Acquisition Integration and Restructuring

3 Months Ended

Mar. 31, 2013

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 Company continued its cost reduction efforts and incurred additional costs for facility closings and employee termination expenses during the years 2009 through 2012 and the first quarter of 2013.

The following table summarizes the accruals recorded, adjustments, and the cash payments during the three-month period ended March 31, 2013, related to cost reduction and restructuring actions initiated during 2008, 2010, 2011, 2012 and 2013. The adjustments are comprised principally of changes to previously recorded expense accruals. The remaining reserve balance of $4,201 is included on the Consolidated Balance Sheets at March 31, 2013 as follows: $2,487 in Accrued expenses and $1,714 in Other long-term liabilities.

	Employee			Lease
	Terminations			Obligations			Total
Actions Initiated in 2008
Liability balance at December 31, 2012	$	--		$	2,761		$	2,761
Adjustments		--			52			52
Cash payments		--			(203	)		(203	)
Liability balance at March 31, 2013	$	--		$	2,610		$	2,610
Actions Initiated in 2010
Liability balance at December 31, 2012	$	402		$	--		$	402
Adjustments		(8	)		--			(8	)
Cash payments		(394	)		--			(394	)
Liability balance at March 31, 2013	$	--		$	--		$	--
Actions Initiated in 2011
Liability balance at December 31, 2012	$	15		$	--		$	15
Adjustments		(15	)		--			(15	)
Liability balance at March 31, 2013	$	--		$	--		$	--
Actions Initiated in 2012
Liability balance at December 31, 2012	$	1,390		$	1,187		$	2,577
New accruals		6			--			6
Adjustments		(5	)		21			16
Cash payments		(860	)		(239	)		(1,099	)
Liability balance at March 31, 2013	$	531		$	969		$	1,500
Actions Initiated in 2013
Liability balance at December 31, 2012	$	--		$	--		$	--
New accruals		218			--			218
Adjustments		(1	)		--			(1	)
Cash payments		(126	)		--			(126	)
Liability balance at March 31, 2013	$	91		$	--		$	91

The combined expenses for the cost reduction and restructuring actions initiated in 2008, 2010, 2011, 2012, and 2013 shown above was $268 for the three-month period ended March 31, 2013. In addition, the Company recorded legal costs of $19 and reversed reserves of $40 related to a facility closure during the three-month period ended March 31, 2013. The total expenses for the three-month period ended March 31, 2013 was $247 and is presented as Acquisition integration and restructuring expense in the Consolidated Statements of Comprehensive Income (Loss).

The expenses for the three-month periods ended March 31, 2013 and March 31, 2012 and the cumulative expense since the cost reduction program's inception were recorded in the following segments:

					Asia
	Americas		Europe		Pacific			Corporate		Total
Three months ended March 31, 2013	$	213	$	75	$	(41	)	$	--	$	247
Three months ended March 31, 2012	$	718	$	331	$	35		$	--	$	1,084
Cumulative since program inception	$	15,962	$	7,049	$	1,258		$	1,911	$	26,180