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Plan of Restructuring

3 Months Ended

Jun. 30, 2011

Restructuring and Related Activities

Restructuring and Related Activities Disclosure [Text Block]

Note 3 – Plan of Restructuring

In the second quarter of 2010, the Company implemented a restructuring plan to reduce operating costs. The 2010 actions included the elimination of approximately 50 positions from our operations and the closing of our Stratford, Connecticut manufacturing facility. The 2010 year-end results include a restructuring charge of $1.1 million consisting of employee severance pay, facility closing costs representing primarily lease termination and asset write-off costs, and other fees directly related to the restructuring plan. The 2011 actions include the elimination of approximately 30 additional positions. The 2011 results include an additional restructuring charge of $70,000 consisting of employee severance pay and other fees directly related to the restructuring plan. The costs associated with the restructuring are included in a separate line item, Restructuring costs, in the Condensed Consolidated Statements of Operations. We expect that the majority of these costs will be paid over the next twelve months.

The following table shows the amounts expensed and paid for restructuring costs that were incurred during the six months ended June 30, 2011 and the remaining accrued balance of restructuring costs as of June 30, 2011, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.


	Balance December 31, 2010	Provision	Payments and Other Adjustments	Balance June 30, 2011
Severance costs ⁽¹⁾	$ -	$ 63	$ 11	$ 52
Facility closing costs ⁽²⁾	215	5	105	115
Other fees	94	2	28	68
	$ 309	$ 70	$ 144	$ 235

(1) Represents salaries for employees separated from the Company.

(2) Represents costs associated with the closing of the Stratford, Connecticut facility (primarily lease termination costs) and leasehold improvement and equipment write-offs.

The following table shows, by reportable segment, the restructuring costs incurred during the six months ended June 30, 2011 and the remaining accrued balance of restructuring costs as of June 30, 2011.


	Balance December 31, 2010	Provision	Payments and Other Adjustments	Balance June 30, 2011
Indoor display	$ 309	$ 16	$ 134	$ 191
Outdoor display	-	54	10	44
	$ 309	$ 70	$ 144	$ 235

- 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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