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Note 6 - Restructuring and Other Exit Costs

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

6. Restructuring and Other Exit Costs

On an ongoing basis, the Company reviews the global economy, the healthcare industry, and the markets in which it competes to identify operational efficiencies, enhance commercial capabilities and align its cost base and infrastructure with customer needs and its strategic plans.  In order to realize these opportunities, the Company undertakes restructuring-type activities from time-to-time to transform its business.

The following table summarizes the activity for restructuring liabilities as of June 30, 2020, substantially all of which relates to employee severance and other employee costs:

(in thousands)		Severance Costs				Other				Total
Balance at December 31, 2019		$	364			$	4			$	368
Restructuring charges			834				40				874
Adjustments			(45	)			-				(45	)
Cash payments			(569	)			(36	)			(605	)
Balance at March 31, 2020		$	584			$	8			$	592
Restructuring charges			562				186				748
Non-cash portion			-				(168	)			(168	)
Cash payments			(531	)			(26	)			(557	)
Balance at June 30, 2020		$	615			$	-			$	615

As of June 30, 2020, the Company had a restructuring liability of $0.6 million which is payable within the next twelve months and has been included in other current liabilities in the consolidated balance sheet.

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- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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