Note 4 - Restructuring
|3 Months Ended|
Mar. 31, 2017
|Restructuring and Related Activities [Abstract]|
Note 5. Restructuring
As part of an effort to better focus and align the Company’s resources toward profitable growth, on August 24, 2015, the Board authorized the Company to undertake steps to commence a restructuring of the business and operations, which concluded during the third quarter of 2016. The Company closed certain facilities, reduced headcount, discontinued products and renegotiated certain contracts resulting in restructuring and other charges of $0.6 million for the three months ended March 31, 2016.
For the three months ended March 31, 2016, the Company recorded restructuring charges in “Cost of revenue” of $1.7 million, related to the write-down of inventory identified to be discontinued in the restructuring plan.
The following table illustrates the provision of the restructuring charges and the accrued restructuring charges balance as of March 31, 2017 (in thousands):
The total future payments under the restructuring plan as of March 31, 2017 are as follows (in thousands):
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef