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Strategic Restructuring
12 Months Ended
Dec. 31, 2016
Restructuring And Related Activities [Abstract]  
Strategic Restructuring

(11) Strategic Restructuring

On January 6, 2015, the Board of the Company approved a strategic restructuring of the Company that eliminated the Company’s internal research function and aligned the Company’s resources with the Company’s future strategic plans. As part of this restructuring, the Company eliminated approximately two-thirds of the Company’s workforce, or 40 positions across the organization. The Company substantially completed the restructuring during the quarter-ended March 31, 2015.

The following table summarizes the components of the Company’s restructuring activity recorded in operating expenses and in accrued expenses in the accompanying consolidated balance sheet:

 

 

 

Restructuring

amounts accrued

at

December 31,

2015

 

 

Restructuring

expense

incurred

during the year ended

December 31,

2016

 

 

Restructuring

amounts

paid

during the year ended

December 31,

2016

 

 

Restructuring

amounts

accrued at

December 31,

2016

 

 

 

 

 

Employee severance, benefits and related costs.

 

$

357

 

 

 

 

 

$

(357

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restructuring

amounts accrued

at

December 31,

2014

 

 

Restructuring

expense

incurred

during the year ended

December 31,

2015

 

 

Restructuring

amounts

paid

during the year ended

December 31,

2015

 

 

Restructuring

amounts

accrued at

December 31,

2015

 

 

 

 

 

Employee severance, benefits and related costs.

 

$

 

 

 

3,560

 

 

$

(3,203

)

 

$

357