RESTRUCTURING CHARGES

6 Months Ended

Jun. 30, 2011

Note 11 RESTRUCTURING CHARGES

The following table summarizes the activity related to the accrual for restructuring charges detailed by event for the three and six months ended June 30, 2011 and 2010.

		January 1, 2011 Accrual		Charges		Payments			Currency Translation Adjustment		March 31, 2011 Accrual		Charges		Payments			Currency Translation Adjustment		June 30, 2011 Accrual

		*(in thousands)*
Third quarter of 2002
	Termination of contract with supplier	$	1,592	$	-	$	-		$	-	$	1,592	$	-	$	-		$	-	$	1,592	(2)
Second quarter of 2008
	Employee termination costs		3		-		-			-		3		-		-			-		3
Third quarter of 2008
	Employee termination costs		460		-		-			16		476		-		-			11		487
First quarter of 2009
	Other restructuring charges		136		-		(45	)		-		91		-		(46	)		-		45
Second quarter of 2010
	Employee termination costs		1,286		21,210		(1,972	)		735		21,259		-		(3,428	)		430		18,261

Total 2011 activity		$	3,477	$	21,210	$	(2,017	)	$	751	$	23,421	$	-	$	(3,474	)	$	441	$	20,388	(1)

(1): Accrued restructuring charges are classified within accrued and other liabilities on the condensed consolidated balance sheets and are expected to be paid prior to June 30, 2012.
(2): Relates to a contractual obligation, which is currently subject to litigation.

		January 1, 2010 Accrual		Charges		Payments			Currency Translation Adjustment			March 31, 2010 Accrual		Charges		Payments			Currency Translation Adjustment			June 30, 2010 Accrual

		*(in thousands)*
Third quarter of 2002
	Termination of contract with supplier	$	1,592	$	-	$	-		$	-		$	1,592	$	-	$	-		$	-		$	1,592
Second quarter of 2008
	Employee termination costs		4		-		-			(1	)		3		-		-			-			3
Third quarter of 2008
	Employee termination costs		557		-		-			(37	)		520		-		-			(30	)		490
First quarter of 2009
	Employee termination costs		-		969		(398	)		-			571		11		(184	)		(39	)		359
	Other restructuring charges		318		-		(46	)		-			272		-		(45	)		-			227
Second quarter of 2010			-		-		-			-			-		-					-			-
	Employee termination costs		-		-		-			-			-		1,603		-			(76	)		1,527

Total 2010 activity		$	2,471	$	969	$	(444	)	$	(38	)	$	2,958	$	1,614	$	(229	)	$	(145	)	$	4,198

2011 Restructuring Charges

In the six months ended June 30, 2011, the Company implemented cost reduction actions, primarily targeting reduction of labor costs. The Company incurred no restructuring charges in the three months ended June 30, 2011 and incurred restructuring charges of $21,210 in the six months ended June 30, 2011 related to severance costs resulting from involuntary termination of 89 employees at the Company's Rousset, France subsidiary. Employee severance costs were recorded in accordance with the accounting standard related to costs associated with exit or disposal activities.

2010 Restructuring Charges

In the three and six months ended June 30, 2010, the Company incurred restructuring charges of $1,614 and $2,583, respectively, related to severance costs resulting from involuntary termination of employees. Employee severance costs were recorded in accordance with the accounting standard related to costs associated with exit or disposal activities.

- 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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