Annual report pursuant to Section 13 and 15(d)

Restructuring Charges

v2.4.1.9
Restructuring Charges
12 Months Ended
Dec. 31, 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 year ended December 31, 2014, the Company recorded $952,000 of restructuring charges related to employee termination benefits under the 2013 Restructuring Plan. During the year ended December 31, 2013, the Company recorded $1,111,000 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.

The following tables provide the activity and balance of the Company’s 2013 restructuring plan (amounts in thousands):
 
December 31, 2013
 
Additions
 
Payments
 
Other
 
December 31, 2014
2013 Restructuring Plan
 

 
 

 
 

 
 
 
 

Severance and retention
$
1,570

 
952

 
(2,388
)
 

 
134



 
December 31, 2012
 
Additions
 
Payments
 
Other
 
December 31, 2013
2013 Restructuring Plan
 
 
 
 
 
 
 
 
 
Severance and retention
$

 
1,111

 
(33
)
 
492

(a)
1,570

 
(a)        Amount was recorded upon the acquisition of Security Networks.