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Restructuring Charges | 9 Months Ended
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Sep. 30, 2013
Restructuring Charges [Abstract] |
Restructuring Charges | Restructuring Charges The 2012 Plan During the third quarter of 2012, the Company initiated a restructuring program to reduce overall corporate expenses which is expected to improve future profitability by reducing spending on marketing, general and administrative programs and by refining some of the Company's research and development efforts (the “2012 Plan”). In connection with this restructuring program, the Company estimates that it will incur aggregate costs of approximately $6.0 million to $10.0 million. During the three months ended September 30, 2013, the Company reversed approximately $0.1 million of restructuring charges due to a change in estimate. During the nine months ended September 30, 2013, the Company incurred restructuring charges of $2.1 million related primarily to the consolidation of certain facilities and the reduction in workforce, of which a majority was related to corporate support functions. Since the inception of the program, the Company has incurred $9.4 million in restructuring related charges. The Company expects to substantially complete its restructuring activities related to this plan by the end of 2013. During the three and nine months ended September 30, 2012, the Company incurred restructuring charges of $6.6 million related primarily to the reduction in workforce, of which $4.0 million was related to the MID reportable segment and $2.6 million was related to corporate support functions. The following table summarizes the 2012 Plan restructuring activities during the nine months ended September 30, 2013:
|  | Employee Severance and Related Benefits |  | Facilities |  | Total
|  | (In thousands)
Balance at December 31, 2012 |  | $ | 906 |  |  | $ | — |  |  | $ | 906 |
Charges |  | 136 |  |  | 1,960 |  |  | 2,096 |
Payments |  | (958 | ) |  | (1,307 | ) |  | (2,265 | )
Non-cash settlements |  |  |  |  | (653 | ) | * | (653 | )
Balance at September 30, 2013 |  | $ | 84 |  |  | — |  |  | $ | 84 |
*The non-cash charge of $653 thousand is related to the termination of the Company's financing obligation associated with abandoning a construction asset at one of its facilities. The Q3 2013 Plan During the three months ended September 30, 2013, the Company curtailed its immersive media platform spending and redirected some of its resources to other strategic programs (the “Q3 2013 Plan”). In connection with this restructuring program, the Company estimates that it will incur aggregate costs of approximately $1.0 million to $3.0 million. During the three and nine months ended September 30, 2013, the Company incurred restructuring charges of $1.2 million related primarily to the reduction in workforce, of which a majority was related to the CTO reportable segment. The Company expects to substantially complete its restructuring activities related to this plan by the end of 2014. The following table summarizes the Q3 2013 Plan restructuring activities during the nine months ended September 30, 2013:
|  | Employee Severance and Related Benefits |  | Facilities |  | Total
|  | (In thousands)
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 1,239 |  |  | — |  |  | 1,239 |
Payments |  | — |  |  | — |  |  | — |
Non-cash settlements |  | — |  |  | — |  |  | — |
Balance at September 30, 2013 |  | $ | 1,239 |  |  | — |  |  | $ | 1,239 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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