Restructuring Charges

12 Months Ended

Dec. 31, 2012

During the year ended December 31, 2012, the Company recorded restructuring charges totaling $2.4 million. These charges consisted of employee severance and branch office closure costs. For the year ended December 31, 2012, employee severance totaled $1.4 million and branch office closure costs totaled $1.0 million. These restructuring charges relate to the Company's deployment of a new Portamedic service delivery model in June 2012. As the Company continues to optimize this new delivery model in 2013, the Company may incur additional restructuring charges.

Following is a summary of the restructuring charges for the year ended December 31, 2012:



(In millions)	Charges		Payments			Balance at December 31, 2012
Severance	$	1.4		$	1.4		$	—
Lease/Branch closure obligation	1.0			0.3			0.7
	$	2.4		$	1.7		$	0.7

During the year ended December 31, 2011, the Company recorded restructuring charges totaling $0.1 million which consisted of severance and branch office closure costs. As of December 31, 2012, all payments relating to this restructuring were complete.

During the year ended December 31, 2010, the Company recorded restructuring charges totaling $1.0 million. These charges consisted primarily of severance costs related to the resignation of the Company's former CEO and employee severance costs primarily relating to the Company's Portamedic and Hooper Holmes Services service lines. As of December 31, 2012, all payments relating to this restructuring were complete.

At December 31, 2012, $0.5 million of restructuring charges are recorded in accrued expenses in the accompanying consolidated balance sheet. Cash payments related to the above described restructuring charges are expected to be completed within the next twelve months, except for certain long-term branch office closure costs of $0.2 million, which are recorded in other long-term liabilities as of December 31, 2012.

- 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.

+ References+ Details