Annual report pursuant to Section 13 and 15(d)

Restructuring Activity

v3.8.0.1
Restructuring Activity
 12 Months Ended
Dec. 31, 2017
Restructuring and Related Activities [Abstract]  
Restructuring Activity
Restructuring Activity

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 terminating employees, vacating certain leased facilities, and cancellation of contracts.
The following table presents the activity related to the plans, which is included in restructuring charges in the consolidated statements of operations:
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
(in thousands)
Employee separation expenses
$
8,353

 
$
1,038

 
$
5,533

Lease related expenses
1,025

 
2,264

 
8,163

Other
146

 
130

 
390

 
$
9,524

 
$
3,432

 
$
14,086


Included in employee separation expenses for the year ended December 31, 2017 is stock-based compensation from the acceleration of certain stock-based awards we assumed from Exar due to existing change in control provisions upon termination or diminution of authority of former Exar executives of $5.1 million and other severance-related charges of $3.2 million. Lease related and other charges for the 2017 period related to exiting certain redundant facilities. The lease related restructuring charges in the 2016 period include adjustments to the estimates of net present value of the remaining lease obligation associated with certain vacated facilities that are under lease arrangements assumed in connection with the Entropic acquisition, and exiting certain other leased facilities. Restructuring charges in 2015 primarily related to eliminating redundant positions and exiting Entropic facilities. Total sublease income related to leased facilities the Company ceased using was approximately $2.1 million and $1.3 million for the for the years ended December 31, 2017 and 2016, respectively. The Company does not expect to incur additional material costs related to 2017 restructuring plans.
The following table presents a roll-forward of the Company's restructuring liability for the years ended December 31, 2017 and 2016. The restructuring liability is included in accrued expenses and other current liabilities in the consolidated balance sheets.
 
Employee Separation Expenses
 
Lease Related Expenses
 
Other
 
Total
 
(in thousands)
Liability as of December 31, 2015
$
75

 
$
2,030

 
$
1,311

 
$
3,416

Restructuring charges
1,038

 
2,264

 
130

 
3,432

Cash payments
(1,047
)
 
(4,039
)
 
(1,338
)
 
(6,424
)
Non-cash charges
(66
)
 
244

 
(66
)
 
112

Liability as of December 31, 2016
—

—

499

 
37

 
536

Transfers from deferred rent
—

 
4,405

 
—

 
4,405

Restructuring charges
8,353

 
1,025

 
146

 
9,524

Assumed in acquisition
—

 
—

 
70

 
70

Cash payments
(2,984
)
 
(2,861
)
 
(146
)
 
(5,991
)
Non-cash charges
(5,130
)
 
(375
)
 
—

 
(5,505
)
Liability as of December 31, 2017
$
239

 
$
2,693

 
$
107

 
$
3,039