Note 15—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 December 31, 2012:


	Balance as of								Foreign			Balance as of
	December 31,		Restructuring			Cash			Exchange			December 31,
(in thousands)	2011		Charges			Payment			Adjustments			2012
2012 Restructuring:
Severance	$	-	$	1,529		$	(998	)	$	7		$	538
Lease facility costs		-		55			(54	)		(1	)		-
Other exit costs		-		209			(45	)		2			166
		-		1,793			(1,097	)		8			704
2011 Restructuring:
Severance		189		408			(611	)		14			-
Lease facility costs		1,664		(153	)		(1,474	)		(24	)		13
Other exit costs		-		17			(17	)		-			-
		1,853		272			(2,102	)		(10	)		13
2010 Restructuring:
Severance		34		(4	)		(30	)		-			-
Other exit costs		20		52			(72	)		-			-
		54		48			(102	)		-			-
2009 Restructuring:
Lease facility costs		402		87			(489	)		-			-
		402		87			(489	)		-			-
Total	$	2,309	$	2,200		$	(3,790	)	$	(2	)	$	717

The components of the restructuring charges initiated during 2012 were as follows:


(in thousands)	Americas		Europe		Asia		Total
Severance costs	$	494	$	531	$	504	$	1,529
Facility lease costs		-		-		55		55
Other exit costs		-		176		33		209
	$	494	$	707	$	592	$	1,793

During 2012, the Company recognized $1.5 million of employee termination costs associated with the involuntary terminations of 139 employees in connection with reductions in workforce of certain facilities worldwide. The identified involuntary employee terminations by reportable geographic region amounted to approximately 68, 61 and 10 for the Americas, Asia and Europe, respectively.

The following table summarizes the 2011 activity in the accrued restructuring balances related

to the various restructuring activities initiated prior to December 31, 2011:


	Balance as of											Foreign		Balance as of
	December 31,		Restructuring			Cash			Non-Cash			Exchange		December 31,
(in thousands)	2010		Charges			Payment			Activity			Adjustments		2011
2011 Restructuring:
Severance	$	-	$	2,386		$	(2,215	)	$	-		$	18	$	189
Lease facility costs		-		1,958			(294	)		-			-		1,664
Other exit costs		-		514			(159	)		(355	)		-		-
		-		4,858			(2,668	)		(355	)		18		1,853
2010 Restructuring:
Severance		1,767		(503	)		(1,317	)		-			87		34
Other exit costs		709		181			(872	)		-			2		20
		2,476		(322	)		(2,189	)		-			89		54
2009 Restructuring:
Lease facility costs		1,506		-			(1,161	)		-			57		402
Other exit costs		27		(21	)		(6	)		-			-		-
		1,533		(21	)		(1,167	)		-			57		402
Total	$	4,009	$	4,515		$	(6,024	)	$	(355	)	$	164	$	2,309

The components of the restructuring charges initiated during 2011 were as follows:


(in thousands)	Americas		Europe		Asia		Total
Severance costs	$	421	$	1,829	$	136	$	2,386
Facility lease costs		-		1,335		623		1,958
Other exit costs		22		203		289		514
	$	443	$	3,367	$	1,048	$	4,858

During 2011, the Company recognized $2.4 million of employee termination costs associated with the involuntary terminations of 196 employees in connection with reductions in workforce of certain facilities worldwide. In Europe, these involuntary terminations were in connection with the closure of the Dublin, Ireland facility. The identified involuntary employee terminations by reportable geographic region amounted to approximately 107, 38 and 51 for the Americas, Asia and Europe, respectively. The Company also recorded approximately $2.0 million for facility lease obligations and approximately $0.5 million for other exit costs, including $0.4 million of asset impairments associated with the closure of certain leased facilities.

The components of the restructuring charges initiated during 2010 were as follows:


(in thousands)	Americas		Europe		Asia		Total
Severance costs	$	1,388	$	1,374	$	1,384	$	4,146
Facility lease costs		494		-		-		494
Other exit costs		369		137		679		1,185
	$	2,251	$	1,511	$	2,063	$	5,825

During 2010, the Company recognized $4.2 million of employee termination costs associated with the involuntary terminations of 751 employees in connection with reductions in workforce of certain facilities. The identified involuntary employee terminations by reportable geographic region amounted to approximately 286, 421 and 44 for the Americas, Asia and Europe, respectively. The Company also recorded approximately $0.5 million for facility lease obligations and approximately $1.2 million for other exit costs, including $0.2 million of asset impairments associated with the closure of certain leased facilities.