RESTRUCTURING CHARGES

12 Months Ended

Dec. 31, 2011

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES

Note 16    RESTRUCTURING CHARGES

        The following table summarizes the activity related to the accrual for restructuring charges detailed by event for the years ended December 31, 2011, 2010 and 2009.

		January 1, 2011 Accrual		Charges/ (Credits)			Payments			Currency Translation Adjustment		Foreign Exchange Gain			December 31, 2011 Accrual
		(In thousands)
Third quarter of 2002
	Termination of contract with supplier	$	1,592	$	(1,592	)	$	—		$	—	$	—		$	—
Second quarter of 2008
	Employee termination costs		3		(3	)		—			—		—			—
Third quarter of 2008
	Employee termination costs		460		—			—			15		(174	)		301
First quarter of 2009
	Employee termination costs		—		—			—			—		—			—
	Other restructuring charges		136		—			(136	)		—		—			—
Second quarter of 2010													—
	Employee termination costs		1,286		21,659			(21,461	)		1,165		(803	)		1,846
Total 2011 activity		$	3,477	$	20,064		$	(21,597	)	$	1,180	$	(977	)	$	2,147

		January 1, 2010 Accrual		Charges		Payments			Currency Translation Adjustment			December 31, 2010 Accrual
		(In thousands)
Third quarter of 2002
	Termination of contract with supplier	$	1,592	$	—	$	—		$	—		$	1,592
Second quarter of 2008
	Employee termination costs		4		—		—			(1	)		3
Third quarter of 2008
	Employee termination costs		557		—		(44	)		(53	)		460
First quarter of 2009
	Employee termination costs		—		986		(954	)		(32	)		—
	Other restructuring charges		318		—		(182	)		—			136
Second quarter of 2010
	Employee termination costs		—		4,267		(2,965	)		(16	)		1,286
Total 2010 activity		$	2,471	$	5,253	$	(4,145	)	$	(102	)	$	3,477

		January 1, 2009 Accrual		Charges		Payments			Currency Translation Adjustment			December 31, 2009 Accrual
		(In thousands)
Third quarter of 2002
	Termination of contract with supplier	$	1,592	$	—	$	—		$	—		$	1,592
Fourth quarter of 2007
	Other restructuring charges		218		470		(698	)		10			—
Second quarter of 2008
	Employee termination costs		235		46		(273	)		(4	)		4
Third quarter of 2008
	Employee termination costs		17,575		87		(16,220	)		(885	)		557
Fouth quarter of 2008
	Employee termination costs		3,438		626		(4,060	)		(4	)		—
First quarter of 2009
	Employee termination costs		—		2,207		(2,393	)		186			—
	Other restructuring charges		—		389		(71	)		—			318
Second quarter of 2009
	Employee termination costs		—		2,856		(2,856	)		—			—
Total 2009 activity		$	23,058	$	6,681	$	(26,571	)	$	(697	)	$	2,471

• 2011 Restructuring Charges

        For the year ended December 31, 2011, the Company implemented cost reduction actions, primarily targeting reduction of labor costs. The Company incurred restructuring charges of $21.7 million for the year ended December, 31 2011 related to severance costs resulting from involuntary termination of 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. The Company recorded a restructuring credit of $1.6 million for the year ended December 31, 2011 related to resolution of a litigation matter. The Company paid $21.5 million related to employee termination costs for the year ended December 31, 2011.

• 2010 Restructuring Charges

        For the year ended December 31, 2010, the Company incurred restructuring charges of $5.3 million 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. The Company paid $4.0 million related to employee termination costs for the year ended December 31, 2010.

• 2009 Restructuring Charges

        For the year ended December 31, 2009, the Company incurred restructuring charges of $6.7 million consisting of net charges of $5.8 million, related to severance costs resulting from involuntary termination of employees and charges of $0.9 million related to facility closure costs. The Company paid $25.8 million related to employee termination costs for the year ended December 31, 2009.