Restructuring Charges

The 2018 Plan

On January 30, 2018, the Company announced its plans to close its lighting division and manufacturing operations in Brecksville, Ohio ("the 2018 Plan"). The Company believes that such business is not core to its strategy and growth objectives. In connection therewith, the Company has terminated approximately fifty employees, and began the process to exit the facilities in Ohio and sell the related equipment. The Company expected to record restructuring charges of approximately $2 million to $5 million related to employee terminations and severance costs, and facility related costs. During the three months ended June 30, 2018, the Company recorded a charge of $0.3 million related primarily to facility related costs. During the six months ended June 30, 2018, the Company recorded a charge of $2.2 million, related primarily to the reduction in workforce, of which $2.0 million was related to the Other segment and $0.2 million was related to corporate support functions. The 2018 Plan is expected to be completed by the second half of 2018.

The following table summarizes the 2018 Plan restructuring activities during the six months ended June 30, 2018:



	Employee Severance and Related Benefits			Facilities and Other				Total
	(In thousands)
Balance at December 31, 2017	$	—		$	—			$	—
Charges	2,357			888				3,245
Payments	(1,530		)	(54		)		(1,584		)
Non-cash settlements	—			(670		)	*	(670		)
Balance at March 31, 2018	827			164				991
Charges	(123		)	290				167
Payments	(270		)	(82		)		(352		)
Non-cash settlements	—			—				—
Balance at June 30, 2018	$	434		$	372			$	806

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*The non-cash charge of $0.7 million is primarily related to the write down of fixed assets and inventory related to the Other segment.

The Company concluded that the closure of its lighting division did not meet the criteria for reporting in discontinued operations in accordance with ASC 360, "Property, Plant, and Equipment". Consequently, the lighting division's long-lived assets were reclassified as held for sale. As of June 30, 2018, the Company sold all property, plant and equipment from its lighting division reclassified as held for sale on the condensed consolidated balance sheets of approximately $3.5 million and recognized a gain on the disposal of the held for sale assets of approximately $1.2 million included in restructuring charges (recoveries) on the condensed consolidated statements of operations.