XML 27 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring
6 Months Ended
Jun. 30, 2013
Restructuring
11. Restructuring

In February 2013, the Company’s Board of Directors approved a restructuring plan of up to $15.0 million to migrate the delivery of services, primarily in the Product Development segment, and to reduce anticipated overcapacity in selected areas, primarily in the Integrated Healthcare Services segment. These actions are expected to continue throughout 2013 and are expected to result in severance for approximately 400 positions. The Company recognized approximately $3.2 million and $5.2 million of total restructuring costs related to this plan during the three and six months ended June 30, 2013, respectively. All of the restructuring costs are related to severance costs, with approximately $2.8 million and $1.9 million related to activities in the Product Development segment and in the Integrated Healthcare Services segment, respectively. The remaining charge of approximately $407,000 was related to corporate activities. Restructuring costs are not allocated to the Company’s reportable segments as they are not part of the segment performance measures regularly reviewed by management.

As of June 30, 2013, the following amounts were recorded for the restructuring plans (in thousands):

 

            Severance and Related Costs     Exit Costs        
     Balance at
December 31,
2012
     Expense,
Net of
Reversals
    Payments     Foreign
Currency
Translation
    Expense,
Net of
Reversals
    Payments     Foreign
Currency
Translation
    Balance at
June  30,
2013
 

2013 Plan

   $ —         $ 5,166      $ (3,797   $ (24   $ —        $ —        $ —        $ 1,345   

2012 Plan

     11,220         (252     (7,449     (98     —          —          —          3,421   

Prior Year Plans

     1,564         (193     (531     (13     (25     (43     (1     758   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 12,784       $ 4,721      $ (11,777   $ (135   $ (25   $ (43   $ (1   $ 5,524