RESTRUCTURING CHARGES

3 Months Ended

Mar. 31, 2012

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

Note 11 RESTRUCTURING CHARGES

The following table summarizes the activity related to the accrual for restructuring charges detailed by event for the three months ended March 31, 2012 and 2011.

	January 1,										March 31,
	2012							Foreign Exchange			2012
	Accrual		Charges		Payments			Gain			Accrual
	(in thousands)
Third quarter of 2008
Employee termination costs	$	301	$	—	$	—		$	—		$	301
Second quarter of 2010
Employee termination costs	1,846		—		(741		)	(226		)	879
Total 2012 activity	$	2,147	$	—	$	(741	)	$	(226	)	$	1,180

	January 1,							Currency		March 31,
	2011							Translation		2011
	Accrual		Charges		Payments			Adjustment		Accrual
	(in thousands)
Third quarter of 2002
Termination of contract with supplier	$	1,592	$	—	$	—		$	—	$	1,592
Second quarter of 2008
Employee termination costs	3		—		—			—		3
Third quarter of 2008
Employee termination costs	460		—		—			16		476
First quarter of 2009
Other restructuring charges	136		—		(45		)	—		91
Second quarter of 2010
Employee termination costs	1,286		21,210		(1,972		)	735		21,259
Total 2011 activity	$	3,477	$	21,210	$	(2,017	)	$	751	$	23,421

2011 Restructuring Charges

For the three months ended March 31, 2011, the Company began implementing cost reduction activities, primarily targeting research and development labor costs. The Company incurred restructuring charges of $21.2 million related to severance costs resulting from involuntary termination of employees at the Company’s subsidiary located in Rousset, France. Employee severance costs were recorded in accordance with the accounting standard related to costs associated with exit or disposal activities. The Company paid $0.7 million related to employee termination costs for the three months ended March 31, 2012.