XML 86 R12.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Restructuring and Related Charges | 12 Months Ended
--- | ---
Dec. 31, 2014
Restructuring and Related Activities [Abstract] |
Restructuring and Related Charges | NOTE 5—RESTRUCTURING AND RELATED CHARGES (a) GridSense In 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 no longer had a production line in Australia, but did have some residual research and development activities. 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. During the second quarter of 2014, GridSense decided to shut down its Australian offices in an effort to further 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 2014 decision to shut down its Australian offices and a further reduction of personnel in the United States, GridSense recorded an additional restructuring charge of $198 in 2014. The following table summarizes GridSense’s restructuring charges during the years ended December 31, 2013 and 2014:
|  | Years ended December 31, |
|  | 2013 |  |  | 2014 |
Employee severance and termination benefits |  | $ | 302 |  |  | $ | 119 |
Facilities costs |  |  | 101 |  |  |  | — |
Abandonment of fixed assets |  |  | 39 |  |  |  | — |
Inventory obsolescence |  |  | 152 |  |  |  | — |
Other |  |  | — |  |  |  | 79 |
Total |  | $ | 594 |  |  | $ | 198 |
The following table presents activity during the years ended December 31, 2013 and 2014 related to GridSense’s restructuring:
|  | Employee severance and termination benefits |  |  | Facilities |  |  | Inventory and fixed asset impairments |  |  | Other |  |  | Total |
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision |  |  | 302 |  |  |  | 101 |  |  |  | 191 |  |  |  | — |  |  |  | 594 |
Cash payments |  |  | (239 | ) |  |  | (101 | ) |  |  | — |  |  |  | — |  |  |  | (340 | )
Non-cash settlements |  |  | — |  |  |  | — |  |  |  | (191 | ) |  |  | — |  |  |  | (191 | )
Balance at December 31, 2013 |  |  | 63 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 63 |
Provision |  |  | 119 |  |  |  | 7 |  |  |  | — |  |  |  | 72 |  |  |  | 198 |
Cash payments |  |  | (144 | ) |  |  | (7 | ) |  |  | — |  |  |  | (72 | ) |  |  | (223 | )
Balance at December 31, 2014 |  | $ | 38 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 38 |
The total remaining accrued restructuring balance of $38 with respect to GridSense’s restructuring is expected to be paid in full by December 31, 2015 and is included in Other current liabilities in the Company’s Consolidated Balance Sheets. (b) OmniMetrix 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. The following table presents activity during the years ended December 31, 2013 and 2014 related to OmniMetrix’s restructuring:
|  | Employee severance and termination benefits |  |  | Facilities |  |  | Fixed asset impairments |  |  | Total |
Balance at December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Provision |  |  | 178 |  |  |  | 202 |  |  |  | 415 |  |  |  | 795 |
Cash payments |  |  | (133 | ) |  |  | (8 | ) |  |  | — |  |  |  | (141 | )
Non-cash settlements |  |  | — |  |  |  | — |  |  |  | (415 | ) |  |  | (415 | )
Balance at December 31, 2013 |  |  | 45 |  |  |  | 194 |  |  |  | — |  |  |  | 239 |
Provision |  |  | — |  |  |  | 96 |  |  |  | — |  |  |  | 96 |
Cash payments |  |  | (45 | ) |  |  | (42 | ) |  |  | — |  |  |  | (87 | )
Balance at December 31, 2014 |  | $ | — |  |  | $ | 248 |  |  | $ | — |  |  | $ | 248 |
The total remaining accrued restructuring balance of $248 is expected to be paid in full by December 31, 2019 and is included in Other current liabilities ($44) and Other liabilities ($204) in the Company’s 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 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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 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 Reference 4: 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 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration