![]() | James M. Rutledge |
Vice Chairman, | |
Chief Financial Officer and Treasurer | |
42 Longwater Drive | 781.792.5100 |
P.O. Box 9149 | Fax 781.792.5900 |
Norwell, MA 02061-9149 | rutledge.jim@cleanharbors.com |
www.cleanharbors.com |
Re: | Clean Harbors, Inc. Form l0-K for the Year Ended December 31, 2010 Form 10-Q for the Period Ended September 30, 2011 Definitive Proxy Statement on Schedule 14A Filed April 4, 2011 File No. 1-34223 |
• | Disclose the amount of foreign cash and cash equivalents as compared to your total amount of cash and cash equivalents as of year-end; |
• | Quantify the amount of cash held in foreign countries where the funds are not readily convertible into other foreign currencies, including U.S. dollars. Please also explain the implications of any such restrictions upon your liquidity; and |
• | Discuss the fact that if the foreign cash and cash equivalents are needed for your operations in the U.S., you would be required to accrue and pay U.S. taxes to repatriate these funds. Disclose if it is your intent is to permanently reinvest these foreign amounts outside the U.S. and whether your current plans do not demonstrate a need to repatriate the foreign amounts to fund your U.S. operations. |
• | the Company is responsible for the adequacy and accuracy of the disclosure in its filings with the Commission; |
• | staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and |
• | the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
cc: | Ernest Greene, Staff Accountant Sherry Haywood, Staff Attorney Craig Slivka, Special Counsel Alan S. McKim, Chief Executive Officer |
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