XML 69 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring
12 Months Ended
Dec. 31, 2013
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment, and Other Activities Disclosure [Text Block]
18.
Restructuring: 
 
In connection with the acquisition of Correvio (note 4), the Company terminated several employees subsequent to the closing, in its efforts to integrate Correvio’s operations.
 
In March and July of 2012, the Company reduced its workforce, exited redundant leased facilities and terminated certain contracts. The workforce reduction initiative was completed in 2012, with the related liability substantially paid out in the first quarter of 2013. Idle-use expense and other charges recognized in the year ended December 31, 2012 included lease termination costs settled by the issuance of common shares (note 12(b)) and other non-cash items. The majority of the liability associated with idle-use expense and other charges, which is related to redundant leased facilities, is expected to be settled by the end of the first quarter of 2014.
 
The following table summarizes the provisions related to the restructuring for the years ended December 31, 2013 and 2012:
 
 
 
Employee
 
Idle-use
 
 
 
 
 
 
 
termination
 
expense and
 
Asset
 
 
 
 
 
benefits
 
other charges
 
impairments
 
Total
 
 
 
 
 
 
 
 
 
 
 
Restructuring expense recognized
 
5,553
 
3,770
 
717
 
10,040
 
Payments made
 
(5,509)
 
(3,462)
 
-
 
(8,971)
 
Non-cash items
 
276
 
(61)
 
(717)
 
(502)
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
 
320
 
247
 
-
 
567
 
Restructuring expense recognized
 
1,336
 
-
 
-
 
1,336
 
Revisions to prior accruals
 
(12)
 
(117)
 
-
 
(129)
 
Payments made
 
(926)
 
(30)
 
-
 
(956)
 
Non-cash items
 
-
 
(86)
 
-
 
(86)
 
Balance at December 31, 2013
 
718
 
14
 
-
 
732