ACCRUED RESTRUCTURING COSTS

12 Months Ended

Dec. 31, 2012

11.

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, which were all paid by the end of the first quarter of 2012. Also, in connection with the Company’s evaluation of its combined facilities, the Company eliminated space within one facility 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.

A summary of the restructuring activity during 2012, 2011, and 2010 is as follows:


(in thousands)	Personnel			Facilities			Total
Balance as of April 21, 2010	$	—		$	—		$	—
Restructuring costs		6,501			1,563			8,064
Cash payments		(3,749	)		(69	)		(3,818	)
Other (1)		—			623			623

Balance as of December 31, 2010	$	2,752		$	2,117		$	4,869

Restructuring costs		—			(62	)		(62	)
Cash payments		(2,509	)		(1,255	)		(3,764	)

Balance as of December 31, 2011	$	243		$	800		$	1,043

Cash payments		(243	)		(359	)		(602	)

Balance as of December 31, 2012	$	—		$	441		$	441

(1)	Reflects the liability initially recorded for the acquired above market operating lease terms at acquisition, which was subsequently restructured.


(in thousands)	As of December 31, 2012		As of December 31, 2011
Reported as:
Accrued expenses	$	441	$	626
Other long-term liabilities		—		417

	$	441	$	1,043

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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