11. Restructuring

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

11. Restructuring

Note 11. Restructuring

On March 16, 2015, the Company decided to institute an initiative to restructure operations and shut down the Charleston, South Carolina site. This step was done to consolidate operations within the Company's headquarters located in Morristown, New Jersey.

During the three months ended March 31, 2016 and 2015, the Company incurred $0 and $1.3 million, respectively, related to the restructuring. The charge during the three months ended March 31, 2015 was comprised of $649,000 in severance related cash expenses, and $656,000 for the modification and accelerated vesting of options and awards under existing employee agreements. Associated severance payments are anticipated to be paid by May 31, 2016.

A summary of accrued restructuring costs, included as a component of accounts payable and accrued expenses on the unaudited condensed consolidated balance sheets, is as follows (in thousands):

		December 31, 2015		Charges		Cash		Non-cash		March 31, 2016
Restructuring Costs	$	104	$	-	$	(64)	$	-	$	40
		December 31, 2014		Charges		Cash		Non-cash		March 31, 2015
Restructuring Costs	$	-	$	1,305	$	-	$	-	$	1,305