RESTRUCTURING, MANAGEMENT SEPARATION CHARGES AND SUBSEQUENT EVENT [ABSTRACT]

3 Months Ended

Mar. 31, 2012

RESTRUCTURING, MANAGEMENT SEPARATION CHARGES AND SUBSEQUENT EVENT [ABSTRACT]

RESTRUCTURING, MANAGEMENT SEPARATION CHARGES AND SUBSEQUENT EVENT [TEXT BLOCK]

2. RESTRUCTURING, MANAGEMENT SEPARATION CHARGES AND SUBSEQUENT EVENT

RESTRUCTURING

 In late February 2012, the Company implemented a workforce reduction at a sales support office, which eliminated five positions and resulted in a restructuring charge of $494 for severance, related benefits and other costs.  The unpaid balance at March 31, 2012 was $377 and was recorded within Accrued restructuring costs.

MANAGEMENT SEPARATION CHARGES

 During the three months ended April 2, 2011, the Company recorded certain management separation charges of $838 and $2,111 within research and development and selling and administrative expenses, respectively, and is inclusive of accelerated stock-based compensation of $684. The management separation charges arose from the resignations of our former Chief Executive Officer (CEO) and another Executive Officer, and included contractual separation pay, accelerated vesting of certain equity awards, and certain other costs.

SUBSEQUENT EVENT

In April 2012, the Company implemented a workforce reduction that eliminated approximately 25 positions, primarily in manufacturing and selling and administrative, and anticipates recording approximately $1.2 million of restructuring charges during the second quarter of 2012 covering severance, related benefits and other costs.