Impairment of Long-lived Assets

6 Months Ended

Jun. 30, 2013

Impairment of Long lived Assets [Abstract]

Impairment of Long-lived Assets

Note 6 – Impairment of Long-lived Assets

During the three and six-month periods ended June 30, 2013, the Company recorded impairment charges of $466 and $502, respectively.  During the second quarter of 2013, the Company recorded an impairment charge of $466 in the Americas operating segment for a customer relationship intangible asset for which future cash flows did not support the carrying value. During the first quarter of 2013, the Company recorded impairment charges of $27 and $9, for customer relationship and trade name assets, respectively, in the Asia Pacific operating segment. The first quarter impairment charges reflect the Company’s decision to close the Seoul, Korea office acquired in its 2011 Brandimage acquisition. The impairment charges are included in Impairment of long-lived assets in the Consolidated Statements of Comprehensive Income (Loss).

For the six-month period ended June 30, 2012, the Company recorded impairment charges of $27 related to leasehold improvements no longer being utilized as a result of certain office consolidations. During the three-month period ended June 30, 2012, the Company reduced the impairment charge reported during the first quarter of 2012 by $38 to properly reflect the total impairment of $27. Since the impairments relate to the Company’s ongoing restructuring and cost reduction initiatives, the impairment charges are included in Acquisition integration and restructuring expenses in the Consolidated Statements of Comprehensive Income (Loss). See Note 12 – Acquisition Integration and Restructuring.