Special charges

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements [Abstract]

Special charges

In the first quarter of 2012, the Company’s Industrial Products segment incurred approximately $0.3 million of facility exit costs for severance and personnel costs and other exit costs related to the planned closing and relocation of one of our smaller distribution centers to a new, significantly larger distribution and call center. These costs were recorded in cost of sales within the Industrial Products segment. The Company anticipates incurring minimal additional costs related to this facility closing and relocation.

The following table details the associated liabilities related to this plan (in thousands):

	Severance and Personnel Costs		Other Exit Costs		Total
Balance January 1, 2012	$	-	$	-	$	-
Charged to expense		254		17		271
Paid or otherwise settled		-		-		-
Balance March 31, 2012	$	254	$	17	$	271

In the first quarter of 2012, the Company’s North America Technology Products segment incurred $1.1 million of costs associated with senior staffing changes for which no future services will be rendered and also incurred $0.5 million of additional legal and professional fees related to the ongoing follow up of the previously disclosed completed investigation and settlement with a former officer and director and in pursuing related matters.