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FACILITIES CONSOLIDATION AND SEVERANCE

12 Months Ended

Dec. 31, 2011

FACILITIES CONSOLIDATION AND SEVERANCE

NOTE 20 — FACILITIES CONSOLIDATION AND SEVERANCE

In the second quarter of 2009, the Company announced a plan to consolidate two French dispensing closure manufacturing facilities and several sales offices in North America and Europe. The total costs associated with the consolidation/severance programs are $7.6 million. The plan has been substantially completed, subject to the settlement of remaining reserve balances.

As of December 31, 2011 we have recorded the following activity associated with our consolidation/severance programs:

	Beginning Reserve at 12/31/10		Net Charges for the Year Ended 12/31/11			Cash Paid			FX Impact			Ending Reserve at 12/31/11


Employee severance	$	1,299	$	(75	)	$	(61	)	$	(33	)	$	1,130
Other costs		106		4			(89	)		(4	)		17

Totals	$	1,405	$	(71	)	$	(150	)	$	(37	)	$	1,147

- 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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