Acquisition And Transition Costs And Special Charges

9 Months Ended

Sep. 30, 2011

Acquisition And Transition Costs And Special Charges

Acquisition And Transition Costs And Special Charges

Note 5 – Acquisition and Transition Costs and Special Charges

Acquisition and Transition Costs – The Company has recognized as an expense $1,178 and $2,312 for the three and nine months ended September 30, 2011, respectively, and $385 and $3,121 for the three and nine months ended September 30, 2010, respectively, as Acquisition and Transition Costs incurred in connection with acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services. Acquisition and Transition Costs included expenses of $1,043 and $1,893 for the three and nine months ended September 30, 2011, respectively, related to the Company's acquisition of Lexicon.

Special Charges – The Company has recognized costs of $3,601 for the three and nine months ended September 30, 2011, as Special Charges incurred in connection with the exiting of a lease commitment for office space of $731 and an introducing fee in connection with the Lexicon acquisition of $1,895, as well as a charge associated with the write-off of intangible assets associated with the Company's planned exit of EAM of $975. See Note 4 for further information on the Company's acquisition of Lexicon and planned exit of EAM.