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RESTRUCTURING CHARGES
 6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES
RESTRUCTURING CHARGES
 
The following table summarizes the activity related to the accrual for restructuring charges detailed by restructuring event for the three and six months ended June 30, 2013 and 2012.

June 30, 2013
 
Q2'10
 
Q2'12
 
Q4'12
 
Q1'13
 
Total 2013 Activity
 
(In thousands)
Balances at January 1, 2013 - Restructuring Accrual
$
439

 
$
7,418

 
$
8,365

 
$
—

 
$
16,222

Charges (credits) - Employee termination costs, net of change in estimate
—

 
—

 
(460
)
 
42,821

 
42,361

Charges - Other
—

 
—

 
—

 
453

 
453

Payments - Employee termination costs
—

 
(2,206
)
 
(5,161
)
 
—

 
(7,367
)
Payments - Other
—

 
—

 
(45
)
 
(453
)
 
(498
)
Foreign exchange gain
—

 
—

 
(16
)
 
—

 
(16
)
Balances at March 31, 2013 - Restructuring Accrual
439

 
5,212

 
2,683

 
42,821

 
51,155

Charges (credits) - Employee termination costs, net of change in estimate
—

 
180

 
(310
)
 
941

 
811

Credits - Other
—

 
—

 
(230
)
 
—

 
(230
)
Payments - Employee termination costs
(158
)
 
(812
)
 
(1,860
)
 
(5,853
)
 
(8,683
)
Payments - Other
—

 
—

 
(185
)
 
—

 
(185
)
Foreign exchange loss
—

 
—

 
—

 
141

 
141

Balances at June 30, 2013 - Restructuring Accrual
$
281

 
$
4,580

 
$
98

 
$
38,050

 
$
43,009






June 30, 2012
 
Q3'08
 
Q2'10
 
Q2'12
 
Total 2012 Activity
 
(In thousands)
Balances at January 1, 2012 - Restructuring Accrual
$
301

 
$
1,846

 
$
—

 
$
2,147

Payments - Employee termination costs
—

 
(741
)
 
—

 
(741
)
Foreign exchange gain (loss)
—

 
(226
)
 
—

 
(226
)
Balances at March 31, 2012 - Restructuring Accrual
301

 
879

 
—

 
1,180

Charges (credits) - Employee termination costs, net of change in estimate
—

 
1,138

 
13,216

 
14,354

Payments - Employee termination costs
(301
)
 
—

 
—

 
(301
)
Foreign exchange gain (loss)
—

 
(9
)
 
(301
)
 
(310
)
Balances at June 30, 2012 - Restructuring Accrual
$
—

 
$
2,008

 
$
12,915

 
$
14,923


2013 Restructuring Charges

Restructuring charges recorded in the first quarter of 2013 were primarily related to workforce reductions at the Company's locations in Rousset, France (“Rousset”), Nantes, France (“Nantes”), Heilbronn, Germany (“Heilbronn”) and Ulm, Germany. The Company's subsidiaries operating at these sites restructured operations to further align operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. The Company recorded the restructuring liabilities in the first quarter of 2013 as accounting recognition criteria were met and consistent with management's approval and commitment to the restructuring plans in the quarter. The restructuring plans identified the number of employees terminated, their job classification and function, their location and the date that the plan was expected to be completed.

The restructuring charges recorded in the first quarter of 2013 for Rousset and Nantes were $26.6 million and for Heilbronn were $15.6 million, and are expected to be paid by the time affected employees cease active service in 2014. There were no significant changes to the plan and no material modifications or changes were made after the implementation began.

2012 Restructuring Charges

The charge of $14.4 million in the second quarter of 2012 related primarily to workforce reductions in Heilbronn, the US, and certain other locations. These workforce reductions were designed to further align the Company's global operating expenses with macroeconomic conditions and revenue outlooks, and to improve operational efficiency, competitiveness and business profitability. The Company recorded the restructuring liabilities in the second quarter of 2012 as accounting recognition criteria were met and consistent with management's approval and commitment to the restructuring plans in the quarter. The restructuring plans identified the number of employees terminated, their job classification and function, their location and the date that the plan was expected to be completed. The Company anticipates all affected employees will cease active service on or before the end of the fourth quarter of 2013. There were no significant changes to the plan and no material modifications or changes were made after the implementation began.