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Restructuring Expenses
6 Months Ended
Jun. 30, 2018
Restructuring Expenses  
Restructuring Expenses

(8) Restructuring Expenses

 

As a result of the METRIC failure and discontinuation of the Glemba program, the Company approved a reduction in its workforce to reduce operating costs and recorded severance expense of $1.2 million in the second quarter of 2018. At June 30, 2018, the Company recorded accrued severance of $0.5 million related to this workforce reduction.

 

In the second quarter of 2018, the Company decided not to occupy the first floor of its Hampton, New Jersey facility. The Company recorded lease restructuring expense of $0.4 million in the second quarter of 2018 related to this lease obligation.