13. Restructuring, Restatement Related Costs and Other

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


	Three Months Ended					Six Months Ended
	June 29, 2012		July 1, 2011			June 29, 2012		July 1, 2011
2011 restructuring	$	2,444	$	—		$	4,652	$	—
Germany restructuring		7		(75	)		16		60

Restructuring charges		2,451		(75	)		4,668		60
Restatement related costs and other charges		—		14			—		62

Total restructuring, restatement related costs and other	$	2,451	$	(61	)	$	4,668	$	122

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, sales and distribution facilities and exit of businesses. Four facilities have been eliminated as of June 29, 2012. The Company expects to substantially complete the consolidation and exit of up to eight additional facilities in 2012 and 2013. Six of these facilities will be exited as a consequence of the expected sale of the Semiconductor Systems and Laser Systems businesses. During the three and six months ended June 29, 2012, the Company recorded restructuring costs of $2.4 million and $4.7 million, respectively. Cash charges, including severance and relocation costs, facility closure costs and consulting costs related to restructuring efforts were $1.8 million and $2.8 million for the three and six months ended June 29, 2012, respectively. Non-cash charges related to accelerated depreciation for changes in estimated useful lives of certain long-lived assets for which the Company intends to exit were $0.6 million and $1.9 million for the three and six months ended June 29, 2012, respectively. The Company expects to incur cash charges from continuing operations of $4.5 million to $5.5 million related to the 2011 restructuring plan, of which $3.8 million had been recorded through June 29, 2012. Additionally, the Company expects to incur non-cash restructuring charges from continuing operations, related to accelerated depreciation, of $2.8 million to $3.5 million, of which $2.8 million had been recorded through June 29, 2012.

The following summarizes restructuring costs for each segment and unallocated corporate costs related to the 2011 restructuring plan (in thousands):


	Three Months Ended		Six Months Ended		Cumulative Costs for Plan
	June 29, 2012		June 29, 2012		June 29, 2012

Laser Products	$	1,844	$	3,964	$	5,607
Precision Motion and Technologies		164		200		412
Unallocated corporate costs		436		488		600

Total restructuring costs	$	2,444	$	4,652	$	6,619

A total of $1.4 million of cumulative restructuring charges incurred through June 29, 2012 related to severance, consulting costs and accumulated depreciation were reclassified from restructuring into discontinued operations as such charges relate to businesses classified as discontinued operations.

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 $0.4 million accrual for its remaining lease obligations as of June 29, 2012. The Company recorded charges of less than $0.1 million during both the three and six months ended June 29, 2012 related to the accretion of the restructuring liability. During the three and six months ended July 1, 2011, the Company recorded $(0.1) million and $0.1 million, respectively, of restructuring (benefits) charges related to the accretion of the restructuring liability and revised future lease payment assumptions. As of June 29, 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	$	1,561		$	470		$	1,062		$	—		$	29
Restructuring charges		4,668			1,562			41			1,891			1,174
Cash payments		(2,567	)		(836	)		(625	)		—			(1,106	)
Non-cash write-offs or other adjustments		(1,919	)		4			(31	)		(1,891	)		(1	)

Balance at June 29, 2012	$	1,743		$	1,200		$	447		$	—		$	96