|6 Months Ended|
Jun. 30, 2017
|Restructuring and Related Activities [Abstract]|
From time to time, the Company approves and implements restructuring plans as a result of acquisitions, internal resource alignment, and cost saving measures. Such restructuring plans include vacating certain leased facilities, terminating employees, and cancellation of contracts.
The following table presents the activity related to the restructuring plans, which is included in restructuring charges in the consolidated statements of income:
Included in restructuring charges for the 2017 periods is $4.4 million of incremental stock-based compensation from the acceleration of certain stock-based awards we assumed from Exar due to change in control provisions upon termination of former Exar executives, other severance-related charges of $1.6 million and lease restructuring charges of $0.6 million related to exiting certain Exar facilities. The lease impairment charges in the 2016 periods include adjustments to the estimates of net present value of the remaining lease obligation for actual sublease income and period costs associated with certain vacated facilities, including commissions to brokers involved in subleasing property. Total sublease income related to leased facilities the Company ceased using was approximately $0.5 million and $1.0 million for the three and six months ended June 30, 2017. Sublease income was approximately $0.4 million and $0.5 million for the three and six months ended June 30, 2016, respectively.
The following table presents a roll-forward of the Company's restructuring liability for the six months ended June 30, 2017. The restructuring liability is included in accrued expenses and other current liabilities in the consolidated balance sheets.
Non-cash items primarily consist of the release of accelerated stock-based awards upon termination of a former Exar executive.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef