Restructuring

On June 21, 2016, in connection with the sale of the Non-Core ACC Products, the Company commenced implementation of a reorganization intended to improve efficiency and better align the Company’s costs and employment structure with its strategic plans. The reorganization includes a workforce reduction. As a result, the Company reduced its personnel by 145 employees. Upon signing appropriate release agreements, impacted employees were eligible to receive severance payments in specified amounts, health benefits, outplacement services, and an extension of the exercise period for all vested options up to one year from their respective termination date. The Company expects to incur charges of $15.2 million related to this reorganization in the aggregate. The Company has and will record these charges in cost of goods sold, research and development and selling, general and administrative expenses based on responsibilities of the impacted employees.

The following table sets forth details regarding the activities described above during the six months ended June 30, 2016:



	Balance as of January 1, 2016		Expenses, Net		Cash			Noncash			Balance as of June 30, 2016
	(in thousands)
Employee severance and other personnel benefits:
2016 workforce reduction	$	—	$	14,633	$	(1,122	)	$	(460	)	$	13,051
Total	$	—	$	14,633	$	(1,122	)	$	(460	)	$	13,051