XML 73 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
RELOCATION
12 Months Ended
Dec. 31, 2011
RELOCATION

24. RELOCATION

On August 16, 2011, we announced our plan to relocate certain corporate and operational related support functions from our Breinigsville, Pennsylvania office to our corporate headquarters located in Houston, Texas. Pursuant to the terms of the plan, approximately 50 employees have been or will be affected as a result of this relocation activity and have or will receive severance benefits, including medical and dental coverage, outplacement services and counselling. Additionally, certain employees will receive a one-time retention payment. The receipt of the severance and retention payments is contingent upon each employee working until their termination date. The severance and retention bonuses are accounted for in accordance with Accounting Standards Codification (“ASC”) 712, Compensation—Nonretirement Postemployment Benefits and ASC 420, Exit or Disposal Cost Obligations, respectively.

As of December 31, 2011, we accrued $1.0 million for the severance and retention payments earned during the period for which the liability and expense will be recognized ratably over the future service period. Additionally, we recorded a relocation expense of $0.6 million related to relocation costs of transition staffing, travel, and other relocation costs. These expenses were recorded in general and administrative expenses in our consolidated statement of operations for the period ending December 31, 2011. These relocation costs will be allocated to each business segment, except for the International Operations segment. We expect to incur additional expenses of approximately $6.0 million in the aggregate through the completion of the relocation in July 2013.