RESTRUCTURING CHARGES

9 Months Ended

Sep. 30, 2011

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

NOTE 10: RESTRUCTURING CHARGES

On March 18, 2010, the Company announced a restructuring plan to better align its manufacturing footprint with demand while further focusing the particular manufacturing activities of each of its North American production facilities. The Company elected to undergo this restructuring in order to better utilize its manufacturing capacity, eliminate duplication of capabilities and reduce associated costs. The Company based its accounting and disclosures on the applicable accounting guidance. As a result, charges to operations were made in the periods in which restructuring plan liabilities were incurred.

During the three months ended September 30, 2011, there were no restructuring charges incurred.  During the nine months ended September 30, 2011, the Company incurred approximately $0.8 million of restructuring charges which included $0.2 million of employee termination costs and $0.6 million of costs associated with facility realignment.  These charges were offset by a $0.1 million adjustment to the accrual.  During the third quarter of 2010, the Company incurred $0.1 million of restructuring charges.  During the nine months ended September 30, 2010, the Company incurred $5.9 million of restructuring charges.  These restructuring charges included $3.5 million of employee termination costs as well as approximately $2.3 million of costs associated with the write-off of fixed assets and $0.1 million of costs associated with the relocation of assets.  To date the Company has recorded restructuring charges totaling $8.3 million related to the plan. The Company estimates that the remaining charges related to the plan will not be significant.

Below is the summary of the changes in the restructuring liability during the nine months ended September 30, 2011 (in thousands):

Reserve balance as of December 31, 2010	$	1,629
Additions	793
Payments	(2,011		)
Adjustments	(97		)
Reserve balance as of September 30, 2011	$	314