Restructuring and Other Related Costs

12 Months Ended

Dec. 31, 2013

Restructuring and Related Activities [Abstract]

In December 2013, the Company announced that it will undertake a corporate realignment in the first quarter of 2014 (the “2013 Restructuring Plan”) to improve operational effectiveness and further optimize the Company's cost structure. The 2013 Restructuring Plan includes the elimination of approximately 70 positions and the consolidation of facilities and is expected to be completed during 2014. In the fourth quarter of 2013, the Company recorded a charge of $5.7 million to "Restructuring and other related costs" in the consolidated statement of operations, comprised of $4.6 million of employee severance and related costs, $0.6 million of real estate exit and related costs and $0.5 million of asset write-offs and related costs. Substantially all payments are expected to be made during 2014 with certain payments related to the consolidation of facilities expected through 2019. Additional charges of approximately $1 million to $3 million are expected to be recognized during 2014 related to the consolidation of facilities that include estimates for remaining lease obligations less sub-lease proceeds, facility relocation and related costs.

In December 2011, the Company announced a strategic growth initiative. As part of this initiative, the Company approved a restructuring plan (the "2011 Restructuring Plan”) designed to reduce costs and improve efficiencies. Implementation of the 2011 Restructuring Plan was completed in 2012 with certain payments expected through 2014. In the fourth quarter of 2011, the Company recorded a $8.1 million charge 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.

The following table summarizes the provision, activity and balances related to the restructuring plans by cost type for the indicated periods:



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

Charges	$	5,739		$	831		$	1,530
Cash payments	(367		)	—			—
Non-cash	—			—			(1,530		)
Balance at December 31, 2011	5,372			831			—			6,203
Cash payments	(4,358		)	(701		)	—
Non-cash	(587		)	377			—
Balance at December 31, 2012	427			507			—			934
Cash payments	(427		)	(353		)	—
Charges	4,568			615			533
Non-cash	—			—			(533		)
Balance at December 31, 2013	$	4,568		$	769		$	—		$	5,337

The consolidated balance sheet as of December 31, 2013 include $4.7 million in “Other accrued expenses and other current liabilities” and $0.6 million in "Other non-current liabilities", respectively. The consolidated balance sheet as of December 31, 2012 include $0.9 million in “Other accrued expenses and other current liabilities”.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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