Restructuring Costs Restructuring Costs

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring Costs

As part of an overall cost reduction effort, in August 2013, we communicated to employees a plan to reduce our workforce. The restructuring resulted in the release of 57 employees, a reduction in our estimate of future cash flows to be generated by our AMD LDTs which resulted in an impairment of our licensed technology asset, and the subsequent decision to exit our lease of a facility in San Diego, which expires in July 2015, which we are seeking to sublease.

In connection with the restructuring, we recorded $2.4 million in facility exit costs, $1.7 million of impairment expense for tenant improvements associated with the vacated facility, $0.7 million of impairment expense for intangible assets and prepaid royalties related to our AMD LDT licensed technology, and $1.2 million in employee termination costs during the three and nine months ended September 30, 2013.

The following table summarizes our restructuring activity during the three and nine months ended September 30, 2013 and related liabilities as of September 30, 2013 (in thousands):



	Lease Exit Costs
	Facility Exit Costs			Impairment of Tenant Improvements			Impairment of Other Assets			Employee Termination Costs			Total
Restructuring costs	$	2,414		$	1,733		$	650		$	1,221		$	6,018
Cash payments	(112		)	—			—			(629		)	(741		)
Noncash asset impairments	—			(1,733		)	(650		)	—			(2,383		)
Accretion	9			—			—			—			9
Balance as of September 30, 2013	$	2,311		$	—		$	—		$	592		$	2,903

Of the remaining liabilities at September 30, 2013, $2.4 million is payable within the next twelve months and $0.5 million is due after twelve months and through the remainder of the lease for the facility we vacated, which expires in July 2015.

Restructuring costs incurred by segment during the three and nine months ended September 30, 2013 are as follows (in thousands):



	Lease Exit Costs
	Facility Exit Costs		Impairment of Tenant Improvements		Impairment of Other Assets		Employee Termination Costs		Total
Sequenom Laboratories	$	—	$	—	$	650	$	601	$	1,251
Sequenom Bioscience	—		—		—		303		303
Unallocated	2,414		1,733		—		317		4,464
	$	2,414	$	1,733	$	650	$	1,221	$	6,018

- 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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