Restructuring Charges

6 Months Ended

Jun. 30, 2013

7. Restructuring Charges

At June 30, 2013 and December 31, 2012, we included short-term restructuring reserves of $947,000 and $1.8 million, respectively, in “Accrued liabilities and other” in the Condensed Consolidated Balance Sheets. Long-term restructuring reserves were $200,000 and $327,000 at June 30, 2013 and December 31, 2012, respectively, and were included in “Other long-term liabilities.” The decrease in restructuring reserves relates primarily to lease payments for previously closed vision centers and severance payments during the three and six months ended June 30, 2013. The fair value measurements in all periods utilized market prices of similar assets in determining fair value, which is a Level 3 input under U.S. GAAP.

The following table summarizes the restructuring reserves for the three and six months ended June 30, 2013 (dollars in thousands):


	Employee Separation Costs			Contract Termination Costs			Total
Balance at December 31, 2012	$	604		$	1,525		$	2,129
Liabilities recognized		—			219			219
Payments		(222	)		(451	)		(673	)

Balance at March 31, 2013	$	382		$	1,293		$	1,675

Payments		(118	)		(410	)		(528	)

Balance at June 30, 2013	$	264		$	883		$	1,147

- 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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