Restructuring Charges

12 Months Ended

Dec. 31, 2013

(8)	Restructuring Expenses

During the year ended December 31, 2013, the Company implemented restructurings of its workforce to better focus the Company’s organizational structure, increase efficiency and concentrate financial resources on its clinical development program and European commercialization activity. This resulted in a reduction in the Company’s workforce by 50 employees. As a result of termination benefits given to the impacted employees, the Company incurred a total cost of approximately $4.0 million which is included on the Consolidated Statements of Operations in both Selling, general and administrative expenses and Research and development expenses, as appropriate. Accrued severance expense at December 31, 2013 of $1.6 million is included in current accrued expenses and $0.4 million is included in long-term accrued expenses on the Consolidated Balance Sheets, for a total accrued severance expense of $2.0 million at December 31, 2013.

(in thousands)	December 31, 2013
Severance and restructuring expenses	$	3,974
Restructuring expenses paid by December 31, 2013		(1,955	)
Total restructuring expenses accrued as of December 31, 2013	$	2,019

In November 2013, the Board of Directors approved an employee retention program for certain of its key employees, including the Company’s executive officers. The executive officers of the Company will be eligible to receive a cash retention bonus payment equal to fifty percent (50%) of their current annual salary if the executive officer remains employed by the Company through March 31, 2015. The expense related to this program is being accrued on a quarterly basis as the services are rendered and is included in current accrued expenses on the Consolidated Balance Sheets and Operations in both Selling, general and administrative expenses and Research and development expenses on the Consolidated Statements of Operations.

- 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.

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