Restructuring Charges

6 Months Ended

Jun. 30, 2012

Restructuring and Related Activities [Abstract]

The Company has initiated additional cost reduction measures in 2012. Estimated charges under the current program are primarily comprised of severance costs and are expected to be approximately $20 million to $25 million, of which $7.8 million and $8.1 million were recorded during the three and six months ended June 30, 2012. The program is expected to be substantially completed by the end of 2013.

A rollforward of the Company’s accrual for restructuring activities for the six months ended June 30, 2012 is as follows:



	Employee Related			Other			Total
Balance at December 31, 2011	$	7,469		$	100		$	7,569
Restructuring charges	6,290			1,853			8,143
Cash payments	(2,864		)	(1,301		)	(4,165		)
Impact of foreign currency	(97		)	—			(97		)
Balance at June 30, 2012	$	10,798		$	652		$	11,450

- 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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