XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Restructuring Charges | 12 Months Ended
--- | ---
Dec. 31, 2018
Restructuring Charges |
Restructuring Charges | Note 10 — Restructuring Charges During 2017, the Company initiated certain restructuring activities related to the Company’s efforts to streamline operations, enhance efficiencies, and reduce costs, as well as reduce the Company’s investments in certain technology development. In addition, during 2017, the Company began the Ultratech acquisition integration process to enhance efficiencies, resulting in reductions in headcount and other facility costs. During the year ended December 31, 2018, additional accruals were recognized and payments were made related to these restructuring initiatives. During the second quarter of 2018, the Company initiated plans to further reduce excess capacity associated with the manufacture and support of the Company’s advanced packaging lithography and 3D wafer inspection systems by consolidating these operations into its San Jose, California facility. As a result of this and other cost saving initiatives, the Company announced headcount reductions of approximately 40 employees and recorded restructuring charges related to these actions of $2.8 million for the year ended December 31, 2018, consisting principally of personnel severance and related costs. The Company expects the consolidation to be completed in the first quarter of 2019, and expects to incur immaterial additional restructuring costs as this initiative is completed. During the third quarter of 2018, the Company initiated additional restructuring activities to further reduce costs, including headcount reductions impacting approximately 35 employees and recorded restructuring charges related to these actions of $1.2 million, consisting principally of personnel severance and related costs. This initiative was completed by the end of 2018. Restructuring expense for the year ended December 31, 2018 included non-cash charges of $1.2 million related to accelerated share-based compensation for employee terminations, compared to $1.9 million for the comparable prior year period. The following table shows the amounts incurred and paid for restructuring activities during the years ended December 31, 2018, 2017, and 2016 and the remaining accrued balance of restructuring costs at December 31, 2018, which is included in “Accrued expenses and other current liabilities” in the Consolidated Balance Sheets:
|  | Personnel |  | Facility |  |  |
|  | Severance and |  | Related Costs |  |  |
|  | Related Costs |  | and Other |  | Total
|  | (in thousands)
Balance - December 31, 2015 |  | $ | 824 |  | $ | — |  | $ | 824
Provision |  |  | 4,544 |  |  | 1,098 |  |  | 5,642
Changes in estimate |  |  | (2) |  |  | — |  |  | (2)
Payments |  |  | (3,570) |  |  | (1,098) |  |  | (4,668)
Balance - December 31, 2016 |  |  | 1,796 |  |  | — |  |  | 1,796
Provision |  |  | 4,714 |  |  | 5,257 |  |  | 9,971
Payments |  |  | (4,990) |  |  | (5,257) |  |  | (10,247)
Balance - December 31, 2017 |  |  | 1,520 |  |  | — |  |  | 1,520
Provision |  |  | 4,681 |  |  | 2,714 |  |  | 7,395
Payments |  |  | (4,058) |  |  | (2,644) |  |  | (6,702)
Balance - December 31, 2018 |  | $ | 2,143 |  | $ | 70 |  | $ | 2,213

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration