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Business Restructuring
6 Months Ended
Jun. 30, 2011
Business Restructuring

NOTE 5 – BUSINESS RESTRUCTURING

 

We took restructuring actions in 2008 totaling $542,000, primarily severance-related, and additional actions in 2009 totaling $203,000 to flatten and streamline the organization, as well as reducing cost, by decreasing the size of our Board and abandoning a portion of our building space. At June 30, 2011, all previous accrued restructure costs have been paid or eliminated as a result of our lease amendment in February 2011.

 

An analysis of the restructuring is as follows (in thousands):

 

 Restructuring  Reserve
Balance
12/31/2009
  2010
Expense
  2010Payments/Write-Offs  Reserve
Balance
12/31/2010
  2011
Expense
  2011Payments/Write-Offs  Reserve
Balance
6/30/2011
 (in thousands)                     
 Downsizing US operations:                     
   Facility & other costs  $158   $—     $100   $58   $—     $58   $—   
 Total  $158   $—     $100   $58   $—     $58   $—