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Restructuring
3 Months Ended
Mar. 31, 2012
Restructuring  
Restructuring

K.           Restructuring

 

In November 2011, we initiated a corporate restructuring, including a workforce reduction plan, which included an approximate 25% reduction in positions. During the fourth quarter of 2011, we recorded $3.5 million of restructuring related costs, primarily related to employee severance and benefits. The workforce reduction was substantially completed by the end of 2011, and we expect that the majority of our restructuring charges will be paid by the end of 2012.

 

The following table outlines the components of our restructuring expenses which were recorded in operating expenses and current liabilities for the three months ended March 31, 2012 (in thousands):

 

 

 

Three Months Ended
March 31, 2012

 

 

 

 

 

Accrued restructuring, beginning of period

 

$

2,366

 

Employee severance, benefits and related costs

 

85

 

Payments

 

(609

)

Other adjustments

 

(79

)

Accrued restructuring, end of period

 

$

1,763