XML 48 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Restructuring Charges
3 Months Ended
Mar. 31, 2013
Restructuring and Related Activities [Abstract]  
Restructuring Charges
Restructuring Charges

During the quarter ended December 31, 2012, the Company made a strategic business decision to change the production and release slates for some of its animated feature films. In connection with this decision, the Company committed to a restructuring plan to align its production and operating infrastructure. As a result, during the year ended December 31, 2012, the Company recorded a liability for non-retirement postemployment benefit charges totaling $4.6 million for 178 employees. These charges were recorded in costs of revenues in the Company's consolidated statements of operations. During the three months ended March 31, 2013, the Company implemented a restructuring plan to lower the cost structure, which resulted in a commitment to further reduce its workforce. As a result, the Company incurred additional restructuring charges attributable to employee-related costs (primarily related to severance and benefits) totaling $2.5 million for 47 employees. These charges were recorded in costs of revenues and selling, general and administrative expenses in the Company's consolidated statements of income for the three months ended March 31, 2013. Payments made during the three months ended March 31, 2013 totaled $2.0 million related to these restructuring plans, and as of March 31, 2013, $5.0 million remained accrued as a liability. The Company expects to complete its restructuring plan by the end of 2013. The Company's restructuring plans are attributable to its Film and Television Specials/Series reportable segment.