Restructuring and Other Expense

9 Months Ended

Sep. 30, 2014

Restructuring and Related Activities [Abstract]

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)	2014		2013			2014		2013
Restructuring
Severance and related	$	0.8	$	(0.2	)	$	3.6	$	1.0
Lease termination costs	0.2		0.1			0.3		0.7
Other	0.3		0.6			1.2		1.9
Total restructuring	$	1.3	$	0.5		$	5.1	$	3.6
Other
Contingent consideration fair value adjustment	—		—			—		(0.4		)
Acquisition and integration related costs	—		0.6			—		1.8
Pension settlement/curtailment (Note 9)	0.2		0.2			0.1		1.7
Settlement of UK pension plan	0.5		10.6			0.5		10.6
Other¹	2.2		(0.2		)	5.8		0.9
Total	$	4.2	$	11.7		$	11.5	$	18.2

¹Other includes consulting fees and certain employee costs.

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 the XtremeMac and Memorex consumer electronics businesses, was recorded in discontinued operations. See Note 4 - Acquisitions and Divestitures for more information on 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 our Global Process Improvement Restructuring Program (GPI Program) in order to realign our business structure and reduce operating expenses in excess of 25 percent over time, excluding the impact of any acquisitions. The GPI Program addressed product line rationalization and infrastructure and included a planned reduction of our global workforce. The majority of these actions were implemented in 2013. Charges related to the GPI Program are primarily recorded as corporate costs and not directly associated with either of our reporting segments.

Since the inception of the 2012 Global Process Improvement Restructuring Program, we have recorded a total of $21.2 million of severance and related expenses, $1.1 million of lease termination and modification costs, $4.5 million of other charges and $9.6 million of inventory write-offs.

Activity related to the 2012 GPI Program accruals was as follows:



(In millions)	Severance and Related		Lease Termination Costs		Other		Total
Accrued balance at December 31, 2013	2.2		0.4		0.8		3.4
Charges	0.4		0.1		0.1		0.6
Usage and payments	(0.9	)	(0.1	)	(0.8	)	(1.8	)
Currency impacts	—		(0.1	)	—		(0.1	)
Accrued balance at March 31, 2014	1.7		0.3		0.1		2.1
Charges	2.2		—		0.4		2.6
Usage and payments	(0.9	)	—		(0.2	)	(1.1	)
Currency impacts	—		—		0.1		0.1
Accrued balance at June 30, 2014	3.0		0.3		0.4		3.7
Charges	0.8		—		0.1		0.9
Usage and payments	(2.9	)	(0.1	)	(0.4	)	(3.4	)
Currency impacts	—		(0.1	)	—		(0.1	)
Accrued balance at September 30, 2014	0.9		0.1		0.1		1.1

Severance and related charges of $0.2 million that were recorded in the nine months ended September 30, 2014 were recorded to other accruals and not to the 2012 GPI Program accrual. Lease termination costs of $0.2 million that were recorded in the three and nine months ended September 30, 2014, respectively, were recorded to other accruals and not to the 2012 GPI Program accrual. Other charges of $0.2 million and $0.6 million that were recorded in the three and nine months ended September 30, 2014, respectively, were recorded to other accruals and not to the 2012 GPI Program accrual. These charges are not included in the table above.

- 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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