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Commitments, Contingencies and Other Matters | 3 Months Ended
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Mar. 31, 2013
Commitments, Contingencies and Other Matters |
Commitments, Contingencies and Other Matters | Note 7—Commitments, Contingencies and Other Matters Restructuring During the three months ended March 31, 2013, we took measures to improve profitability. As a result of these actions, we recorded a restructuring charge of $0.5 million. During the three months ended March 31, 2013, we recorded $0.4 million in personnel severance and related costs and $0.1 million in other associated costs resulting from a headcount reduction of approximately 20 employees. A summary of restructuring expense is as follows (in thousands):
|  | For the three months ended March 31, |
|  | 2013 |  | 2012 |
Personnel severance and related costs |  | $ | 435 |  | $ | 63 |
Other associated costs |  | 96 |  | — |
Restructuring expense |  | $ | 531 |  | $ | 63 |
Restructuring Liability The following is a reconciliation of the restructuring liability through March 31, 2013 (in thousands):
|  | LED & Solar |  | Data Storage |  | Unallocated Corporate |  | Total |
Short-term liability |  |  |  |  |  |  |  |  |
Balance as of January 1, 2013 |  | $ | 448 |  | $ | 1,308 |  | $ | 119 |  | $ | 1,875 |
Restructuring |  | 422 |  | 51 |  | 58 |  | 531 |
Cash payments |  | (602 | ) | (672 | ) | (152 | ) | (1,426 | )
Balance as of March 31, 2013 |  | $ | 268 |  | $ | 687 |  | $ | 25 |  | $ | 980 |
The balance of the short-term liability will be paid over the next 12 months. The following is a reconciliation of the restructuring liability through December 31, 2012 (in thousands):
|  | LED & Solar |  | Data Storage |  | Unallocated Corporate |  | Total |
Short-term liability |  |  |  |  |  |  |  |  |
Balance as of January 1, 2012 |  | $ | 534 |  | $ | 128 |  | $ | 294 |  | $ | 956 |
Restructuring |  | 874 |  | 1,684 |  | 135 |  | 2,693 |
Cash payments |  | (960 | ) | (504 | ) | (310 | ) | (1,774 | )
Balance as of December 31, 2012 |  | $ | 448 |  | $ | 1,308 |  | $ | 119 |  | $ | 1,875 |

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- Definition Includes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. This text block may also include disclosure about the concentration risk, minimum lease commitments, lease related costs, restructuring costs, and environmental remediation. + References No definition available. + Details
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- Details
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