Restructuring Charges

12 Months Ended

Dec. 31, 2015

Note 10 — Restructuring Charges

During 2013, the Company recorded $1.5 million in personnel severance and related costs resulting from the restructuring of one of its international sales offices and the consolidation of certain sales and administrative functions. This consolidation was substantially complete at the end of 2013.

During 2014, the Company announced the closing of its Ft. Collins, Colorado and Camarillo, California facilities. Business activities formally conducted at these sites have been transferred to the Company’s Plainview, New York facility, and the Company recorded $0.4 million of facility closing costs. The Company also took additional measures to improve profitability in the challenging business environment and notified 93 employees of their termination from the Company and recorded $4.0 million of personnel severance and related costs. These actions were substantially complete at the end of 2014.

During 2015, additional charges of $2.7 million were recognized and payments made related to the 2014 closing of the Ft. Collins, Colorado and Camarillo, California facilities. In 2015, the Company announced the closing of its Hyeongok-ri, South Korea facility and reduced the workforce, including 23 employees whose positions were eliminated, resulting in additional restructuring costs of $1.1 million. And in an effort to better align the Company’s cost structure with the recently observed weakness in the LED market, the Company incurred $0.9 million to reduce spending primarily through the reduction of 16 employees and 12 temporary staff.

Additional restructuring costs to be accrued for these activities are not expected to be significant.

The following table shows the amounts incurred and paid for restructuring activities during the years ended December 31, 2015, 2014, and 2013 and the remaining accrued balance of restructuring costs at December 31, 2015, which is included in “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets:

	Personnel
	Severance and			Facility
	Related Costs			Closing Costs			Total
	(in thousands)
Balance at December 31, 2012	$	1,875		$	—		$	1,875
Provision	1,485			—			1,485
Payments	(2,827		)	—			(2,827		)

Balance at December 31, 2013	533			—			533
Provision	4,012			382			4,394
Payments	(3,117		)	(382		)	(3,499		)

Balance at December 31, 2014	1,428			—			1,428
Provision	3,513			1,166			4,679
Payments	(4,117		)	(1,166		)	(5,283		)

Balance at December 31, 2015	$	824		$	—		$	824