Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges

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Restructuring Charges
6 Months Ended
Jun. 30, 2014
Restructuring and Related Activities [Abstract]  
Restructuring Charges
Restructuring Charges
 
In connection with the Security Networks Acquisition, management approved a restructuring plan to transition Security Networks’ operations in West Palm Beach and Kissimmee, Florida to Dallas, Texas (the “2013 Restructuring Plan”).  The 2013 Restructuring Plan provides certain employees with a severance package that entitles them to receive benefits upon completion of the transition in 2014.  Severance costs related to the 2013 Restructuring Plan were recognized ratably over the future service period.  During the three and six months ended June 30, 2014, the Company recorded $371,000 and $918,000, respectively, of restructuring charges related to employee termination benefits under the 2013 Restructuring Plan. The transition of Security Networks' operations to Dallas was completed in the second quarter of 2014.

There were no restructuring charges recorded for the three and six months ended June 30, 2013.

The following table provides the activity and balance of the Company’s restructuring plan (amounts in thousands):
 
December 31, 2013
 
Additions
 
Payments
 
June 30, 2014
2013 Restructuring Plan
 

 
 

 
 

 
 

Severance and retention
$
1,570

 
918

 
(2,042
)
 
446