Restructuring Expenses

3 Months Ended

Mar. 31, 2014

(6)	Restructuring Expenses

During 2013, the Company implemented workforce restructurings to better focus its organizational structure, increase efficiency and concentrate financial resources on its clinical development program and European commercialization activity. This resulted in a total reduction in the Company’s workforce by 50 employees. As a result of termination benefits provided to these employees the Company incurred a total restructuring charge of approximately $4.0 million related to severance expenses. At March 31, 2014, the remaining restructuring reserve of $1.4 million is included in Accrued expenses and Other non-current liabilities on the Condensed Consolidated Balance Sheets for $1.2 million and $0.2 million, respectively.

The following table provides the total severance expense incurred and payments made by the Company through March 31, 2014 as a result of the workforce restructurings implemented in 2013:

(in thousands)	March 31, 2014
Restructuring reserve balance, gross	$	3,974
Restructuring expenses paid		(2,606	)
Restructuring reserve balance, net	$	1,368

- 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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