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Commitments, Contingencies and Other Matters | 6 Months Ended
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Jun. 30, 2013
Commitments, Contingencies and Other Matters |
Commitments, Contingencies and Other Matters | Note 7— Commitments, Contingencies and Other Matters Restructuring and Other Charges During the six months ended June 30, 2013 and 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 $0.5 million and $0.1 million, respectively. We did not record any restructuring charges during the three months ended June 30, 2013 and 2012.
|  | For the six months ended |
|  | June 30, |
|  | 2013 |  | 2012 |
Personnel severance and related costs |  | $ | 435 |  | $ | 63 |
Other associated costs |  | 96 |  | — |
|  | $ | 531 |  | $ | 63 |
Restructuring Liability The following is a reconciliation of the restructuring liability through June 30, 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 |  | (805 | ) | (926 | ) | (166 | ) | (1,897 | )
Balance as of June 30, 2013 |  | $ | 65 |  | $ | 433 |  | $ | 11 |  | $ | 509 |
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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