Lease Termination Exit Costs

6 Months Ended

Jun. 30, 2011

Lease Termination Exit Costs [Abstract]

Lease Termination Exit Costs

Note 9. Lease Termination Exit Costs

As a result of the Company’s consolidation of its facilities, on May 26, 2011, the Company ceased the use of facilities it previously occupied at 2100 Powell Street, Emeryville, California and a portion of its facilities at 333 Allerton Avenue, South San Francisco, California. In connection with its exit from these facilities, the Company recorded total exit costs of approximately $10.7 million, which includes $7.2 million related to operating lease obligations, adjusted for the effects of deferred rent liability recognized under purchase accounting; $2.8 million in other facility related costs and $0.7 million in fixed assets write-offs. The estimated costs disclosed are based on a number of assumptions, and actual results could materially differ. The aggregated exit costs amount is presented as a separate line item in the operating expenses of the condensed consolidated income statements titled lease termination exit costs.

As of June 30, 2011, the total outstanding lease termination exit costs liability are summarized in the following table:

				Other
				Facility
	Operating Lease			Related			Asset Write-
	Obligation			Costs			Downs			Total
Balance at March 31, 2011		—			—			—			—
Lease termination exit costs recorded	$	7,214,225		$	2,781,697		$	731,540		$	10,727,462
Reclassification of purchase accounting lease obligation		4,351,433			—			—			4,351,433
Cash Payments		(662,403	)		(205,196	)					(867,599	)
Adjustments for non-cash items		(392,589	)					(731,540	)		(1,124,129	)
Ending accrual balance at June 30, 2011	$	10,510,666		$	2,576,501		$	—		$	13,087,167