Restructurings and Lease Terminations

12 Months Ended

Dec. 31, 2012

Restructuring and Related Activities [Abstract]

Restructurings and Lease Terminations:

In November 2008, the Company announced a workforce reduction of approximately 110 employees from all areas of the Company. The Company recorded $2.0 million as a restructuring charge for the amount of one-time benefits provided to affected employees. Included in these costs was a net reduction in non-cash stock-based compensation of $0.8 million, reflecting a modification to certain stock-based awards previously granted to the affected employees. Additionally, in December 2008, in connection with excess and vacated facilities under long-term non-cancelable leases, the Company recorded $0.5 million as a restructuring charge for the estimated future lease payments, less estimated sublease income, for these vacated facilities. The Company paid the remaining amounts in 2011.

In December 2011, the Company implemented a workforce reduction of approximately 70 employees from all areas of the Company. The Company recorded $4.2 million as a restructuring charge for the amount of one-time benefits to be provided to affected employees. Included in these costs was a net increase in non-cash stock-based compensation of $0.4 million reflecting a modification of certain stock-based awards previously granted to the affected employees. Additionally, during 2011, in connection with excess and vacated facilities under long-term non-cancelable leases, the Company recorded $0.7 million as a restructuring charge for the estimated future lease payments, less estimated sublease income, for these vacated facilities.

In December 2012, the Company implemented work force reductions in connections with the 2012 acquisitions of FastSoft and Verivue. The Company recorded $0.4 million as a restructuring charge for the amount of one-time benefits provided to affected employees.

As of December 31, 2012 and 2011, the Company had $0.6 million and $3.9 million, respectively, of accrued restructuring liabilities. The restructuring liabilities will be fully paid through December 2019.

The following table summarizes the accrual and usage of the restructuring charges (in thousands):



	Leases			Severance			Total
Ending balance, December 31, 2009	$	149		$	672		$	821
Restructuring charge, net of restructuring benefit	—			—			—
Cash payments	(149		)	(365		)	(514		)
Ending balance, December 31, 2010	—			307			307
Restructuring charge, net of restructuring benefit	651			4,235			4,886
Cash payments	(58		)	(1,231		)	(1,289		)
Ending balance, December 31, 2011	593			3,311			3,904
Restructuring charge, net of restructuring benefit	33			373			406
Cash Payments	(109		)	(3,560		)	(3,669		)
Ending balance, December 31, 2012	$	517		$	124		$	641
Current portion of accrued restructuring	$	151		$	124		$	275
Long-term portion of accrued restructuring	$	366		$	—		$	366

- 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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