Commitments, Contingencies and Other Matters

3 Months Ended

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