12. Restructuring, Restatement Related Costs and Other

The following table summarizes restructuring, restatement related costs and other expense in the accompanying consolidated statements of operations (in thousands):


	Three Months Ended
	March 30, 2012		April 1, 2011
2011 restructuring	$	2,658	$	—
Germany restructuring		9		135

Restructuring charges		2,667		135
Restatement related costs and other charges		—		48

Total restructuring, restatement related costs and other charges	$	2,667	$	183

2011 Restructuring

In November 2011, the Company announced a strategic initiative (“2011 restructuring”) which aims to consolidate operations to reduce our cost structure and improve operational efficiency. As part of this initiative, the Company expects to eliminate up to 12 facilities through consolidation of certain manufacturing and sales and distribution facilities and divestiture of businesses. Three facilities have been eliminated as of March 30, 2012. The Company expects to substantially complete the consolidation and divesture of up to nine additional facilities in 2012 and 2013. During the three months ended March 30, 2012, the Company recorded restructuring costs of $2.7 million, of which $1.4 million related to severance, facilities and other cash related charges and $1.3 million related to non-cash accelerated depreciation for changes in estimated useful lives of certain long-lived assets for which the Company intends to exit. The Company estimated the net realizable value of these assets based on comparable market values of similar properties, using Level 2 inputs from the fair value hierarchy discussed in Note 5. Costs incurred during the three months ended March 30, 2012 totaled $2.5 million, $0.1 million and $0.1 million for the Laser Products, Semiconductor Systems, and Precision Motion and Technologies segments, respectively. Cumulative costs incurred for the 2011 restructuring through March 30, 2012 totaled $4.3 million, $0.3 million and $0.2 million for the Laser Products, Semiconductor Systems, and Precision Motion and Technologies segments, respectively.

The Company expects to incur cash charges of $4.0 million to $5.0 million related to the 2011 restructuring plan, of which $2.5 million has been recorded through March 30, 2012. Additionally, the Company expects to incur non-cash restructuring charges, related to accelerated depreciation of $3.0 million to $4.0 million, $2.3 million of which was recorded through March 30, 2012.

Germany Restructuring

As a result of restructuring programs undertaken in prior years for the Company’s Munich, Germany facility within the Precision Motion and Technologies segment, the Company has a $0.6 million accrual for its remaining lease obligations as of March 30, 2012. The Company recorded charges of less than $0.1 million and $0.1 million during the three months ended March 30, 2012 and April 1, 2011, respectively, related to interest accretion and revised estimates of future sublease payments. As of March 30, 2012, the cumulative expense related to this restructuring plan is $4.7 million.

Rollforward of Accrued Expenses Related to Restructuring

The following table summarizes the accrual activities, by component, related to the Company’s restructuring charges recorded in the accompanying consolidated balance sheets (in thousands):


	Total			Severance			Facility			Accelerated Depreciation			Other
Balance at December 31, 2011	$	1,588		$	497		$	1,062		$	—		$	29
Restructuring charges		2,667			746			65			1,301			555
Cash payments		(1,020	)		(338	)		(337	)		—			(345	)
Non-cash write-offs or other adjustments		(1,290	)		2			8			(1,301	)		1

Balance at March 30, 2012	$	1,945		$	907		$	798		$	—		$	240