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Restructuring
6 Months Ended
Jun. 30, 2014
Restructuring
(9) Restructuring

As part of a program to reduce costs and increase operational efficiencies, in October 2013, the Company announced a plan to streamline operations to better align its cost structure with current market conditions by reducing its global workforce by approximately 50%. In connection with this program, the Company recorded $2.8 million in charges for severance and related benefits during the quarter ended December 31, 2013. The Company does not expect to incur any additional charges related to this program subsequent to 2013 and all remaining payments were made in the second quarter of 2014.

The restructuring charges, which are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheet as of June 30, 2014 and December 31, 2013, are summarized as follows:

 

     Employee Severance
and Benefits
 

Balance as of December 31, 2013

   $ 135   

Restructuring charges

     —    

Cash payments

     (135
  

 

 

 

Balance as of June 30, 2014

   $ —