Acquisition Integration and Restructuring

9 Months Ended

Sep. 30, 2012

Acquisition Integration and Restructuring [Abstract]

Acquisition Integration and Restructuring

 Note 12 – Acquisition Integration and Restructuring

In 2008, the Company initiated a cost reduction and restructuring plan involving a consolidation and realignment of its workforce and incurred costs for employee terminations, obligations for future lease payments, fixed asset impairments, and other associated costs. The costs associated with these actions are covered under the Exit or Disposal Cost Obligations Topic of the Codification, ASC 420, and the Compensation – Nonretirement Postemployment Benefits Topic, ASC 712.

The following table summarizes the accruals recorded, adjustments, and the cash payments during the three and nine-month periods ended September 30, 2012, related to cost reduction and restructuring actions initiated during 2008, 2010, 2011 and 2012. The adjustments are comprised principally of changes to previously recorded expense accruals. The remaining reserve balance of $6,413 is included on the Consolidated Balance Sheets at September 30, 2012 as follows: $4,486 in Accrued expenses and $1,927 in Other long-term liabilities.

	Employee			Lease
	Terminations			Obligations			Total
Actions Initiated in 2008
Liability balance at December 31, 2011	$	--		$	2,789		$	2,789
Adjustments		--			420			420
Cash payments		--			(187	)		(187	)
Liability balance at March 31, 2012		--			3,022			3,022
Adjustments		--			60			60
Cash payments		--			(130	)		(130	)
Liability balance at June 30, 2012		--			2,952			2,952
Adjustments		--			58			58
Cash payments		--			(84	)		(84	)
Liability balance at September 30, 2012	$	--		$	2,926		$	2,926
Actions Initiated in 2010
Liability balance at December 31, 2011	$	408		$	--		$	408
Adjustments		10			--			10
Cash payments		(15	)		--			(15	)
Liability balance at March 31, 2012		403			--			403
Adjustments		--			--			--
Cash payments		(9	)		--			(9	)
Liability balance at June 30, 2012		394			--			394
Adjustments		--			--			--
Cash payments		--			--			--
Liability balance at September 30, 2012	$	394		$	--		$	394
Actions Initiated in 2011
Liability balance at December 31, 2011	$	125		$	--		$	125
Adjustments		(7	)		--			(7	)
Cash payments		(103	)		--			(103	)
Liability balance at March 31, 2012		15			--			15
Adjustments		--			--			--
Cash payments		--			--			--
Liability balance at June 30, 2012		15			--			15
Adjustments		--			--			--
Cash payments		--			--			--
Liability balance at September 30, 2012	$	15		$	--		$	15
Actions Initiated in 2012
Liability balance at December 31, 2011	$	--		$	--		$	--
New accruals		538			35			573
Adjustments		13			--			13
Cash payments		(309	)		--			(309	)
Liability balance at March 31, 2012		242			35			277
New accruals		1,608			1,374			2,982
Adjustments		(51	)		13			(38	)
Cash payments		(224	)		(117	)		(341	)
Liability balance at June 30, 2012		1,575			1,305			2,880
New accruals		862			--			862
Adjustments		56			23			79
Cash payments		(460	)		(283	)		(743	)
Liability balance at September 30, 2012	$	2,033		$	1,045		$	3,078

The combined expenses for the cost reduction and restructuring actions initiated in 2008, 2010, 2011 and 2012 shown above were $999 and $5,012 for the three and nine-month periods ended September 30, 2012, respectively. In addition, the Company recorded impairment charges of $219 and $246 during the three and nine-month periods ended September 30, 2012, respectively, related to leasehold improvements at facilities being combined or closed. The Company recorded expenses of $10 for payroll taxes related to employee terminations during the nine-month period ended September 30, 2012. During the nine-month period ended September 30, 2012, in connection with a 2012 office consolidation, the Company reversed reserves totaling $494 related to unfavorable leases and accrued property taxes. The total expenses for the three and nine-month periods ended September 30, 2012 were $1,218 and $4,774, respectively, and are presented as Acquisition integration and restructuring expense in the Consolidated Statements of Comprehensive Income.

The expenses for the nine-month periods ended September 30, 2012 and September 30, 2011 and the cumulative expense since the cost reduction program's inception were recorded in the following segments:

					Asia
	Americas		Europe		Pacific		Corporate		Total
Nine months ended September 30, 2012	$	3,913	$	838	$	22	$	1	$	4,774
Nine months ended September 30, 2011	$	981	$	534	$	--	$	75	$	1,590
Cumulative since program inception	$	15,303	$	6,931	$	1,192	$	1,911	$	25,337