Subsequent Event (Notes) |
3 Months Ended |
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Jun. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] |
Subsequent Event
On July 26, 2016, the Company approved a restructuring plan (the “2017 Restructuring”), including discontinuing development of the ClearLink Distributed Antenna System (DAS), a reduction of headcount, and consolidation of facilities in Manchester, NH and Aurora, IL. In addition to the $1.2 million impairment charge of fixed assets and $1.4 million of E&O expense for ClearLink DAS inventory and pipeline inventory which was recorded in the three months ended June 30, 2016, the Company expects to incur future charges of approximately $1.9 million, including estimated cash payments of $0.7 million related to employee separation benefits and non-cash charges of approximately $1.2 million for facility-related costs. The planned restructuring is scheduled to be substantially completed by March 31, 2017.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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