Restructuring Costs

9 Months Ended

Sep. 30, 2011

Restructuring and Related Activities [Abstract]

Restructuring Costs

(12) Restructuring Costs

In July 2011, the Company undertook certain restructuring activities that included a workforce reduction of approximately 25 global positions and the closing of a satellite facility (the “2011 Plan”). These actions were intended to better align the Company’s cost structure with the skills and resources required to more effectively execute the Company’s long-term growth strategy. The total amounts incurred with respect to severance and facilities abandonment under the 2011 Plan were $0.8 million and less than $0.1 million, respectively. Actions under the 2011 Plan were substantially completed by the end of September 30, 2011.

Accrued restructuring costs incurred during the three months ended September 30, 2011 associated with the 2011 Plan are as follows:

	Reconciliation of Aggregate Liability Recorded for
	Restructuring Charges
	June 30,						September 30,
	2011		Provisions		Payments		2011
Severance related charges	$	-	$	784,520	$	673,406	$	111,114
Facility abandonment charges	$	-	$	37,800	$	-	$	37,800
Total Restructuring Charges	$	-	$	822,320	$	673,406	$	148,914

Both the severance related liabilities and facility abandonment liabilities are included within “accrued expenses” in the accompanying condensed consolidated balance sheets. The expenses to the 2011 Plan are included within “restructuring costs” in the accompanying condensed consolidated statements of operations. The accrued payments remaining as of September 30, 2011 are expected to be paid at various times through June 2012.