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Restructuring

9 Months Ended

Sep. 30, 2012

L. Restructuring

In June 2012, we initiated a corporate restructuring, including a workforce reduction plan. The majority of the workforce reduction plan is associated with our manufacturing and development infrastructure. As a result of the restructuring, we expect to record total charges of approximately $1.6 million. Of the $1.6 million, approximately $1.0 million is related to employee severance and benefits. We recognized $0.4 million and $0.9 million of employee severance and benefits related costs during the three and nine months ended September 30, 2012, respectively. In addition, in connection with our decision to divest our Cambridge, Massachusetts manufacturing facility, we have recorded $0.1 million and $0.7 million in restructuring charges for the three and nine months ended September 30, 2012, respectively, related to the write-down of primarily raw material inventory that will no longer be usable upon the closure of the facility. We expect that the majority of these restructuring charges will be paid by the end of 2012.

In November 2011, we initiated a corporate restructuring, including a workforce reduction plan. 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 these 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 and nine months ended September 30, 2012 (in thousands):

	Three Months Ended September 30, 2012			Nine Months Ended September 30, 2012

Accrued restructuring, beginning of period	$	1,728		$	2,366
Employee severance, benefits and related costs	441			1,019
Payments	(902		)	(2,029		)
Inventory and other adjustments	166			77
Accrued restructuring, end of period	$	1,433		$	1,433

- 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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