Annual report pursuant to Section 13 and 15(d)

Note 5 - Restructuring (Tables)

v3.6.0.2
Note 5 - Restructuring (Tables)
12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Schedule of Provision of Restructuring and Accrued Restructuring Charges

The following table illustrates the provision of the restructuring charges and the accrued restructuring charges balance as of December 31, 2016 and 2015 (in thousands):

   

 

Employee Severance Costs

 

 

 

Contract Termination Costs

 

  Purchase Commitment of Discontinued Inventories Not Yet Received  

 

Abandoned Lease Facilities

 

 

 

Total

 

Balance as of December 31, 2014   $ —       $ —       $ —       $ —       $ —    
Expensed     1,353       6,979       350       467       9,149  
Cash payments     (845 )     (949 )     —         (56 )     (1,850 )
Reclassification from accounts payable to restructuring charges     —         2,120       —         —         2,120  
Balance as of December 31, 2015     508       8,150       350       411       9,419  
Expensed     601       (288 )     —         1,399       1,712  
Benefit from settlement of Endorsement Agreement with ETW     —         (4,750 )     —         —         (4,750 )
Cash payments     (1,109 )     (2,804 )     (175 )     (1,506 )     (5,594 )
Reclassification from capital lease liabilities to restructuring charges     —         —         —         35       35  
Balance as of December 31, 2016   $ —       $ 308     $ 175     $ 339     $ 822  
Schedule of Future Payments Under The Restructuring Plan

The total future payments under the restructuring plan as of December 31, 2016 are as follows (in thousands):

 

    For the Year Ending December 31,    
Outstanding Payments   2017   2018   2019   2020   2021   2022   Total
Contract termination costs   $ 308     $ —       $ —       $ —       $ —       $ —       $ 308  
Purchase commitment of discontinued inventories not yet received     175       —         —         —         —         —         175  
Abandoned leased facilities     131       92       91       25       —         —         339  
Total future payments   $ 614     $ 92     $ 91     $ 25     $ —       $ —       $ 822