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Impairment of Long-lived Assets and Insurance Recoveries
9 Months Ended
Sep. 30, 2012
Impairment of Long Lived Assets and Insurance Recoveries [Abstract]  
Impairment of Long-lived Assets and Insurance Recoveries
Note 6 – Impairment of Long-lived Assets and Insurance Recoveries
 
During the three and nine-month periods ended September 30, 2012, the Company recorded total impairment charges in the amount of $4,500 and $4,527, respectively.
 
For the three and nine-month periods ended September 30, 2012, impairment charges of $4,281 are included in Impairment of long-lived assets on the Consolidated Statements of Comprehensive Income. The impairment of long-lived assets includes $3,763 related to impairments of intangible assets and $518 related to an impairment of fixed assets. The intangible asset impairment charges are for customer relationship intangible assets at Company locations currently being restructured for which projected cash flows do not support the carrying values. The Company recorded the customer relationship impairment charges in the Americas and Europe operating segments in the amounts of $2,350 and $1,413, respectively. The fixed asset impairment charge of $518 relates to Company-owned real estate in the Corporate segment that is "held for sale" under ASC 360 and which was written down to its estimated market value during the third quarter of 2012.
 
For the three and nine-month periods ended September 30, 2012, impairment charges of $219 and $246, respectively, are included in Acquisition integration and restructuring expenses on the Consolidated Statements of Comprehensive Income. These impairment charges relate to building improvements at Company facilities that are being combined with other operating facilities or shut-down and relate to the Company's ongoing restructuring and cost reduction initiatives. No restructuring related impairment charges were recorded during the three-month period ended September 30, 2011, however, $246 was recorded during the nine-month period ended September 30, 2011 related to building improvements at Company facilities that were combined with other operating facilities. See Note 12 – Acquisition Integration and Restructuring.
 
The Company maintains insurance coverage for property loss, business interruption, and directors and officers liability and records insurance recoveries in the period in which the insurance carrier validates the claim and confirms the amount of reimbursement to be paid. The Company did not receive any insurance settlements during the three or nine-month periods ended September 30, 2012. During the three-month period ended September 30, 2011, the Company did not receive any insurance settlements. However, in the nine-month period ended September 30, 2011, the Company received insurance settlements of $204, related to the recovery of legal fees for employment related issues and a final settlement on a 2010 property loss. The insurance recoveries are reflected in Selling, general and administrative expenses in the Consolidated Statements of Comprehensive Income.