Plan of Restructuring

9 Months Ended

Sep. 30, 2011

Restructuring and Related Activities

Restructuring and Related Activities Disclosure [Text Block]

Note 3 - Plan of Restructuring

In the second quarter of 2010, the Company implemented a restructuring plan to reduce operating costs.  The 2010 actions included the elimination of approximately 50 positions from our operations and the closing of our Stratford, Connecticut manufacturing facility.  The 2010 year-end results included a restructuring charge of $1.1 million consisting of employee severance pay, facility closing costs representing primarily lease termination and asset write-off costs, and other fees directly related to the restructuring plan.  The 2011 actions include the elimination of approximately 30 additional positions.  The 2011 results include an additional restructuring charge of $86,000 consisting of employee severance pay and other fees directly related to the restructuring plan. The costs associated with the restructuring are included in a separate line item, Restructuring costs, in the Condensed Consolidated Statements of Operations. We expect that the majority of these costs will be paid over the next three months.

The following table shows the amounts expensed and paid for restructuring costs that were incurred during the nine months ended September 30, 2011 and the remaining accrued balance of restructuring costs as of September 30, 2011, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets:

	Balance December 31, 2010	Provision	Payments and Other Adjustments	Balance September 30, 2011
Severance costs (1)	$    -	$  40	$  38	$    2
Facility closing costs (2)	215	6	166	55
Other fees	94	40	48	86
	$309	$86	$252	$143

(1) Represents salaries for employees separated from the Company.

(2) Represents costs associated with the closing of the Stratford, Connecticut facility (primarily lease termination costs) and leasehold improvement and equipment write-offs.

The following table shows, by reportable segment, the restructuring costs incurred during the nine months ended September 30, 2011 and the remaining accrued balance of restructuring costs as of September 30, 2011:

	Balance December 31, 2010	Provision	Payments and Other Adjustments	Balance September 30, 2011
Indoor display	$309	$61	$227	$143
Outdoor display	-	25	25	-
	$309	$86	$252	$143