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Restructuring and Other Expense
 9 Months Ended
Sep. 30, 2013
Restructuring and Related Activities [Abstract]  
Restructuring and Other Expense
Restructuring and Other Expense
The components of our restructuring and other expense included in the Condensed Consolidated Statements of Operations were as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2013
 
2012
 
2013
 
2012
Restructuring
 
 
 
 
 
 
 
 
Severance and related
 
$
(0.2
)
 
$
—

 
$
1.0

 
$
2.8

Lease termination costs
 
0.1

 
—

 
0.7

 
0.5

Gain on sale of fixed assets held for sale
 
—

 
—

 
—

 
(0.7
)
Other
 
0.6

 
0.1

 
1.9

 
1.2

Total restructuring
 
$
0.5

 
$
0.1

 
$
3.6

 
$
3.8

Other
 
 
 
 
 
 
 
 
Contingent consideration fair value adjustment
 
—

 
(5.5
)
 
(0.4
)
 
(8.3
)
Intangible asset abandonment
 
—

 
—

 
—

 
1.3

Acquisition and integration related costs
 
0.6

 
0.1

 
1.8

 
1.3

Pension settlement
 
0.2

 
0.5

 
1.7

 
2.0

Settlement of UK pension plan
 
10.6

 
—

 
10.6

 
—

Other
 
(0.2
)
 
1.2

 
0.9

 
1.9

Total
 
$
11.7

 
$
(3.6
)
 
$
18.2

 
$
2.0


During the three and nine months ended September 30, 2013, severance expense of $0.3 million and $1.7 million, respectively, related to employees directly associated with XtremeMac and Memorex consumer electronics businesses was recorded in discontinued operations. See Note 4 - Acquisitions and Divestitures for additional information related to our discontinued operations. This expense is excluded from the table above.
2012 Global Process Improvement Restructuring Program
On October 22, 2012, the Board of Directors approved the Global Process Improvement Restructuring Program (GPI Program) related to the realignment of our business structure and the reduction of our operating expenses in excess of 25 percent over time. This program addresses product line rationalization and infrastructure, and is anticipated to include a reduction of approximately 20 percent of our global workforce. Since the inception of this program, we have recorded a total of $14.9 million of severance and related expenses, $5.1 million of inventory write-offs, $2.8 million of other charges and $0.8 million of lease termination costs. Inventory write-offs are included in cost of goods sold in our Consolidated Statements of Operations. Restructuring charges under this plan will continue to be incurred throughout the remainder of 2013.
Changes in the 2012 GPI Program accruals were as follows:
(In millions)
 
Severance and Related
 
Lease Termination Costs
 
Other
 
Total
Accrued balance at December 31, 2012
 
$
15.4

 
$
0.5

 
$
1.0

 
$
16.9

Charges
 
1.7

 
0.1

 
0.8

 
2.6

Usage and payments
 
(5.0
)
 
(0.1
)
 
(0.2
)
 
(5.3
)
Currency impacts
 
(0.2
)
 
—

 
(0.1
)
 
(0.3
)
Accrued balance at March 31, 2013
 
$
11.9

 
$
0.5

 
$
1.5

 
$
13.9

Charges
 
0.9

 
0.5

 
0.5

 
1.9

Usage and payments
 
(6.5
)
 
(0.2
)
 
(0.4
)
 
(7.1
)
Currency impacts
 
0.1

 
(0.1
)
 
—

 
—

Accrued balance at June 30, 2013
 
$
6.4

 
$
0.7

 
$
1.6

 
$
8.7

Charges
 
0.1

 
0.1

 
0.7

 
0.9

Usage and payments
 
(3.9
)
 
(0.2
)
 
(0.4
)
 
(4.5
)
Currency impacts
 
0.1

 
—

 
(0.1
)
 
—

Accrued balance at September 30, 2013
 
$
2.7

 
$
0.6

 
$
1.8

 
$
5.1


We have land in Camarillo, California, related to a manufacturing facility that was previously closed and demolished as part of a prior restructuring program. This land continues to meet the criteria for held for sale accounting and, therefore, remains classified in other current assets on the Consolidated Balance Sheet as of September 30, 2013 at a book value of $0.2 million. On October 7, 2011 we entered into an agreement to sell the land for $10.5 million, contingent upon the change of certain zoning requirements for the land as well as other standard conditions. If these conditions are met, the sale is expected to close in the fourth quarter of 2013.