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Facility consolidation charges
6 Months Ended
Jun. 24, 2012
Facility consolidation charges [Abstract]  
Facility consolidation charges

NOTE 3 – Facility consolidation charges

The carrying values of property, plant and equipment at certain publishing businesses were evaluated due to facility consolidation efforts. The Company revised the useful lives of certain assets to reflect the use of those assets over a shortened useful life. As a result of the evaluations, the Company recorded pre-tax charges of $5.1 million and $9.9 million in the second quarter and year-to-date 2012, respectively. For the second quarter and year-to-date periods of 2011, the pre-tax charges were $6.4 million and $14.1 million, respectively. Deferred tax benefits were recognized for these charges and, therefore, the quarter and year-to-date after-tax impact was $3.1 million (or $0.01 per share) and $6.0 million (or $0.03 per share) for 2012, respectively. For the second quarter and year-to-date periods of 2011, the after tax impact was $3.9 million (or $0.02 per share) and $8.5 million (or $0.03 per share), respectively.