Note 3 - Restructuring

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities Disclosure [Text Block]

Restructuring and Related Activities Disclosure [Text Block]

3. Restructuring

Restructuring costs incurred in the second quarter and first six months of 2013 totaled $0.8 million and primarily related to severance costs from the decision to exit the executive search business of OCG in Germany. Restructuring costs incurred in the second quarter and first six months of 2012 amounted to a credit of $2.2 million and primarily related to adjustments to estimated lease termination costs for EMEA Commercial branches that closed in prior years. These costs were reported as a component of SG&A expenses.

A summary of the balance sheet accrual related to global restructuring costs follows (in millions of dollars):

Balance at beginning of year	$	2.4
Reductions for cash payments		(1.1	)
Balance at first quarter-end 2013		1.3
Amounts charged to operations		0.8
Reductions for cash payments		(0.7	)
Balance at second quarter-end 2013	$	1.4

The remaining balance of $1.4 million as of the 2013 second quarter end represents primarily future lease payments and is expected to be paid by 2015. On a quarterly basis, the Company reassesses the accrual associated with restructuring costs and adjusts it as necessary.