XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1

Business Realignment and Corporate Headquarter Relocation

9 Months Ended

Sep. 30, 2017

Business Realignment and Corporate Headquarter Relocation [Abstract]

Business Realignment and Corporate Headquarter Relocation

(12) Business Realignment and Corporate Headquarter Relocation



Business Realignment



The Company regularly evaluates the performance of its businesses and cost structures, including personnel, and makes necessary changes thereto in order to optimize its results.  The Company also evaluates the required skill sets of its personnel and periodically makes strategic changes.  As a consequence of these actions, the Company incurs severance related costs which are referred to as business realignment charges.



Business realignment charges by reportable segment were as follows:






		Three months ended				Nine months ended
		September 30,				September 30,
		2017		2016		2017		2016
Electronics (A)	$	16	$	-	$	72	$	1,180
PST (B)		37		211		475		1,242
Total business realignment charges	$	53	$	211	$	547	$	2,422



(A)   Severance costs for the three and nine months ended September 30, 2017 related to SG&A were $16. Severance costs for the nine months ended September 30, 2017 related to COGS were $56.  Severance costs for the nine months ended September 30, 2016 related to SG&A and design and development (“D&D”) were $196 and $984, respectively.



(B)   Severance costs for the three months ended September 30, 2017 related to COGS, SG&A and D&D were $17, $19 and $1, respectively.  Severance costs for the three months ended September 30, 2016 related to COGS and SG&A were $20 and $191, respectively. Severance costs for the nine months ended September 30, 2017 related to COGS, SG&A and D&D were $355, $119 and $1, respectively.  Severance costs for the nine months ended September 30, 2016 related to COGS, SG&A and D&D were $307,  $819 and $116, respectively.



Business realignment charges classified by statement of operations line item were as follows:






		Three months ended					Nine months ended
		September 30,					September 30,
		2017		2016			2017		2016
Cost of goods sold	$	17	$	20		$	411	$	307
Selling, general and administrative		35		191			135		1,015
Design and development		1		-			1		1,100
Total business realignment charges	$	53	$	211		$	547	$	2,422









Corporate Headquarter Relocation



In March 2016, the Company announced the relocation of its corporate headquarters from Warren, Ohio to Novi, Michigan. As a result, the Company incurred relocation costs of $726 and $998 for the three and nine months ended September 30, 2016 which were recorded within SG&A expenses in the condensed consolidated statements of operations.



In connection with the headquarter relocation, the Company was approved for a Michigan Business Development Program grant of up to $1,400 based upon the number of new jobs created in Michigan through 2021.  As a result of the attainment of the first milestone,  grant income of $338 was recognized for the nine months ended September 30, 2017 within SG&A expense in the condensed consolidated statements of operations.

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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration