Restructuring Charges

9 Months Ended

Sep. 30, 2011

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

During the fourth quarter of 2010, the Company initiated a restructuring plan that includes headcount reductions, consolidation of responsibilities and vacating leased facilities (“Restructuring Actions”), which has continued into 2011. Employees impacted by the Restructuring Actions were notified of their termination during the fourth quarter of 2010 and throughout 2011. In addition, the Company vacated certain of its leased facilities during 2011. As a result of the Restructuring Actions, we have recognized a restructuring charge to earnings of $4.5 million and $19.2 million and made cash payments of $9.9 million and $25.9 million during the three and nine months ended September 30, 2011, respectively, related to severance, vacating leased facilities and related restructuring activities. The following tables show the activity in our restructuring reserve associated with the Restructuring Actions during the three and nine months ended September 30, 2011.

Three Months Ended September 30, 2011
Balance at June 30, 2011	$	13,553
Additions to reserve charged to earnings	4,465
Payments	(9,900		)
Balance at September 30, 2011	$	8,118

Nine Months Ended September 30, 2011
Balance at January 1, 2011	$	17,858
Additions to reserve charged to earnings	19,190
Non-cash reduction in restructuring reserve	(3,005		)
Payments	(25,925		)
Balance at September 30, 2011	$	8,118

During the latter part of 2010, the Company announced that it expected to incur a restructuring charge of between $30 to $50 million associated with the Restructuring Actions. The Company anticipates that restructuring charges associated with the Restructuring Actions will remain within this range, the balance of which will be recognized during the remainder of 2011. Restructuring charges that are charged to earnings are included in production and distribution expenses, selling and support expenses or general and administrative expenses on the consolidated statements of operations, as applicable.