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Commitments, Contingencies and Other Matters | 9 Months Ended
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Sep. 30, 2012
Commitments, Contingencies and Other Matters |
Commitments, Contingencies and Other Matters | Note 10—Commitments, Contingencies and Other Matters Restructuring and Other Charges During the three months ended September 30, 2012, we took measures to improve profitability, including a reduction of discretionary expenses, realignment of our senior management team and consolidation of certain sales, business and administrative functions. As a result of these actions, we recorded a restructuring charge of $2.0 million. Restructuring for the three and nine months ended September 30, 2012 is as follows (in thousands):
|  | Three months ended |  | Nine months ended |
|  | September 30, |  | September 30, |
|  | 2012 |  | 2012 |
Personnel severance and related costs |  | $ | 1,642 |  | $ | 1,705 |
Equity compensation and related costs |  | 220 |  | 220 |
Other associated costs |  | 152 |  | 152 |
|  | $ | 2,014 |  | $ | 2,077 |
Personnel Severance and Related Costs During the three and nine months ended September 30, 2012, we recorded $1.6 million and 1.7 million, respectively, in personnel severance and related costs resulting from a headcount reduction of approximately 23 employees. This reduction in workforce included executives, management, administration, sales and service personnel and manufacturing employees companywide. Equity Compensation Costs During the three months ended September 30, 2012, we recorded $0.2 million in equity compensation costs resulting from the acceleration and modification of certain awards associated with the realignment of our senior management team. Restructuring Liability The following is a reconciliation of the restructuring liability through September 30, 2012 (in thousands):
|  | LED & Solar |  | Data Storage |  | Unallocated Corporate |  | Total |
Short-term liability |  |  |  |  |  |  |  |  |
Balance as of January 1, 2012 |  | $ | 534 |  | $ | 128 |  | $ | 294 |  | $ | 956 |
2012 Restructuring |  | 561 |  | 983 |  | 56 |  | 1,600 |
Short-term/long-term reclassification |  | — |  | — |  | — |  | — |
2012 Cash payments |  | (546 | ) | (137 | ) | (273 | ) | (956 | )
Balance as of September 30, 2012 |  | $ | 549 |  | $ | 974 |  | $ | 77 |  | $ | 1,600 |
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, 2011 (in thousands):
|  | LED & Solar |  | Data Storage |  | Unallocated Corporate |  | Total |
Short-term liability |  |  |  |  |  |  |  |  |
Balance as of January 1, 2011 |  | $ | — |  | $ | 178 |  | $ | 536 |  | $ | 714 |
2011 Restructuring |  | 672 |  | 51 |  | 311 |  | 1,034 |
Short-term/long-term reclassification |  | — |  | 58 |  | — |  | 58 |
2011 Cash payments |  | (138 | ) | (159 | ) | (553 | ) | (850 | )
Balance as of December 31, 2011 |  | $ | 534 |  | $ | 128 |  | $ | 294 |  | $ | 956 |
Long-term liability |  |  |  |  |  |  |  |  |
Balance as of January 1, 2011 |  | $ | — |  | $ | 58 |  | $ | — |  | $ | 58 |
Short-term/long-term reclassification |  | — |  | (58 | ) | — |  | (58 | )
Balance as of December 31, 2011 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |

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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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