RESTRUCTURING AND OTHER EXIT COSTS

6 Months Ended

Jul. 03, 2011

RESTRUCTURING AND OTHER EXIT COSTS

NOTE 4 – RESTRUCTURING AND OTHER EXIT COSTS

The 2009 and 2008 restructuring plans and other exit activities are described in Note 4 to the Consolidated Financial Statements included in our Annual Report.  All related costs are included in restructuring and other exit costs in the accompanying Consolidated Statements of Income.

2009 Plans

Restructuring and other exit costs of $148 in 2011 and $1,428 in 2010 relate to costs required to be expensed as incurred, primarily for the termination of contracts and the relocation of equipment.  In addition, in 2011, we reversed $325 of involuntary termination costs primarily as result of lower than expected employee severance costs.

Components of 2009 restructuring and other exit costs consist of the following:

	Total		Total			Cumulative
	Expected		Q2 2011			To-Date
	Costs		Expense			Expense
Involuntary termination costs	$	3,150	$	(304	)	$	3,077
Contract termination costs		2,600		31			1,463
Other associated exit costs		8,600		22			8,142
Total	$	14,350	$	(251	)	$	12,682

A summary of the 2009 restructuring accrual activity is as follows:

	Balance		Incurred			Reversed			Balance
	2010		in 2011			in 2011			2011
Involuntary termination costs	$	878	$	(358	)	$	(324	)	$	196
Contract termination costs		811		(456	)		-			355
Total	$	1,689	$	(814	)	$	(324	)	$	551

2008 Plans

Restructuring and other exit costs of $30 in 2010 primarily relate to contract termination costs that were required to be expensed as incurred.