In conjunction with the acquisition of Östergrens, the Company recorded contingent cash consideration based on the seller meeting certain performance criteria. The Company paid $332,000 of the contingent consideration in the quarter ended March 31, 2011. The remaining portion of contingent consideration was based on a multiple of the incremental profit achieved in 2011 over 2010 for certain customer projects. Based on accounting guidance management estimated this amount at the date of the acquisition. Any adjustment to this estimate is recorded in the 2011 operating results as profit or loss, depending on whether the estimate turns out to be more or less than the actual liability.

Due to customer delays and reduced shipments during 2011 for certain of the customer projects, the actual liability was less than the original estimate recorded as of the closing date of the acquisition. The adjustment to contingent consideration was $1,101,000 and is recorded as profit in the Consolidated Statement of Operations. Because the adjustment is an adjustment to the purchase price, no income tax expense is provided on the adjustment.

The following table displays the changes to the contingent consideration liability that relates to Customer Projects:


Contingent consideration for Customer Projects as of December 31, 2010	$	2,386
Adjustment from estimated amount to actual		(1,101	)
Foreign currency related adjustments		28

Contingent consideration for Customer Projects as of December 31, 2011	$	1,313

The liability, which is denominated in Swedish Krona, is expected to be paid in the first quarter of 2012.