XML 123 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
RESTRUCTURING
6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]  
RESTRUCTURING
RESTRUCTURING

In the fourth quarter of 2012, the Company initiated a cost reduction action that included workforce. During the first quarter of 2013, approximately 100 employees were notified of their involuntary termination. The Company estimates that the total restructuring charge associated with the plan will be approximately $6.3 million, substantially all of which is compensation and benefits afforded to terminated employees. During the year ended December 31, 2012, $1.8 million of restructuring expense related to employees who were notified prior to the end of the year was recognized. During the six months ended June 30, 2013, the Company recognized $4.5 million in restructuring expense and made substantially all of the cash payments, except for $0.3 million which was recorded at June 30, 2013 in Accounts payable and accrued liabilities on the accompanying Condensed Consolidated Balance Sheets. No additional costs are expected to be incurred, and the Company anticipates the remaining cash payments will be made during the third quarter of 2013.