Restructuring Charges

In the second quarter of 2012, as part of our strategy to reduce costs and to realign our business, we implemented a restructuring of our business and recorded restructuring charges of $20.8 million. The restructuring charges included $20.0 million for severance and related costs associated with 168 employees notified of termination during the second quarter of 2012 and $0.8 million of charges related to excess facilities. The employee terminations triggered a curtailment of a non-U.S. pension plan and interim remeasurement of the pension plan's assets and liabilities. The remeasurement resulted in a decrease in the plan's net unrecognized losses of $1.2 million, which was recorded in accumulated other comprehensive income net of tax.

The following table summarizes restructuring accrual activity for the period ended March 31, 2012:



	Employee Severance and Related Benefits			Facility Closures and Related Costs			Total
	(in thousands)
Restructuring charge activity for the three months ended March 31, 2012
Charges to operations	$	19,953		$	849		$	20,802
Cash disbursements	(8,829		)	(68		)	(8,897		)
Foreign exchange impact	150			5			155
Accrual, March 31, 2012	$	11,274		$	786		$	12,060

The accrual for facility closures and related costs is included in accrued expenses in the consolidated balance sheet, and the accrual for employee severance and related benefits is included in accrued compensation and benefits in the consolidated balance sheet. The facility accrual remaining at March 31, 2012 is related to excess space in a facility representing a gross lease commitment of approximately $1.6 million, net of assumed replacement tenant income of approximately $0.8 million.