Restructuring and Other Related Costs

In December 2011, the Company announced a strategic growth initiative. As part of this initiative, the Company approved a restructuring plan (“the Restructuring Plan”) designed to reduce costs and improve efficiencies. Implementation of the Restructuring Plan was completed in 2012 with certain cash payments expected through 2014.

In the fourth quarter of 2011, the Company recorded an aggregate pre-tax charge of $8.1 million to “Restructuring and other related costs” in the consolidated statement of operations, comprised of $5.7 million of employee severance and related costs, $0.8 million of real estate exit and related costs and $1.5 million of asset write-offs. During the year ended December 31, 2012, the Company adjusted its total restructuring liability due to lower than expected severance costs offset partially by an increase in expected real estate exit costs due to a change in sublease assumptions.

The following table summarizes the Restructuring Plan provision, activity and ending balances in “Other accrued expenses and other current liabilities” in the consolidated balance sheets by cost type for the indicated periods:



	Employee severance and related costs			Real estate exit and related costs			Asset write-offs			Accrued restructuring liability

Restructuring and other related costs	$	5,739		$	831		$	1,530		$	8,100
Cash payments	(367		)	—			—
Non-cash	—			—			(1,530		)
December 31, 2011	5,372			831			—			6,203
Cash payments	(4,358		)	(701		)	—
Non-cash	(587		)	377			—
December 31, 2012	$	427		$	507		$	—		$	934