Restructuring Charges

6 Months Ended

Jun. 30, 2012

9.	Restructuring Charges

The Company recorded a restructuring charge of $4.8 million ($3.7 million net of tax) in the fourth quarter of 2011 related to a plan to improve the profitability and efficiency of selected operations. The restructuring charge mainly includes severance and other employee separation costs. During the three and six months ended June 30, 2012, approximately $0.5 million and $1.4 million of payments, respectively, have been applied to the restructuring reserve. As of June 30, 2012, the balance of the restructuring reserve was $0.4 million.

- 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.

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