Restructuring Charges

9 Months Ended

Sep. 30, 2012

During the third quarter of 2012, the Company initiated a restructuring program to reduce overall corporate expenses which is expected to improve future profitability by reducing spending on marketing, general and administrative programs and refining some of the Company's research and development efforts. In connection with this restructuring program, the Company estimates that it will incur aggregate costs of approximately $6.0 million to $8.0 million. During the three and nine months ended September 30, 2012, the Company incurred restructuring charges of $6.6 million related primarily to the reduction in workforce, of which $4.0 million was related to the SBG reportable segment and $2.6 million was related to corporate support functions that impacted each of the Company's operating segments. The Company expects to substantially complete its restructuring activities by the first quarter of 2013.

The following table summarizes the restructuring activities during the nine months ended September 30, 2012:



	Employee Severance and Related Benefits			Other Expenses	Total
	(in thousands)
Balance at December 31, 2011	—			—	—
Charges	6,622			—	6,622
Payments	(1,788		)	—	(1,788		)
Balance at September 30, 2012	$	4,834		—	$	4,834

- 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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