RESTRUCTURING
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Mar. 31, 2014
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RESTRUCTURING | |||||||||||||||||||||||||||||||||||||||||||||
RESTRUCTURING | 4. RESTRUCTURING
On April 25, 2013, we announced the decision to discontinue our discovery research programs and companion diagnostics program based on telomere length and close our research laboratory facility located at 200 Constitution Drive, Menlo Park, California. With this decision, a total of 20 positions were eliminated. In connection with this restructuring, we incurred aggregate restructuring charges of $1,370,000 for the year ended December 31, 2013. All actions associated with this restructuring were completed in 2013, and we do not anticipate incurring any further charges in connection with this restructuring.
The components relating to the April 2013 restructuring, including the outstanding restructuring liability which is included in accrued restructuring charges on our condensed balance sheet as of March 31, 2014 and primarily reflects continued healthcare benefit coverage obligations, are summarized in the following table:
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