Restructuring Charges

6 Months Ended

Jun. 30, 2013

Note 9—Restructuring Charges

During the six months ended June 30, 2013, Advent recorded additional restructuring charges of $3.1 million related to severance and benefit costs associated with a re-organization plan, bringing the total recognized cost to approximately $6.7 million to date. Total restructuring charges are expected to be approximately $7.0 million upon completion.

The following table sets forth an analysis of the changes in the restructuring accrual during the six months ended June 30, 2013 (in thousands):

	Severance &
	Benefits

Balance of restructuring accrual at December 31, 2012	$	3,142
Restructuring charges	3,116
Cash payments	(4,682		)

Balance of total restructuring accrual at June 30, 2013	$	1,576

The remaining restructuring accrual of $1.6 million at June 30, 2013 is included in “Accrued liabilities” in the accompanying condensed consolidated balance sheet. Advent expects to pay the remaining accrued severance and benefit obligations by December 31, 2013.

- 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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