Restructuring Activities

9 Months Ended

Sep. 30, 2012

Restructuring Activities [Abstract]

Restructuring Activities

6. Restructuring Activities

In connection with the sale of the LC business in September 2010, the former Cambridge office space used by the former LC business employees was vacated and a restructuring liability was recorded representing the present value of the remaining lease term, net of contracted sublease. The liability was classified into discontinued operations on the Company’s condensed consolidated balance sheets.

The following table sets forth the activity in the restructuring plan related to discontinued operations (in thousands):

	Facility Consolidation Costs
Balance at January 1, 2010	$	0
Accrued and expensed		835
Adjustments and revisions		103
Balance at December 31, 2010		938
Charged against accrual		(447	)
Adjustments and revisions		(125	)
Balance at December 31, 2011		366
Charged against accrual		(94	)
Adjustments and revisions		15
Balance at March 31, 2012		287
Charged against accrual		(91	)
Adjustments and revisions		12
Balance at June 30, 2012	$	208
Charged against accrual		(73	)
Adjustments and revisions		6
Balance at September 30, 2012	$	141
Restructuring reserve liability attributed to discontinued operations included in current and long term liabilities of discontinued operations:
Current portion	$	131
Long-term portion		10
	$	141

The Company ceased operations in Cambridge, Massachusetts on March 31, 2011, and subleased its office space to a third party. The restructuring plan included charges associated with the estimated loss on sublease for the Cambridge facility as well as one-time relocation costs for the employees whose employment positions were moved to the Company’s San Diego location. The Company incurred total restructuring expense of $11,000 and $27,000 for the three and nine months ended September 30, 2012 and $20,000 and $2.9 million for the three and nine months ended September 30, 2011 and had restructuring accruals of $0.1 million and $0.4 million as of September 30, 2012 and December 31, 2011, as detailed below. The liability was classified within accrued expense for the current portion and other long term liabilities for the long term portion on the Company’s condensed consolidated balance sheets.

The following table sets forth the activity in the restructuring plan related to continuing operations (in thousands):

	Facility Consolidation Costs			Employee Separation Costs			Asset Impairment Costs			Total
Balance at January 1, 2011	$	0		$	0		$	0		$	0
Accrued and expensed		145			2,244			520			2,909
Charged against accrual		2			(2,021	)		(520	)		(2,539	)
Adjustments and revisions		34			0			0			34
Balance at December 31, 2011		181			223			0			404
Charged against accrual		(46	)		(198	)		0			(244	)
Adjustments and revisions		7			(9	)		0			(2	)
Balance at March 31, 2012		142			16			0			158
Charged against accrual		(47	)		(6	)		0			(53	)
Adjustments and revisions		8			0			0			8
Balance at June 30, 2012	$	103		$	10		$	0		$	113
Charged against accrual		(44	)		(3	)		0			(47	)
Adjustments and revisions		11			0			0			11
Balance at September 30, 2012	$	70		$	7		$	0		$	77
Restructuring reserve liability classification:
Current portion										$	72
Long-term portion											5
										$	77