Restructuring Related Expenses |
6 Months Ended |
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Jun. 30, 2015 | |
| Restructuring and Related Activities | |
| Restructuring Related Expenses |
(3)Restructuring Related Expenses
In April 2015, the Company announced its plan to streamline its operations and refocus its activities on profitable growth opportunities. The planned streamlining is expected to reduce costs, improve efficiencies and renew focus on larger and more profitable Company markets. As part of the plan, the Company ceased operations in Vietnam and eliminated approximately 100 positions worldwide through both severance and attrition. The Company incurred approximately $2,100 of non-recurring expenses during the quarter, which are recorded primarily in selling, general and administrative expenses, of which $1,960 was related to severance and termination benefits and $140 was related to other exit costs. All but $1,120 of the costs incurred during the three months ended June 30, 2015 have been paid. The Company expects to incur up to an additional $500 of non-recurring expenses in the subsequent quarters.
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