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Restructuring and Related Charges
12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Related Charges

NOTE 7 — RESTRUCTURING AND RELATED CHARGES

 

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 and a write-down of a majority of the remaining book value of leasehold improvements associated with the leased facility.

 

At December 31, 2014, $248 of lease payments associated with the reduced utilization of leased facilities remained unpaid. During the year ended December 31, 2015, OmniMetrix paid $44 of this liability. The remaining accrued restructuring balance at December 31, 2015 of $204 is included in Other current liabilities ($45) and Other long-term liabilities ($159) in the Company’s Consolidated Balance Sheets. During the year ended December 31, 2016, OmniMetrix paid $45 of this liability. The remaining accrued restructuring balance at December 31, 2016 of $159 is included in Other current liabilities ($46) and Other long-term liabilities ($113) in the Company’s Consolidated Balance Sheets.