Restructuring Charge

12 Months Ended

Dec. 31, 2013

8. Restructuring Charge

In September 2011, the Company recorded a restructuring charge as a result of the consolidation of office space in New Jersey. The consolidation of office space eliminated redundant office space acquired as part of the HCL-EMS acquisition in January 2011 and the Telwares acquisition in March 2011. The original charge reflected the fair value of the remaining rent payments for the office space the Company ceased using, net of estimated sublease income, plus real estate commissions and office relocation costs. During the year ended December 31, 2013, the Company recorded an adjustment of $0.1 million to the original restructuring charge as a result of the Company's inability to sublease the office space in the time period originally expected. Also, during the year ended December 31, 2013, the Company negotiated a lease termination agreement with the landlord of this New Jersey office space. The agreement terminated the remaining term of the lease effective June 30, 2013 for a termination fee of $0.9 million. The Company recorded an adjustment of $0.5 million to the restructuring charge as a result of the lease termination agreement. The liability related to the restructuring charge is included in other current liabilities on the Company's consolidated balance sheets. The following table summarizes the activity in the liabilities related to the restructuring charge for the years ended December 31, 2012 and 2013.

(in thousands)	Lease costs, net of estimated sublease income			Other Costs			Total

Remaining liability at December 31, 2011	$	1,265		$	69		$	1,334
Cash payments		(652	)		(99	)		(751	)
Non-cash charges and other		—			22			22


Remaining liability at December 31, 2012		613			(8	)		605


Cash payments		(1,111	)		—			(1,111	)
Non-cash charges and other		4			8			12
Restructuring charge		654			—			654


Remaining liability at December 31, 2013	$	160		$	—		$	160


less: current portion								(160	)


Long-term portion							$	—

- 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.

+ References+ Details