ACCRUED RESTRUCTURING EXPENSES

9 Months Ended

Sep. 30, 2014

11. ACCRUED RESTRUCTURING

During the fourth quarter of 2013, in connection with the Company’s evaluation of its combined facilities with Antenna, the Company approved a plan to eliminate space within one facility. The Company ceased use of this space during the fourth quarter of 2013 and recognized $1.7 million of restructuring expenses. During the third quarter of 2014, the Company restructured the remaining space within the same facility, revised its restructuring estimate, and recognized $0.2 million in additional restructuring expense. These restructuring expenses represent future lease payments and demising costs, net of estimated sublease income for this space. The lease expires in 2021.

A summary of the restructuring activity is as follows:


(in thousands)
Balance as of December 31, 2013	$	1,591

Restructuring expenses		192

Cash payments		(257)

Other		(128)


Balance as of September 30, 2014	$	1,398


	As of September 30,		As of December 31,

(in thousands)	2014		2013
Reported as:

Accrued expenses	$	816	$	371

Other long-term liabilities		582		1,220

	$	1,398	$	1,591

- 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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