Restructuring

3 Months Ended

Mar. 31, 2015

Note K: Restructuring

In the fourth quarter of 2014, the Company implemented restructuring plans to close our offices in Asia. Because of these actions, restructuring charges of approximately $119,000 were recorded in the first quarter of 2015 related to employee terminations.

The following table shows the restructuring activity for the three months ended March 31, 2015 (in thousands):


				Facility Costs
	Termination			and Contract
	Benefits			Termination			Total

Balance at January 1, 2015	$	190		$	26		$	216
Charges		119			—			119
Payments/settlements		(295	)		(8	)		(303	)
Balance at March 31, 2015	$	14		$	18		$	32

In the first quarter of 2014, the Company implemented restructuring plans to improve our financial performance in Europe. These plans included the closure of our office in Poland. Because of these actions, restructuring charges of approximately $460,000 were recorded related primarily to facilities and employee terminations.

The following table shows the restructuring activity for the three months ended March 31, 2014 (in thousands):


				Facility Costs
	Termination			and Contract
	Benefits			Termination			Total

Balance at January 1, 2014	$	—		$	—		$	—
Charges		60			400			460
Payments/settlements		(45	)		(177	)		(222	)
Balance at March 31, 2014	$	15		$	223		$	238

- 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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