RESTRUCTURING EXPENSE

9 Months Ended

Sep. 30, 2011

RESTRUCTURING EXPENSE

RESTRUCTURING EXPENSE

3. RESTRUCTURING EXPENSE

During the fourth quarter of 2006, we began a facilities consolidation and restructuring program designed to reduce the overall expense structure in an effort to improve future operating performance. The facilities consolidation and restructuring program was substantially completed by the end of the second quarter of 2007.

Restructuring liabilities along with charges (credits) to expense and payments associated with the facilities consolidation and restructuring program are as follows as of September 30, 2011 (in thousands):

	Balance 12/31/2010		Accretion Expense		Net Cash Payments			Balance 9/30/2011
Lease and contract termination	$	1,797	$	128	$	(353	)	$	1,572

There were no restructuring charges or reversals during the three and nine months ended September 30, 2011. During the three and nine months ended September 30, 2010, there were no restructuring charges. During the nine months ended September 30, 2010 we reversed $136,000 of lease termination costs liability due to changes in our estimate of sublease income, primarily as a result of entering into a sublease agreement for previously vacant space.