Restructuring Charges

3 Months Ended

Mar. 31, 2015

RESTRUCTURING CHARGES

On December 18, 2014, the Company took steps to decrease operating expenses through a reduction in workforce and other cost-cutting measures (“2014 Restructuring Plan”). These targeted reductions are designed to enable the Company to achieve sustainable cash flow in the future.

A summary of the costs, which were recorded to Restructuring Charges in the condensed consolidated statements of operations, and remaining costs associated with the 2014 Restructuring Plan are as follows (in thousands):



	Total 2014 Restructuring Plan		Year Ended December 31, 2014		Three Months Ended March 31, 2015		Remaining Costs to be Recognized
Employee termination costs	$	2,032	$	1,962	$	62	$	8
Facility closure costs	20		—		12		8
Asset impairment	1,552		1,552		—		—
Accelerated depreciation	347		—		347		—
Other exit costs	3		—		3		—
Total	$	3,954	$	3,514	$	424	$	16

A summary of restructuring activity associated with the 2014 Restructuring Plan at March 31, 2015, and changes from December 31, 2014, is as follows (in thousands):



	Balance at December 31, 2014		Additions		Payments			Balance at March 31, 2015
Employee termination costs	$	1,348	$	38	$	(986	)	$	400
Facility closure costs	—		12		—			12
Total⁽¹⁾	$	1,348	$	50	$	(986	)	$	412

⁽¹⁾ The remaining accrued costs as of March 31, 2015 are recorded as current liabilities in the condensed consolidated balance sheets under “Accrued liabilities,” as they are expected to be paid out by the end of the second quarter of 2015.

- 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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