Restructuring

During the nine months ended September 30, 2012 and 2011, the Company recorded total expenses of $2.2 million and $1.3 million, respectively, for costs associated with restructuring plans including impairment of property, plant and equipment, lease obligations, severance, consulting and other related charges. Gains on the sale of facilities were approximately $0.4 million and $0.5 million for the nine months ended September 30, 2012 and 2011, respectively. Estimated lease obligations associated with closed facilities were based on level 2 inputs.

In the three and nine months ended September 30, 2012, the Company recorded net expenses of $0.1 million and $0.8 million, respectively, in selling, general and administrative ("SG&A") expenses and $0.8 million and $1.0 million, respectively, in cost of goods sold for costs associated with restructuring plans including non-cancelable lease obligations, severance, consulting and other related charges.

In the three months ended September 30, 2012, restructuring costs included charges of $0.2 million in the Distribution Segment related to severance and consulting costs offset by a gain of $0.1 million on the sale of one facility. Restructuring charges of $0.8 million related to lease termination charges were recorded in the Engineered Products Segment.

In the nine months ended September 30, 2012, net restructuring costs of $0.3 million were recorded in the Distribution Segment. These costs were related to charges for severance of $0.4 million and consulting and other related charges of $0.3 million offset by a gain of $0.4 million on the sale of four facilities. In the Engineered Products Segment, restructuring charges of $1.0 million were recorded for the nine month period ended September 30, 2012 related to non-cancelable lease costs and termination charges. The Lawn and Garden Segment had $0.5 million of restructuring charges through the first nine months of 2012 for severance costs incurred.

In the three and nine months ended September 30, 2011, the Company recorded expenses of $(0.4) million and $1.3 million, respectively, related to restructuring activities. Restructuring costs in the three months ended September 30, 2011 included charges of $0.5 million in the Distribution Segment related to severance and non-cancelable lease costs offset by a gain of $0.5 million on the sale of a facility. In addition, $0.1 million of restructuring charges were recorded in the Engineered Products Segment. In the nine months ended September 30, 2011, net restructuring costs of $0.7 million in the Distribution Segment related to charges of $1.2 million offset by a gain of $0.5 million from a sale of a facility and a $0.3 million write-down for an idle Lawn and Garden manufacturing facility in the first quarter. In the Engineered Products Segment, restructuring charges of $0.3 million were recorded for the nine month period ended September 30, 2011 related to non-cancelable lease costs.

The amounts for severance and other exit costs associated with restructuring are included in Other Accrued expenses on the accompanying Condensed Consolidated Statements of Financial Position.



	Severance and			Other
(Dollars in thousands)	Personnel			Exit Costs			Total
Balance at January 1, 2012	$	—		$	605		$	605
Provision	783			1,323			2,106
Less: Payments	(783		)	(728		)	(1,511		)
Balance at September 30, 2012	$	—		$	1,200		$	1,200

As a result of restructuring activity including plant closures, approximately $5.7 million of property, plant, and equipment has been classified as held for sale at both September 30, 2012 and December 31, 2011, and is included in other assets in the Condensed Consolidated Statements of Financial Position. The Company is actively pursuing the sale of these facilities.