Restructuring Charges

3 Months Ended

Mar. 31, 2012

Restructuring Charges.

Restructuring Charges

Note 5. Restructuring Charges

In the three months ended March 31, 2012, the Company implemented a reduction in force related to planned actions taken by management to control costs and improve the focus of its operations in order to sustain future profitability and conserve cash. This reduction in force resulted in a total charge to restructuring expense of $2.9 million related to severance and related costs for the three months ended March 31, 2012.  Total expense related to this action is expected to be approximately $3.3 million, the remainder of which will be incurred in the second quarter of 2012. The accrual at March 31, 2012 of $1.0 million is expected to be paid in the periods extending through the remainder of 2012.

Changes in the Company’s restructuring liability, which consists primarily of severance and related costs, included in amounts reported as other current liabilities, were as follows:

	(in thousands)
Balance at December 31, 2011	$	171
Severance and related costs	2,881
Cash payments	(1,724		)
Noncash payments (accelerated vesting of certain stock options)	(279		)
Balance at March 31, 2012	$	1,049