Corporate Restructuring and Other Organizational Changes

3 Months Ended

Mar. 31, 2012

Corporate Restructuring and Other Organizational Changes

8. Corporate Restructuring and Other Organizational Changes

During the three months ended March 31, 2012, the Company reduced its headcount by 179 employees as a part of its integration with newly acquired S1. In connection with these actions, during the three months ended March 31, 2012, approximately $6.2 million of termination costs were recognized in general and administrative expense in the accompanying consolidated statements of operations. The charges, by segment, were as follows for the three months ended March 31, 2012: $2.6 million in the Americas segment, $2.9 million in the EMEA segment, and $0.7 million in the Asia/Pacific segment. Approximately $0.9 million of these termination costs were paid during the three months ended March 31, 2012. The remaining liability is expected to be paid over the next 12 months.

The components of corporate restructuring and other reorganization charges from the acquisition of S1 are included in the following table (in thousands):

	Termination Benefits
Balance, December 31, 2011		—
Additional restructuring charges incurred		6,239
Amounts paid during the period		(894	)
Other (1)		31
Balance, March 31, 2012	$	5,376

(1) Other includes the impact of foreign currency translation.

The liability is included in accrued employee compensation in the accompanying condensed consolidated balance sheet at March 31, 2012.