Restructuring Charges

9 Months Ended

Sep. 30, 2013

Note 9—Restructuring Charges

During the nine months ended September 30, 2013, Advent recorded additional restructuring charges of $3.0 million related to severance and benefit costs associated with a re-organization plan approved in October 2012, bringing the total recognized cost to approximately $6.6 million through September 30, 2013. Total restructuring charges are expected to be approximately $7 million upon completion.

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

	Facility Exit		Severance &
	Costs		Benefits			Total

Balance of restructuring accrual at December 31, 2012	$	4	$	3,138		$	3,142
Restructuring charges	96		2,863			2,959
Cash payments	—		(5,856		)	(5,856		)

Balance of restructuring accrual at September 30, 2013	$	100	$	145		$	245

The remaining restructuring accrual of $0.2 million at September 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.

+ References+ Details