Restructuring Costs

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Restructuring Costs

(13) Restructuring Costs

During 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 during the third quarter of 2011.

Accrued restructuring costs incurred during the year ended December 31, 2011 associated with the 2011 Plan are as follows:

	Reconciliation of Aggregate Liability Recorded for
	Restructuring Costs
	December 31,			December 31,
	2010	Provisions	Payments	2011
Severance related costs	$                      -	$           784,520	$           689,676	$             94,844
Facility abandonment costs	$                      -	$             37,800	$             12,600	$             25,200
Total Restructuring Costs	$                      -	$           822,320	$           702,276	$           120,044

Both the severance related liabilities and facility abandonment liabilities are included within “accrued expenses” in the accompanying consolidated balance sheets. The expenses to the 2011 Plan are included within “restructuring costs” in the accompanying consolidated statements of operations. The accrued payments remaining as of December 31, 2011 are expected to be paid at various times through June 2012.