Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Restructuring charges

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Note 9 - Restructuring charges
6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block]

9.         Restructuring charges


During the first quarter of 2012 the Company executed its 2012 Plan to combine the operations of the San Jose and ZF Array Technologies (“ZF Array”) facilities into one facility. The Company recorded restructuring charges of $451, consisting of severance costs of $196 and facility exit costs of $255. Staff levels were reduced by approximately 16 full-time equivalents (“FTEs”).


During the fourth quarter of 2012, the Company announced that the closure of the Markham production facility would occur in the second quarter of 2013 and recorded severance restructuring charges of $1,729, impacting approximately 197 FTEs.


During the first quarter of 2013, the restructuring accrual related to the closure of the Markham production facility was increased by $452, impacting approximately 7 FTEs.


During the second quarter of 2013, the restructuring accrual related to the closure of the Markham production facility was increased by $702, resulting from the termination of one additional FTE which represented $258 of the increase and the remainder was the result of changes in estimate of the severance charges related to the Markham facility closure during the quarter.


The following table details the change in restructuring accrual for the period from December 30, 2012 to June 30, 2013, relating to the 2012 Plan:


   

Severance  

   

Facility
exit costs
 

   

Total

 

2012 Plan

                       

Balance as at December 30, 2012

  $ 1,472     $ 255     $ 1,727  

Charges

    452             452  

Payments

    (475 )           (475 )
                         

Balance as at March 31, 2013

  $ 1,449     $ 255     $ 1,704  
                         

Charges

    702             702  

Payments

    (445 )           (445 )
                         

Balance as at June 30, 2013

  $ 1,706     $ 255     $ 1,961  

Remaining accrued amounts relating to the 2012 Plan in the United States and Markham are expected to be paid out by the end of the second quarter of 2014 through a drawdown on the revolving credit facilities.