Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges

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Restructuring Charges
3 Months Ended
Mar. 31, 2014
Restructuring Charges [Abstract]  
Restructuring Charges

NOTE 13 – RESTRUCTURING CHARGES

 

During the three-months ended March 31, 2014, the Company recorded $238,000 in restructuring expense. This consisted of severance and related benefits costs due to the restructuring within the Transition Networks business segment, including ongoing costs related to the closure of the China facility.   We expect the facility to be completely closed in the second quarter of 2014. The Company paid $421,000 in restructuring charges during the first quarter of 2014 and had $303,000 in restructuring accruals recorded in accrued compensation and benefits at March 31, 2014 that are expected to be paid during 2014.