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Severance and Other Charges

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities Disclosure [Text Block]

6. Severance and Other Charges

During 2012, the Company initiated actions to streamline both its facilities and its workforce. These actions were deemed necessary to meet the demands of the markets served by the Company and the economic environment and to improve profitability. The Company terminated 41 employees throughout North America, Europe, the United Kingdom and Asia. The Company also incurred lease termination costs related to the exit of a lease in North America and asset impairment expense related to the exit of this facility as well as to the exit of a leased facility in the United Kingdom.

The following summarizes the activity in the Company’s accrual for severance and other charges (in thousands):

	Severance	Lease Exit Costs	Total
Accrual at December 31, 2012	$ 306	$ 184	$ 490
Payments and other settlements in 2013	(176)	(34)	(210)
Translation adjustment	(3)	─	(3)
Accrual at March 31, 2013	$ 127	$ 150	$277

The Company expects to pay substantially all of the remaining amounts during the year ended December 31, 2013.

- 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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