XML 20 R9.htm IDEA: XBRL DOCUMENT

Restructuring and Related Activities	9 Months Ended
Sep. 30, 2013
Restructuring and Related Activities:
Restructuring and Related Activities Disclosure	6. RESTRUCTURING In order to reduce operating costs and improve efficiencies, the Company adopted a restructuring plan in June 2013 to reduce certain redundant positions within the Company, eliminating the lease in Irvine, California in order to find office space more appropriate for its needs, and reduce its product development cost to be more in line proportionately to its competitors. In June 2013, the Company internally announced that in connection with its restructuring plan, it would terminate the lease obligation in Irvine, California by paying a one-time lease termination payment of $125,000 to terminate its lease 32 months prior to its scheduled expiration. In conjunction with the lease termination, the Company accelerated the amortization of leasehold improvements and its deferred rent liability associated with the lease which resulted in a reduction of the deferred rent liability by $5,000 and the recognition of $62,000 related to termination benefits for the elimination of certain redundant positions. The employees were eligible for separation benefits upon their termination. During the third quarter of 2013, the Company announced an additional $44,000 of termination benefits related to the termination of certain positions in Israel in order to keep the product development costs to be more in line with the size and needs of the Company. As a result, the Company recorded a total of $226,000 in one-time restructuring charges as of September 30, 2013. No other costs are expected to be incurred pursuant to the restructuring plan as of September 30, 2013.

Restructuring and Related Activities

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities:

Restructuring and Related Activities Disclosure

6. RESTRUCTURING

In order to reduce operating costs and improve efficiencies, the Company adopted a restructuring plan in June 2013 to reduce certain redundant positions within the Company, eliminating the lease in Irvine, California in order to find office space more appropriate for its needs, and reduce its product development cost to be more in line proportionately to its competitors. In June 2013, the Company internally announced that in connection with its restructuring plan, it would terminate the lease obligation in Irvine, California by paying a one-time lease termination payment of $125,000 to terminate its lease 32 months prior to its scheduled expiration. In conjunction with the lease termination, the Company accelerated the amortization of leasehold improvements and its deferred rent liability associated with the lease which resulted in a reduction of the deferred rent liability by $5,000 and the recognition of $62,000 related to termination benefits for the elimination of certain redundant positions. The employees were eligible for separation benefits upon their termination. During the third quarter of 2013, the Company announced an additional $44,000 of termination benefits related to the termination of certain positions in Israel in order to keep the product development costs to be more in line with the size and needs of the Company. As a result, the Company recorded a total of $226,000 in one-time restructuring charges as of September 30, 2013. No other costs are expected to be incurred pursuant to the restructuring plan as of September 30, 2013.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References+ Details