XML 17 R10.htm IDEA: XBRL DOCUMENT
v2.4.0.8

RESTRUCTURING AND RELATED CHARGES (Notes) | 9 Months Ended
--- | ---
Sep. 30, 2013
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | RESTRUCTURING AND RELATED CHARGES (a) GridSense During the second quarter of 2013, following a change in its management, the Company's GridSense segment made a decision to restructure operations in both its USA and Australian entities. This action was taken primarily in order to improve efficiency based on GridSense's revenue mix and skills mix. Accordingly, GridSense recorded a restructuring charge of $302 related to severance and other termination benefits for 17 employees whose positions were made redundant both in the United States and in Australia. In addition, in connection with downsizing its Australian operations, GridSense decided to move its operations to a smaller facility and recorded a restructuring charge of $101, consisting of contractual rental commitments and related moving costs. In connection with that move, GridSense recorded a loss of $39 reflecting the remaining book value of abandoned fixed assets. Following the restructuring, GridSense's Australian operations no longer have a production line and have minimal research and development activities. All product production and development now take place at GridSense's U.S. operations facility in Sacramento. As a result of the cessation of production activities in Australia, GridSense also recorded a provision of $152 related to products which had been produced in Australia, but will no longer be produced or supported by U.S. operations. The following table summarizes GridSense's restructuring charges during the nine months ended September 30, 2013:
Employee severance and termination benefits |  | $ | 302 |
Facilities costs |  | 101 |
Abandonment of fixed assets |  | 39 |
Inventory obsolescence |  | 152 |
Total |  | $ | 594 |
The following table presents activity during the nine months ended September 30, 2013 related to GridSense's restructuring:
|  | Employee severance and termination benefits |  | Facilities |  | Inventory and fixed asset impairments |  | Total
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision |  | 302 |  |  | 101 |  |  | 191 |  |  | 594 |
Cash payments |  | (207 | ) |  | (74 | ) |  | — |  |  | (281 | )
Non-cash settlements |  | — |  |  | — |  |  | (191 | ) |  | (191 | )
Balance at September 30, 2013 |  | $ | 95 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 122 |
The total remaining accrued restructuring balance of $122 with respect to GridSense's restructuring is expected to be paid in full by December 31, 2013 and is included in Other current liabilities in the Company's condensed consolidated balance sheets. (b) OmniMetrix During the first half of 2013, OmniMetrix marketed its Power Generation Monitoring ("PG") products primarily to dealers and distributors of the most common brands of generators. While some larger dealers have embraced OmniMetrix's business model (a recurring revenue model where monitors are sold at or below cost in exchange for customer commitments for fixed term monitoring contracts), it has not universally resonated within the dealer marketplace and the rate of anticipated adoption (and thus sales of monitors and monitoring subscriptions) has been far slower than anticipated. Revenue in 2013 and expected future monitoring revenues from renewals have been significantly adversely impacted by an inability to make sufficient new sales (see Note 7 for impairments of goodwill and intangibles). OmniMetrix is currently refining a revised strategic direction which includes marketing to end-users as well as to select dealers identified as possessing both substantial maintenance customer bases and a willingness to provide value-added services. The Company intends to share the resources of OmniMetrix with GridSense in order to capitalize on synergies from both companies’ machine-to-machine operating models, power assurance focus and complementary personnel, and as a first step appointed the CEO of GridSense to also serve as CEO of OmniMetrix. OmniMetrix is currently engaged in restructuring its operations to better align expenses with revenues as now projected by its new management. This will result in personnel layoffs and significantly reduced utilization of its leased facility in Buford, Georgia. Accordingly, OmniMetrix recorded a restructuring charge of $155 related to severance and other termination benefits for employees replaced or whose positions were made or are expected to be made redundant. In addition, as a result of the expected significantly reduced utilization of its leased facility, OmniMetrix also recorded a restructuring charge of $202 for the expected net contractual rental commitments through the end of its lease in December 2019. Furthermore, OmniMetrix recorded a loss of $415 reflecting the write-down of a majority of the remaining book value of leasehold improvements associated with the leased facility net of the landlord's participation in those improvements. The entire restructuring charge at OmniMetrix of $772 is reflected in the unallocated cost of OmniMetrix headquarters (see Note 10). The following table summarizes OmniMetrix's restructuring charges during the nine months ended September 30, 2013:
Employee severance and termination benefits |  | $ | 155 |
Facilities costs |  | 202 |
Fixed asset impairments, net |  | 415 |
Total |  | $ | 772 |
The following table presents activity during the nine months ended September 30, 2013 related to OmniMetrix's restructuring:
|  | Employee severance and termination benefits |  | Facilities |  | Fixed asset impairments |  | Total
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision |  | 155 |  |  | 202 |  |  | 415 |  |  | 772 |
Cash payments |  | (37 | ) |  | — |  |  | — |  |  | (37 | )
Non-cash settlements |  | — |  |  | — |  |  | (415 | ) |  | (415 | )
Balance at September 30, 2013 |  | $ | 118 |  |  | $ | 202 |  |  | $ | — |  |  | $ | 320 |
The total remaining accrued restructuring balance of $320 is expected to be paid in full by December 31, 2019 and is included in Other current liabilities ($147) and Other liabilities ($173) in the Company's condensed consolidated balance sheets.

X
- 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 Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: 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=6394695&loc=d3e140904-122747 Reference 3: 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=6394695&loc=d3e140864-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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