XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Restructuring | 3 Months Ended
--- | ---
Jun. 30, 2018
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring The Company accounts for charges resulting from operational restructuring actions in accordance with ASC Topic 420, Exit or Disposal Cost Obligations (“ASC 420”) and ASC Topic 712, Compensation—Nonretirement Postemployment Benefits (“ASC 712”). In accounting for these obligations, the Company is required to make assumptions related to the amounts of employee severance, benefits, and related costs and the time period over which leased facilities will remain vacant, sublease terms, sublease rates and discount rates. Estimates and assumptions are based on the best information available at the time the obligation arises. These estimates are reviewed and revised as facts and circumstances dictate; changes in these estimates could have a material effect on the amount accrued on the consolidated balance sheet. The $0.3 million charged to operations in the three months ended June 30, 2018 is related to exit costs incurred for the move of the Company's corporate office. On April 3, 2017, the Board of Directors approved a plan to reduce the Company’s global workforce by approximately 8%, effective April 4, 2017. The purpose of the workforce reduction was to reduce operating expenses to better align with the Company’s current revenues. Included in the $1.3 million severance pay, charged to operations in the three months ended June 30, 2017, is $0.5 million of severance pay for one of the Company's former executive officers pursuant to the terms of a severance agreement dated June 30, 2017. Under the terms of the severance agreement, the Company's former executive officer is entitled to 18 months of his base salary, which is expected to be paid by December 31, 2018. From and after January 1, 2018, the Company, at its discretion, may settle any remaining unpaid cash severance owed to its former executive officer through the issuance of a number of immediately vested shares of the Company’s common stock, determined by multiplying the remaining unpaid cash severance owed by 120%, and then dividing by the closing stock price per share of the Company's common stock as of the last business day prior to the issuance of the shares. All amounts related to these restructuring activities are expected to be paid by December 31, 2018. The following table presents restructuring charges and cash payments for the three months ended June 30, 2018 and 2017(in thousands):
| Severance pay |  | Facility exit and |  |
| and benefits |  | Relocation costs |  | Total
Accrued restructuring balance at April 1, 2018 | $ | 262 |  |  | $ | 173 |  |  | $ | 435 |
Charges to operations | — |  |  | 310 |  |  | 310 |
Cash payments | (97 | ) |  | (483 | ) |  | (580 | )
Accrued restructuring balance at June 30, 2018 | $ | 165 |  |  | $ | — |  |  | $ | 165 |
| Severance pay |  | Facility exit and |  |
| and benefits |  | Relocation costs |  | Total
Accrued restructuring balance at April 1, 2017 | $ | — |  |  | $ | — |  |  | $ | — |
Charges to operations | 1,339 |  |  | — |  |  | 1,339 |
Cash payments | (423 | ) |  | — |  |  | (423 | )
Accrued restructuring balance at June 30, 2017 | $ | 916 |  |  | $ | — |  |  | $ | 916 |
All restructuring charges discussed above are included within restructuring in the Company’s unaudited condensed consolidated statements of operations. The Company includes accrued restructuring within accounts payable and accrued expenses.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration