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Office Consolidation / Impairment Charges
12 Months Ended
Dec. 31, 2011
Office Consolidation / Impairment Charges  
Office Consolidation / Impairment Charges

20.                          Office Consolidation / Impairment Charges

 

In the third quarter of 2009, the Company completed the relocation of its corporate headquarters and other operations to downtown Pittsburgh.  As a result of the relocation, the Company recorded an impairment charge of $5.2 million in selling, general and administrative expense in the Statements of Consolidated Income for 2009.  This impairment related to the reduced usage of the operating lease for, and certain assets at, the Company’s previous headquarters facility located on Pittsburgh’s North Shore.