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Restructuring Charges
6 Months Ended
Jun. 30, 2017
Restructuring And Related Activities [Abstract]  
Restructuring Charges

11. Restructuring Charges

 

In March, 2017, the Company initiated a reduction in force to reduce operating costs and to improve profitability. The reduction in force constituted approximately 18% of the Company’s global workforce. As a result of the reduction in force, the Company recorded expenses related to employee severance and termination benefits of approximately $1.4 million, which was recognized during the three months ended March 31, 2017. All such related expenses are recorded within “Restructuring charges” on the Condensed Consolidated Statements of Operations, and related accruals are included in accrued liabilities and accrued compensation and employee benefits on the Condensed Consolidated Balance Sheets. The following table presents accrued liabilities for severance and related expenses and payments (in thousands) as of June 30, 2017.

 

 

 

As of

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

December 31, 2016

 

 

Charge

 

 

Cash Payments

 

 

June 30, 2017

 

Severance and related expenses

 

$

 

 

$

1,351

 

 

$

(1,292

)

 

$

59

 

 

During September 2016, Company initiated a reduction in force to improve its cost structure and align spending with continuing operations plans. The reduction constituted approximately 13% of the company’s global workforce. As a result of reduction in force, the company recorded expenses related to employee severance and termination benefits of approximately $1.1 million. All of the expenses related to September 2016 reduction in force has been paid out.