Accrued Restructuring Costs

9 Months Ended

Sep. 30, 2011

Accrued Restructuring Costs [Abstract]

Accrued Restructuring Costs

9.    ACCRUED RESTRUCTURING COSTS

During 2010, in connection with the Company's integration plan of Chordiant, the Company recorded $6.5 million of severance and related benefit costs that will be paid by the end of the second quarter of 2012.

In connection with the Company's evaluation of its combined facilities, the Company approved a plan to exit a portion of its office space within one of its facilities. The Company ceased use of this space during the fourth quarter of 2010 and recognized $1.6 million of restructuring expenses, representing future lease payments and demising costs, net of estimated sublease income for this space. The lease expires at the end of 2013. During the third quarter of 2011, as a result of signing a sublease for the vacated space, the Company revised its estimate of exit costs and recorded a $0.2 million reduction of expense.

A summary of the restructuring activity during the first nine months of 2011 is as follows:

(in thousands)	Personnel		Facilities		Total
Balance as of December 31, 2010	$	2,752	$	2,117	$	4,869
Restructuring costs		-		(62)		(62)
Cash payments		(2,243)		(1,111)		(3,354)
Balance as of September 30, 2011	$	509	$	944	$	1,453

(in thousands)		September 30, 2011	December 31, 2010
Reported as:
Accrued expenses	$	940	$	3,671
Other long-term liabilities		513		1,198
	$	1,453	$	4,869