RESTRUCTURING CHARGES

3 Months Ended

Apr. 01, 2012

RESTRUCTURING CHARGES

NOTE 3 – RESTRUCTURING CHARGES

The 2011 and 2009 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.

2011 Plans

Restructuring and other exit costs of $1,081 in 2012 relate to fees to a third party to assist with the program implementation.  Components of restructuring and other exit costs consist of the following:

	Total		Total		Cumulative
	Expected		Q1 2012		To-Date
	Costs		Expense		Expense
Involuntary termination costs	$	5,480	$	-	$	5,480
Contract termination costs		470		-		-
Other associated exit costs		3,250		1,081		1,081
Total	$	9,200	$	1,081	$	6,561

A summary of the accrual activity is as follows:

	Balance		Accrued		Incurred			Balance
	2011		in 2012		in 2012			2012
Involuntary termination costs	$	5,480	$	-	$	(898	)	$	4,582
Other associated exit costs		-		465		-			465
Total	$	5,480	$	465	$	(898	)	$	5,047

2009 Plans

Restructuring and other exit costs of $41 in 2012 and $74 in 2011 relate to costs required to be expensed as incurred.  Components of restructuring and other exit costs consist of the following:

	Total		Total		Cumulative
	Expected		Q1 2012		To-Date
	Costs		Expense		Expense
Involuntary termination costs	$	2,881	$	-	$	2,881
Contract termination costs		1,700		6		1,546
Other associated exit costs		8,200		35		8,192
Total	$	12,781	$	41	$	12,619

A summary of the accrual activity is as follows:

	Balance		Accrued		Incurred			Balance
	2011		in 2012		in 2012			2012
Contract termination costs	$	180	$	6	$	(104	)	$	82
Total	$	180	$	6	$	(104	)	$	82