XML 28 R14.htm IDEA: XBRL DOCUMENT

Restructuring and Related Charges

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Charges

NOTE 6 — RESTRUCTURING AND RELATED CHARGES

(a) GridSense

In 2013, following a change in its management, GridSense decided 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 related to severance and other termination benefits as well as a restructuring charge connected with downsizing its Australian operations. Following this restructuring, GridSense no longer had a production line in Australia, but did have some residual research and development activities. At December 31, 2013, $63 of these restructuring charges remained unpaid.

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 planned to 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, 2014 and 2015:

		Years ended December 31,
		2014				2015
Employee severance and termination benefits		$	119			$	—
Other			79				—
Total		$	198			$	—

The following table presents activity during the years ended December 31, 2014 and 2015 related to GridSense's restructuring:

		Employee severance and termination benefits				Facilities				Other				Total
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
Adjustment			(4	)			—				—				(4	)
Cash payments			—				—				—				—
Balance at December 31, 2015		$	34			$	—			$	—			$	34

The total remaining accrued restructuring balance of $34 with respect to GridSense's restructuring is expected to be paid in full by December 31, 2016 and is included in Other current liabilities in the Company's Consolidated Balance Sheets.

(b) OmniMetrix

In 2013, OmniMetrix restructured its operations to better align expenses with revenues following a change in management. The restructuring involved employee severance and termination benefits as well as a charge for a significant reduction in the utilization of its leased facility in Buford, Georgia. 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, 2014 and 2015 related to OmniMetrix's restructuring:

		Employee severance and termination benefits				Facilities				Fixed asset impairments				Total
Balance at December 31, 2013		$	45			$	194			$	—			$	239
Provision			—				96				—				96
Cash payments			(45	)			(42	)			—				(87	)
Balance at December 31, 2014			—				248				—				248
Provision			—				—				—				—
Cash payments			—				(44	)			—				(44	)
Balance at December 31, 2015		$	—			$	204			$	—			$	204

The total remaining accrued restructuring balance of $204 is expected to be paid in full by December 31, 2019 and is included in Other current liabilities ($45) and Other liabilities ($159) in the Company's Consolidated Balance Sheets.