REDUCTION IN FORCE

6 Months Ended

Jun. 30, 2013

Reduction In Force Disclosure [Abstract]

REDUCTION IN FORCE

8. REDUCTION IN FORCE

In 2012, the Company implemented restructuring plans resulting in force reductions to streamline the Company’s infrastructure and lower overall operating expenses. In addition, in January, June, and September 2012, the Company and certain officers of the Company mutually agreed to terminate their employment relationships. As a result of these reductions in force, the Company recognized expenses of approximately $0.6 million during the six months ended June 30, 2012. No such charges were incurred during the six months ended June 30, 2013. At June 30, 2013, approximately $0.8 million was accrued for these liabilities which were recognized in 2012, of which approximately $0.1 million was long-term in nature to be paid in installments through the first quarter of 2016 and was recorded as “Other Long-Term Liabilities” on the Company’s accompanying condensed balance sheets.