Restructuring Charges

9 Months Ended

Sep. 30, 2012

Note 12 – Restructuring Charges

The Company has undertaken initiatives to restructure its business operations with the intention of improving utilization and realizing cost savings in the future. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails, among other activities, moving production between facilities, reducing staff levels, realigning our business processes and reorganizing our management.

The Company recognized restructuring charges during 2012, 2011, 2010 and 2009 primarily related to the closure of facilities, capacity reduction and reductions in workforce in certain facilities worldwide. These charges were recorded pursuant to plans developed and approved by management.

The following table summarizes the 2012 activity in the accrued restructuring balances related to the various restructuring activities initiated prior to September 30, 2012:


	Balance as of								Foreign			Balance as of
	December 31,		Restructuring			Cash			Exchange			September 30,
(in thousands)	2011		Charges			Payment			Adjustments			2012

2012 Restructuring:
Severance	$	—	$	573		$	(445	)	$	—		$	128
Lease facility costs		—		55			(54	)		(1	)		—

		—		628			(499	)		(1	)		128
2011 Restructuring:
Severance		189		316			(616	)		14			(97	)
Lease facility costs		1,664		(339	)		(791	)		(20	)		514
Other exit costs		—		17			(17	)		—			—

		1,853		(6	)		(1,424	)		(6	)		417
2010 Restructuring:
Severance		34		(4	)		(30	)		—			—
Other exit costs		20		68			(72	)		—			16

		54		64			(102	)		—			16
2009 Restructuring:
Lease facility costs		402		87			(489	)		—			—

		402		87			(489	)		—			—

Total	$	2,309	$	773		$	(2,514	)	$	(7	)	$	561

- 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.

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