XML 43 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
RESTRUCTURING AND RELATED CHARGES (Tables)
 9 Months Ended
Sep. 30, 2014
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
(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. In 2013, GridSense recorded a restructuring charge related to employee severance and termination benefits and additional restructuring charges of $594 of which $63 was unpaid at December 31, 2013. During the second quarter of 2014, GridSense decided to shut down its Australian offices in the third quarter of 2014 in an effort to reduce costs and streamline operations. GridSense will continue to sell all of its current products in Australia and the surrounding areas through a network of distributors. With respect to the decision to shut down its Australian offices and a further reduction of personnel in the US, GridSense recorded a restructuring charge of $198 in 2014.
The following table presents activity during the nine months ended September 30, 2014 related to GridSense's restructuring:
 
 
Employee severance and termination benefits
 
Other costs
 
Total
Balance at December 31, 2013
 
$
63

 
$
—

 
$
63

Provision
 
119

 
79

 
198

Cash payments
 
(78
)
 
(73
)
 
(151
)
Non-cash settlements
 
(27
)
 
—

 
(27
)
Balance at September 30, 2014
 
$
77


$
6


$
83


The $83 of remaining accrued restructuring charge is expected to be paid in full in the first half of 2015 and is included in Other current liabilities in the Company's condensed consolidated balance sheets.

(b) OmniMetrixTM 
During the third quarter of 2013, OmniMetrix restructured its operations to better align expenses with revenues following a change in management. The restructuring involved employee severance and termination benefits ($178) as well as a charge for a significant reduction in the utilization of its leased facility in Buford, Georgia ($202 ), and a write-down of a majority of the remaining book value of leasehold improvements associated with the leased facility ($415). At December 31, 2013, $45 of the employee severance and termination benefits charge and $194 of the lease payments associated with the reduced utilization of the leased facility in Buford, Georgia remained unpaid. In 2014, OmniMetrix adjusted its estimated exit costs for its leased facility in Buford, Georgia and increased the provision by $96.
Schedule of Restructuring Reserve by Type of Cost
The following table presents activity during the nine months ended September 30, 2014 related to OmniMetrix's restructuring:
 
 
Employee severance and termination benefits
 
Facilities
 
Total
Balance at December 31, 2013
 
$
45

 
$
194

 
$
239

Adjustments
 
—

 
96

 
96

Cash payments
 
(45
)
 
(32
)
 
(77
)
Balance at September 30, 2014
 
$
—


$
258


$
258