XML 50 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Restructuring and Severance Charges
6 Months Ended
Dec. 31, 2012
Restructuring and Severance Charges  
Restructuring and Severance Charges

10. Restructuring and Severance Charges

 

During December 2012, the Company vacated an office facility and recorded a charge of $1.4 million in general and administrative expenses during the three months ended December 31, 2012 for the remaining lease obligations on the facility, net of estimated sub-lease income. The Company also recorded a charge of $0.3 million in general and administrative expenses during the three months ended December 31, 2012 related to the disposition of certain fixed assets and leasehold improvements at this facility.

 

During the three months ended December 31, 2012, the Company also recorded severance related charges of $2.2 million in general and administrative expenses due to the departure of Dr. Euan S. Thomson (former Chief Executive Officer), Mr. Chris Raanes (former Chief Operating Officer) and certain other employees.