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Restructuring Costs

6 Months Ended

Jul. 01, 2012

Restructuring and Related Activities [Abstract]

Note 7. Restructuring Costs

A reconciliation of the restructuring liability as of July 1, 2012, is as follows:

(millions of dollars)	Balance as of December 31, 2011		Provisions (Reversals)		Cash Expenditures			Balance as of July 1, 2012
Contract costs	$	0.8	$	--	$	(0.3	)	$	0.5
Severance and other employee benefits		0.6		--		(0.5	)		0.1
	$	1.4	$	--	$	(0.8	)	$	0.6

Approximately $0.2 million and $0.8 million in payments were made in the second quarter and first half of 2012, respectively. The remaining restructuring liability of $0.6 million will be funded from cash flows from operations during the remainder of 2012 and in 2013.

- 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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