Restructuring and Other

9 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

The Company announced at the beginning of the third quarter of 2014 a restructuring effort to better align our cost structure with current revenue levels. The restructuring plans are accounted for in accordance with ASC 420, Exit or Disposal Cost Obligations. The Company recognized restructuring and other charges of $1.9 million during the quarter. Restructuring costs include severance related expenses which includes severance payments, related employee benefits and retention bonuses. Other costs include severance related expenses and $0.4 million of charges related to cancellation of contracts with outside vendors. The Company expects to have restructuring and other expenses through 2015, as restructuring activities targeted at reducing the overall cost structure of the business will continue over several quarters.

Restructuring and other reserve activities for the period ended September 30, 2014 is summarized as follows (in thousands):



	Restructuring		Other		Total
Restructuring and other liability at January 1, 2014	$	—	$	—	$	—
Restructuring and other charge	835		1,102		1,937
Cash paid	329		894		1,223
Restructuring and other liability at September 30, 2014	$	506	$	208	$	714

- 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.

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