Restructuring Actions

9 Months Ended

Sep. 30, 2014

16.

Restructuring Actions

In the fourth quarter of fiscal 2013, the Company incurred expenses of $4.8 million associated with an employee workforce reduction of approximately 155 positions that was designed to reduce the Company’s operating expenses and extend its cash runway. The Company recorded $2.2 million of the employee separation costs in research and development expense and $2.6 million in selling, general and administrative expense in the three-month period end December 31, 2013.

A rollforward of the restructuring liability for the nine-month period ended September 30, 2014 is as follows:


*In thousands*
Balance, January 1, 2014	$	2,220
Charges		—
Amounts paid		(2,220	)

Balance, September 30, 2014	$	—

The restructuring charges were paid by end of June 30, 2014. On the accompanying condensed consolidated balance sheets, the restructuring liability balance was classified as a component of accrued compensation and benefits.

- 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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