v2.4.0.6
Restatement of Previously Issued Financial Statements
 9 Months Ended
Sep. 30, 2012
Accounting Changes and Error Corrections [Abstract]  
Restatement of Previously Issued Financial Statements
Restatement of Previously Issued Financial Statements

The Company has restated its condensed consolidated balance sheet as of December 31, 2011 to reflect the correction of an error in the 2010 provision for income taxes. The restatement relates to the tax benefit resulting from a reduction of the liability for uncertain tax positions upon the lapse of the statute of limitations for the 2007 tax year of its French subsidiary. The Company did not release the liability at December 31, 2010 due to an error in the determination of when the statute of limitations would expire.

The following table presents the impact of the restatement adjustment on the Company’s condensed consolidated balance sheet as of December 31, 2011:
 
Balance as of December 31, 2011
 
As Previously Reported
 
Effect of Restatement
 
As Restated
 
(in thousands)
Income taxes payable, noncurrent
$
1,101

 
$
(440
)
 
$
661

Accumulated deficit - beginning of year
(78,766
)
 
440

 
(78,326
)
Accumulated deficit - end of year
(76,812
)
 
440

 
(76,372
)


This restatement did not have a net impact on the cash provided by (used in) the Company’s operating, investing or financing activities for the nine months ended September 30, 2011.

The accompanying notes to condensed consolidated financial statements have been updated, as necessary, to reflect the impact of the restatement adjustment.