XML 95 R28.htm IDEA: XBRL DOCUMENT v3.20.1
Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent EventsAs a result of the COVID-19 pandemic, which has disrupted businesses around the world and led to the start of a global economic recession, we have developed and are implementing a plan to reduce costs and conserve cash balances in the event that the COVID-19 health crisis continues unabated through the remainder of this year or beyond. These plans include, among other things, a reduction in global salaries and benefits at most levels, implementation of a shortened work week in many areas, elimination of most non-essential or discretionary spending, and the indefinite delay of all capital outlays (except in connection with our AgilePlans program and Photonic Integrated Chip initiative). We have also developed contingent action plans that we may implement based on the duration of the health crisis and its continued negative global economic impact which includes furloughing some amount of our workforce or increasing the salary reduction at some or all levels of the Company. We are continuing to monitor global developments and are prepared to implement these and other actions should we consider it necessary.