Restructuring Charges

12 Months Ended

Dec. 31, 2012

Restructuring and Related Activities Disclosure

RESTRUCTURING CHARGES

During 2012, we initiated additional cost reduction measures in response to global economic conditions. For the year ending December 31, 2012, we have incurred $16.7 million of restructuring expenses which primarily comprise severance costs. Liabilities related to restructuring activities are included in accrued and other liabilities in the consolidated balance sheet.

A rollforward of the Company’s accrual for restructuring activities for the years ended December 31, 2012 and 2011 is as follows:



	Employee Related			Other			Total
Balance at December 31, 2010	$	7,721		$	135		$	7,856
Restructuring charges	5,190			722			5,912
Cash payments / utilization	(5,540		)	(757		)	(6,297		)
Impact of foreign currency	98			—			98
Balance at December 31, 2011	$	7,469		$	100		$	7,569
Restructuring charges	14,652			2,035			16,687
Cash payments / utilization	(10,746		)	(1,845		)	(12,591		)
Impact of foreign currency	280			—			280
Balance at December 31, 2012	$	11,655		$	290		$	11,945

- 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.

+ References+ Details