Restructuring Charges

9 Months Ended

Sep. 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 $3.1 million and $11.3 million were recorded during the three and nine months ended September 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 nine months ended September 30, 2012 is as follows:



	Employee Related			Other			Total
Balance at December 31, 2011	$	7,469		$	100		$	7,569
Restructuring charges	9,732			1,529			11,261
Cash payments and utilization	(6,613		)	(1,617		)	(8,230		)
Impact of foreign currency	231			—			231
Balance at September 30, 2012	$	10,819		$	12		$	10,831

- 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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