The Company's Board of Directors approves all major restructuring programs that involve the discontinuance of product lines or the shutdown of facilities. From time to time, the Company takes additional restructuring actions, including involuntary terminations that are not part of a major program. The Company accounts for these costs in the period that the individual employees are notified or the liability is incurred. These costs are included in restructuring and other charges in the Company's consolidated statements of operations. In 2011, the Board approved an integration program in association with the acquisition of Socla. The program was designed to integrate certain operations and management structures in the Watts and Socla organizations with a total estimated pre-tax cost of $6.4 million with costs being incurred through 2012. As of December 31, 2011, the Company revised its forecast to $5.1 million due to reduced expected severance costs.

During 2011, the Company initiated several other actions that were not part of a major program. In September 2011, the Company announced a plan of termination that would result in a reduction of approximately 10% of North American non-direct payroll costs. The Company recorded a charge of $1.1 million for severance in connection with the plan during the year ended December 31, 2011. Also in 2011, the Company initiated restructuring activities with respect to the Company's operating facilities in Europe, which included the closure of a facility. The Europe restructuring activities are expected to include pre-tax costs of approximately $2.6 million, including costs for severance and shut down costs. The total net after-tax charge is $1.8 million with costs being incurred through 2012. Total costs incurred during 2011 were $2.5 million, primarily for severance. In addition, the Company recorded income in restructuring and other charges related to the reduction in the contingent liability for the anticipated earnout payment in connection with the BRAE acquisition of $1.2 million.

	Years Ended December 31,

	2011			2010			2009
	(in millions)
Restructuring costs:
2007 Actions	$	—		$	1.0		$	3.2
2009 Actions		—			1.8			9.3
2010 Actions		3.3			11.1			4.6
2011 Actions		3.1			—			—
Other Actions		3.6			0.2			1.8

Total restructuring costs incurred		10.0			14.1			18.9
Income related to contingent liability reduction		(1.2	)		—			—
Less: amounts included in cost of goods sold		—			(1.5	)		(1.7	)

Total restructuring and other charges	$	8.8		$	12.6		$	17.2

The Company recorded net pre-tax restructuring and other charges in its business segments as follows:

	Years Ended December 31,

	2011		2010		2009
	(in millions)
North America	$	1.2	$	4.1	$	4.3
Europe		8.6		9.2		5.9
Asia		0.2		0.8		8.7

Total	$	10.0	$	14.1	$	18.9

Also, during 2011, the Company recorded a tax charge of $1.1 million related to restructuring in France offset by a tax benefit of $4.2 million realized in connection with the disposition of TWVC.

The following table summarizes the total expected, incurred and remaining pre-tax costs for the 2011 Socla integration program:

Reportable Segment	Total Expected Costs		Incurred through December 31 2011		Remaining Costs at December 31, 2011

	(in millions)
Europe	$	4.9	$	2.9	$	2.0
Asia		0.2		0.2		—

Total	$	5.1	$	3.1	$	2.0

Details of the Company's 2011 Socla integration reserves for the year ended December 31, 2011 are as follows:

	Severance			Facility exit and other		Total

	(in millions)
Balance at December 31, 2010	$	—		$	—	$	—
Net pre-tax restructuring charges		3.1			—		3.1
Utilization and foreign currency impact		(2.7	)		—		(2.7	)

Balance at December 31, 2011	$	0.4		$	—	$	0.4

The following table summarizes expected, incurred and remaining costs for 2011 Socla integration actions by type:

	Severance			Facility exit and other		Total

	(in millions)
Expected costs	$	5.1		$	—	$	5.1
Costs Incurred—2011		(3.1	)		—		(3.1	)

Remaining costs at December 31, 2011	$	2.0		$	—	$	2.0

On February 8, 2010, the Board approved a restructuring program with respect to the Company's operating facilities in France. The restructuring program included the consolidation of five facilities into two facilities. The program was originally expected to include pre-tax charges totaling approximately $12.5 million, including costs for severance, relocation, clean-up and certain asset write-downs. The Company revised its forecast to $16.5 million primarily to reflect additional severance and legal costs. The Company recorded certain severance costs related to this program in 2009 as the amounts related to contractual or statutory obligations. This program is complete.

On September 13, 2010, the Board approved a restructuring program with respect to certain of the Company's operating facilities in the United States. The restructuring program included the shutdown of two manufacturing facilities in North Carolina. Operations at these facilities have been consolidated into the Company's manufacturing facilities in New Hampshire, Missouri and other locations. The program originally included pre-tax charges totaling approximately $4.9 million, including costs for severance, shutdown costs and equipment write-downs and pre-tax training and pre-production set-up costs of approximately $2.0 million. The Company revised its forecast to $2.5 million due to reduced shutdown costs. The total net after-tax charge for this restructuring program was approximately $1.5 million. The restructuring program is expected to be completed in the first quarter of 2012.

The following table summarizes the total expected, incurred and remaining pre-tax costs for the 2010 Europe and North America footprint consolidation-restructuring programs by the Company's reportable segments:

	Total Expected Costs		Incurred through December 31, 2010		Additional Costs incurred through December 31, 2011		Remaining Costs

	(in millions)
Europe	$	16.5	$	13.7	$	2.8	$	—
North America		2.5		2.0		0.5	$	—

Total	$	19.0	$	15.7	$	3.3	$	—

Details of the Company's 2010 Europe and North America footprint consolidation-restructuring program reserves through December 31, 2011 are as follows:

	Severance			Asset write- downs			Facility exit and other			Total

	(in millions)
Balance at December 31, 2008	$	—		$	—		$	—		$	—
Net pre-tax restructuring charges		4.2			—			0.4			4.6
Utilization and foreign currency impact		—			—			(0.4	)		(0.4	)

Balance at December 31, 2009		4.2			—			—			4.2
Net pre-tax restructuring charges		4.9			1.7			4.5			11.1
Utilization and foreign currency impact		(1.7	)		(1.7	)		(4.5	)		(7.9	)

Balance at December 31, 2010	$	7.4		$	—		$	—		$	7.4
Net pre-tax restructuring charges		1.5			0.5			1.3			3.3
Utilization and foreign currency impact		(6.0	)		(0.5	)		(1.3	)		(7.8	)

Balance at December 31, 2011	$	2.9		$	—		$	—		$	2.9

The following table summarizes expected, incurred and remaining costs for the Company's 2010 Europe and North America footprint consolidation-restructuring actions by type:

	Severance			Asset write- downs			Facility exit and other			Total

	(in millions)
Expected costs	$	10.6		$	2.2		$	6.2		$	19.0
Costs incurred—2009		(4.2	)		—			(0.4	)		(4.6	)
Costs incurred—2010		(4.9	)		(1.7	)		(4.5	)		(11.1	)
Costs incurred—2011		(1.5	)		(0.5	)		(1.3	)		(3.3	)

Remaining costs at December 31, 2011	$	—		$	—		$	—		$	—

In February 2009, the Board approved a plan to consolidate its manufacturing footprint in North America and Asia. The final plan provided for the closure of two plants, with those operations being moved to existing facilities in either North America or Asia or relocated to a new central facility in the United States. The project was completed in 2010.

The following table summarizes the total estimated pre-tax charges expected, incurred and remaining cost for the footprint consolidation- restructuring program initiated in 2009 by the Company's reportable segments:

	Total Expected Costs		Incurred through December 31, 2010		Remaining Costs

			(in millions)
North America	$	1.9	$	1.9	$	—
Asia		9.2		9.2		—

Total	$	11.1	$	11.1	$	—

Details of the Company's footprint consolidation-restructuring program through December 31, 2010 are as follows:

	Severance			Asset write- downs			Facility exit and other			Total

	(in millions)
Balance at December 31, 2008	$	—		$	—		$	—		$	—
Net pre-tax restructuring charges		1.7			7.5			0.1			9.3
Utilization		(1.7	)		(7.5	)		(0.1	)		(9.3	)

Balance at December 31, 2009		—			—			—			—
Net pre-tax restructuring charges		0.7			0.1			1.0			1.8
Utilization		(0.7	)		(0.1	)		(1.0	)		(1.8	)

Balance at December 31, 2010	$	—		$	—		$	—		$	—