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Restructuring Charges | 12 Months Ended
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Dec. 31, 2013
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring Charges The 2012 Plan During 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 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 $10.0 million. During the year ended December 31, 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. During the year ended December 31, 2012, the Company incurred restructuring charges of $7.3 million related primarily to the reduction in workforce, of which $3.4 million was related to the CTO reportable segment; $0.7 million was related to the MID reportable segment; $0.1 million was related to the All Other reportable segment; and $3.1 million was related to corporate support functions that impacted each of the Company's operating segments. There were no restructuring charges in 2011. 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 in 2014. The following table summarizes the 2012 Plan restructuring activities during the years ended December 31, 2013 and 2012:
|  | Employee Severance and Related Benefits |  | Facilities |  | Total
|  | (in thousands)
Balance at December 31, 2011 |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 7,301 |  |  | — |  |  | 7,301 |
Payments |  | (6,395 | ) |  | — |  |  | (6,395 | )
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 December 31, 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 2013 Plan During 2013, the Company initiated a restructuring program related primarily to its LDT group as a result of the change in its business strategy to reduce its focus on the lower margin bulb products. Additionally, the Company curtailed its immersive media platform spending (the “2013 Plan”). In connection with this restructuring program, the Company estimates that it will incur aggregate costs of approximately $3.0 million to $4.0 million. During the year ended December 31, 2013, the Company incurred restructuring charges of $3.4 million related primarily to the reduction in workforce, of which $2.4 million was related to the CTO reportable segment, $0.1 million was related to the MID reportable segment and $0.9 million was related to the All Other 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 2013 Plan restructuring activities during the year ended December 31, 2013:
|  | Employee Severance and Related Benefits |  | Facilities |  | Total
|  | (In thousands)
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges |  | 3,255 |  |  | 195 |  |  | 3,450 |
Payments |  | (1,523 | ) |  | (62 | ) |  | (1,585 | )
Non-cash settlements |  | — |  |  | — |  |  | — |
Balance at December 31, 2013 |  | $ | 1,732 |  |  | 133 |  |  | $ | 1,865 |

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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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