Restructuring and Impairment Charges

9 Months Ended

Sep. 30, 2017

Restructuring and Related Activities [Abstract]

Restructuring and Impairment Charges

Restructuring and Impairment Charges

In the second quarter of 2017, we completed the physical relocation of our global headquarters from Rogers, Connecticut to Chandler, Arizona. We recorded $0.6 million and $2.4 million of expense related to this project in the three and nine months ended September 30, 2017. Severance activity related to the headquarters relocation is presented in the table below for the nine months ended September 30, 2017:

(Dollars in thousands)	Severance Related to Headquarters Relocation
Balance at December 31, 2016	$	470
Provisions	361
Payments	(649		)
Balance at September 30, 2017	$	182

The fair value of the total severance benefits to be paid (including payments already made) in connection with the relocation is $1.1 million. This total is being expensed ratably over the required service period for the affected employees.

In the third quarter of 2017, we recognized a $0.3 million charge related to the impairment of our remaining investment in BrightVolt, Inc. (formerly known as Solicore, Inc.). As this investment does not relate to a specific operating segment, we allocated it ratably among the three main operating segments.