Restructuring

Restructuring and exit costs were recorded in the consolidated statements of operations as follows:



	2011			2010			2009
Restructuring and exit costs:
Custom Sheet and Rollstock	$	609		$	2,585		$	2,711
Packaging Technologies	247			(662		)	623
Color and Specialty Compounds	1,322			5,276			1,593
Corporate	6			91			307
Total restructuring and exit costs	2,184			7,290			5,234
Income tax benefit	(830		)	(2,836		)	(1,986		)
Impact on net earnings from continuing operations	$	1,354		$	4,454		$	3,248

2008 Restructuring Plan

In 2008, the Company announced a restructuring plan to address declines in end-market demand and build a low cost-to-serve model. The plan included the consolidation of production facilities, shutdown of underperforming and non-core operations and reductions in the number of manufacturing and administrative jobs. Since the plan was initiated, the Company has closed a packaging facility in Mankato, Minnesota; compounding facilities in St. Clair, Michigan, and Kearny, New Jersey; and sheet facilities in Richmond, Indiana, Atlanta, Georgia, and Arlington, Texas. The following table summarizes the cumulative restructuring and exit costs incurred to date under the 2008 restructuring plan:



	2011		2010		2009		2008		Cumulative To-Date
Employee severance	$	494	$	1,821	$	3,150	$	827	$	6,292
Facility consolidation and shut-down costs	1,632		3,386		1,667		258		6,943
Fixed asset valuation adjustments, net	58		2,083		417		667		3,225
Total	$	2,184	$	7,290	$	5,234	$	1,752	$	16,460

Employee severance includes costs associated with the reduction in jobs resulting from facility consolidations and shutdowns as well as other job reductions. Facility consolidation and shutdown costs primarily include costs associated with shutting down production facilities, terminating leases and relocating production lines to continuing production facilities. Fixed asset valuation adjustments, net represent the effect from accelerated depreciation for reduced lives on property, plant and equipment and adjustments to the carrying value of assets held for sale to fair value, net of gains or losses on the ultimate sales of the assets.

The Company does not expect to incur any significant additional restructuring and exit costs subsequent to 2011from the 2008 restructuring plan because all of its initiatives announced in conjunction with this plan have been substantially finalized. As of October 29, 2011, the Company had $2,744 of assets held-for-sale, the values of which were estimated at fair value upon sale. The estimated fair value of assets held for sale, which falls within Level 3 of the fair value hierarchy, represents management's best estimate of fair value upon sale and is determined based on broker analyses of prevailing market prices for similar assets.

The Company's total restructuring liability, representing severance and relocation costs, was $382 and $540 at October 29, 2011 and October 30, 2010, respectively. Cash payments for restructuring activities of continuing operations were $1,477 and $4,692 for the years ended October 29, 2011 and October 30, 2011, respectively.