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Restructuring | 9 Months Ended
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Jun. 30, 2019
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring The Company and its former Chief Executive Officer and President, Fokko Pentinga, agreed on a transition of leadership, pursuant to which Mr. Pentinga stepped down as the Chief Executive Officer, President and a director of the Company effective December 6, 2018 (the “Effective Date”). In connection with his departure, Mr. Pentinga and the Company entered into a Separation Agreement and General Release of all Claims, dated November 28, 2018 (the “Separation Agreement”). Pursuant to the Separation Agreement, Mr. Pentinga received the following benefits:
• | a severance payment of $864,000 in gross, less all customary and appropriate income and employment taxes;
• | a payment of $458,500 for all other amounts due him;
• | all of his time-based stock options (the “Options”), became fully vested and immediately exercisable. Mr. Pentinga has the right to exercise Options with an exercise price of $7.01 or less until December 31, 2019. The remaining Options were exercisable during the 90-day period following the Effective Date; and
• | certain other benefits as set forth in the Separation Agreement.
The table below details the activity for the nine months ended June 30, 2019 related to the above action as well as additional headcount reductions as we consolidated satellite offices in our Semiconductor segment and the outstanding obligations as of June 30, 2019, in thousands:
| Nine Months Ended June 30, 2019
Balance at September 30, 2018 | $ | — |
Severance expense, net of adjustments | 1,072 |
Cash payments | (1,041 | )
Balance at June 30, 2019 | $ | 31 |

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- 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
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