)
Reserve adjustments
(12
)
 
—

 
(25
)
 
(37
)
Balance at December 31, 2013
—

 
1,103

 
—

 
1,103

Restructuring charges
506

 
(94
)
 
—

 
412

Payments
(358
)
 
(739
)
 
—

 
(1,097
)
Reserve adjustments
(20
)
 
(32
)
 
—

 
(52
)
Balance at December 31, 2014
128

 
238

 
—

 
366

Restructuring charges
—

 
—

 
—

 
—

Payments
(123
)
 
(205
)
 
—

 
(328
)
Reserve adjustments
(5
)
 
(25
)
 
—

 
(30
)
Balance at December 31, 2015
$
—

 
$
8

 
$
—

 
$
8



For the year ended December 31, 2015, we had no restructuring charges, and made scheduled payments of $0.3 million to settle these restructuring liabilities. During 2015, we also incurred $2.5 million in costs associated with the Merger Agreement with Parent, which was recorded as restructuring and other charges in our consolidated statement of operations for the year ended December 31, 2015, and for which the unpaid portions are reflected within our accounts payable and other current liabilities in our consolidated balance sheet at December 31, 2015.

For the year ended December 31, 2014, we recorded restructuring charges of $0.4 million, which included $0.5 million related to workforce reductions and a $0.1 million benefit from a revised estimate of our future rent obligations for one of our vacant facilities. We paid $0.4 million in employee severance and $0.7 million in contract termination costs during 2014.

For the year ended December 31, 2013, we recorded restructuring charges of $3.7 million, which included $2.8 million in employee severance and other costs relating primarily to recruiting costs for our new chief executive officer and severance expense for our former chief executive officer totaling approximately $0.6 million, and other workforce reductions. We also incurred $0.8 million in contract termination costs related to future rent obligations, net of sublease income, associated with two vacated leased facilities. We paid $4.8 million in employee severance and other costs and $1.3 million in contract termination costs during 2013.

As of December 31, 2015, we had a minimal balance in accrued restructuring charges, which was classified within other current liabilities in our consolidated balance sheet. As of December 31, 2015, we also had approximately $2.5 million in accounts payable related to professional fees and deal-related costs associated with the Merger Agreement with Parent. As of December 31, 2014, we had $0.4 million in accrued restructuring charges, which was classified within other current liabilities in our consolidated balance sheet.