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Restructuring

6 Months Ended

Jun. 30, 2012

9. RESTRUCTURING

In December 2011, the Company restructured its operations by reducing its workforce by 28%. Restructuring charges totaling $1,145,000 were recorded in 2011 and included severance and related costs. The restructuring was completed by January 31, 2012 and all severance costs are expected to be paid by December 2012.

Changes in the liability and the balance related to the December 2011 restructuring plan are as follows:


	Six Months Ending June 30, 2012
	(in thousands)
Balance at January 1, 2012	$	828
Restructuring charge for severance		—
Severance payments		(86	)

Balance at June 30, 2012	$	742

- 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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