Quarterly report pursuant to Section 13 or 15(d)

Restructuring Charges

v2.4.1.9
Restructuring Charges
3 Months Ended
Mar. 31, 2015
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 provided certain Security Networks' employees with a severance package that entitled 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.  No restructuring charges were recognized during the three months ended March 31, 2015. During the three months ended March 31, 2014, the Company recognized $547,000 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 balances of the 2013 Restructuring Plan (amounts in thousands):
 
December 31, 2014
 
Additions
 
Payments
 
March 31, 2015
2013 Restructuring Plan
 

 
 

 
 

 
 

Severance and retention
$
134

 

 
(134
)
 
$



 
December 31, 2013
 
Additions
 
Payments
 
March 31, 2014
2013 Restructuring Plan
 
 
 
 
 
 
 
Severance and retention
$
1,570

 
547

 
(504
)
 
$
1,613