13. Restructuring

In May 2012, the Company undertook further cost cutting measures by initiating a headcount reduction of 42 full-time employees worldwide, to be terminated between May 2012 and December 2013. In connection with this restructuring plan, in 2012, the Company recorded restructuring charges of approximately $1.2 million related to termination benefits for these personnel.

The following table sets forth a summary of restructuring activities related to the Company’s May 2012 restructuring program (in thousands):



	January 1, 2013		Costs Incurred		Cash Payments		March 31, 2013
Termination benefits	$	149	$	—	$	—	$	149

On February 12, 2013, the Company undertook restructuring actions affecting approximately 43 employees to be terminated between February 2013 and September 30, 2013, as part of an overall plan to reshape the Company for the future. In connection with this restructuring, the Company recorded restructuring charges of approximately $2.5 million related to termination benefits for these personnel during the quarter ended March 31, 2013. These charges do not include facilities, lease termination or other charges the Company may incur as part of this action, which is currently being contemplated.

The following table sets forth a summary of restructuring activities related to the Company's February 2013 restructuring program (in thousands):



	January 1, 2013		Costs Incurred		Cash Payments		March 31, 2013
Termination benefits	$	—	$	2,522	$	893	$	1,629

Accrued restructuring charges as of March 31, 2013 comprise the remaining liability balance from the February 2013 and May 2012 restructurings and are reflected in accrued liabilities on the Company’s Condensed Consolidated Balance Sheet as of March 31, 2013. The Company expects to pay these accrued termination benefits through 2013.