13. Restructuring

In May 2012, the Company undertook 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 2013 (in thousands):



	December 31, 2012		Costs Incurred		Cash Payments		December 31, 2013
Termination benefits	$	149	$	—	$	100	$	49

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



	December 31, 2011		Costs Incurred		Cash Payments		December 31, 2012
Termination benefits	$	—	$	1,176	$	1,027	$	149

On February 12, 2013, the Company undertook further restructuring actions affecting approximately 43 employees to be terminated between February 2013 and December 31, 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 year ended December 31, 2013.

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



	December 31, 2012	Costs Incurred	Cash Payments	December 31, 2013
Termination benefits	—	2,522	2,522	—

Accrued restructuring charges as of December 31, 2013 comprise the remaining liability balance from the May 2012 restructurings and are reflected in accrued liabilities on the Company’s Consolidated Balance Sheet as of December 31, 2013. The Company expects to pay these accrued termination benefits through 2014.