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Restructuring Charges
9 Months Ended
Sep. 30, 2017
Restructuring And Related Activities [Abstract]  
Restructuring Charges

11. Restructuring Charges

 

During September 2016, Company initiated a reduction in its workforce 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 its workforce, the Company recorded expenses related to employee severance and termination benefits of approximately $1.1 million. All of the expenses related to the September 2016 reduction in the Company’s workforce has been paid.

 

In March, 2017, the Company initiated a reduction in its workforce to reduce operating costs and to achieve profitability. The reduction in its workforce constituted approximately 18% of the Company’s global workforce. As a result of the reduction in its workforce, 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 September 30, 2017.

 

 

 

As of

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

December 31, 2016

 

 

Charge

 

 

Cash Payments

 

 

September 30, 2017

 

Severance and related expenses

 

$

—

 

 

$

1,351

 

 

$

(1,322

)

 

$

29