Restructuring Costs

3 Months Ended

Mar. 31, 2017

Restructuring And Related Activities [Abstract]

NOTE 11 – Restructuring Costs

In February 2017, the Company announced its plan to transfer its wafer fabrication operation in Lee’s Summit, MO, (“KFAB”) to other Company-owned wafer fabrication plants and external foundries. The Company expects to cease operations at KFAB late in third quarter 2017 and to vacate the premises no later than November 15, 2017. Employees have been offered retention and standard severance packages.

Total KFAB shutdown costs are expected to be approximately $10 million to $12 million, on a pretax basis, which will be expensed and paid throughout 2017. The table below sets forth the costs recorded in accrued liabilities during the three months ended March 31, 2017, related to the KFAB shutdown:

Early supply contract termination	$ 2,231
Retention costs:
Cost of goods sold	490
Selling, general and administrative	91
Research and development	15
Total	$ 2,827