|3 Months Ended|
Mar. 31, 2016
|Restructuring and Related Activities [Abstract]|
In connection with the Company's acquisition of Entropic, the Company entered into a restructuring plan to address matters primarily relating to the integration of the Company and Entropic businesses. In connection with this plan, the Company has terminated the employment of 87 Entropic employees since the acquisition closing date. The Company did not incur any associated employee separation charges for the three months ended March 31, 2016, as the Company did not have such terminations during the quarter.
Additionally, in connection with the restructuring plan, the Company ceased use of the former Entropic headquarters in 2015. During the three months ended March 31, 2016, the Company recognized lease charges of $2.0 million based on the adjustment to the net present value of the remaining lease obligation on the cease of use date as well as the execution of the final sublease. The Company believes all charges have been incurred related to restructuring as of March 31, 2016.
The following table presents the activity related to the plan, which is included in restructuring charges in the Consolidated Statements of Operations:
The following table presents a roll-forward of the Company's restructuring liability as of March 31, 2016, which is included in accrued expenses and other current liabilities in the Consolidated Balance Sheets:
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