Restructuring

On August 8, 2016, we announced our intention to relocate our global headquarters from Rogers, Connecticut to Chandler, Arizona. The move will build upon our presence in Arizona, where we already have major business and manufacturing operations. The decision supports our long-term strategy and is an integral part of our plans for growth and expansion. The new corporate headquarters location will be home to approximately 70 employees who support areas such as human resources, information technology, finance and supply chain, among others. The Rogers, Connecticut location will continue to have manufacturing, research and development and support services. In the first quarter of 2017, we recorded $0.7 million of expense related to this project.



(Dollars in thousands)	Severance related to headquarters relocation
Balance at December 31, 2016	$	470
Provisions	193
Payments	(238		)
Balance at March 31, 2017	$	425

The fair value of the total severance benefits to be paid is $1.2 million, of this, $0.2 million was expensed in the first quarter of 2017. This total will be expensed ratably over the required service period for the affected employees.