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Accrued expenses and other current liabilities
12 Months Ended
Dec. 31, 2016
Accrued expenses and other current liabilities  
Accrued expenses and other current liabilities

8      Accrued expenses and other current liabilities

        Accrued expenses and other current liabilities include the following items:

                                                                                                                                                                                    

 

 

December 31,
2016

 

December 31,
2015

 

 

 

in thousands

 

Accruals for services provided by vendors-not yet billed

 

$

4,150 

 

$

3,717 

 

Extera claim

 

 

 

 

1,445 

 

Personnel related accruals

 

 

4,381 

 

 

3,250 

 

Social security and other taxes

 

 

1,178 

 

 

877 

 

Other current liabilities

 

 

57 

 

 

574 

 

​  

​  

​  

​  

Total

 

$

9,766 

 

$

9,863 

 

​  

​  

​  

​  

​  

​  

​  

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        As of December 31, 2015, the Company accrued $1.4 million related to the partial award in its arbitration proceedings with Extera Partners LLC ("Extera"). In December 2016, the Company and Extera Partners agreed to settle the arbitration case for a total amount of $2.9 million (including legal and related settlement costs). The expense is presented as selling, general and administrative expense in the consolidated statements of operations and comprehensive loss.

        In November 2016, the Company announced a plan to restructure its activities as a result of a company-wide strategic review with the aim of refocusing its pipeline, consolidating its manufacturing and enhancing overall execution. Following the announcement of the plan, the Company recognized an accrual for termination benefits contractually agreed with four executives of $1.1 million, of which $0.9 million is included in research and development expense and $0.2 million in selling, general and administrative expense. The termination benefits will be paid in the first two quarters of 2017. In addition, the Company incurred $0.2 million of non-cash share-based payment expenses related to the accelerated vesting of performance share units granted to these executives.

        The Company entered into termination agreements with non-executive employees in January 2017, the related termination benefits of approximately $0.5 million will be recognized over the relevant remaining service period during 2017.