Restructuring

The following summarizes our restructuring plans announced in prior fiscal years. We recognize restructuring expenses as incurred. In addition, we assess the property, plant and equipment associated with the related facilities for impairment. Additional information regarding our restructuring plans is included in our Annual Report on Form 10-K for the year ended March 31, 2011, filed with the SEC on May 27, 2011.

Fiscal 2010 Restructuring Plan.

During the fourth quarter of fiscal 2010 we adopted a restructuring plan primarily related to the transfer of the remaining operations in our Erie, Pennsylvania facility to the U.S. headquarters in Mentor, Ohio and the consolidation of our European Healthcare manufacturing operations into two central locations within Europe (the “Fiscal 2010 Restructuring Plan”). In addition, we rationalized certain products and eliminated certain positions.

Since the inception of the Fiscal 2010 Restructuring Plan, we have incurred pre-tax expenses totaling $8,309 related to these actions, of which $7,250 was recorded as restructuring expenses and $1,059 was recorded in cost of revenues. We also expect to incur an additional $2,200 by the end of fiscal 2012. These actions are intended to enhance profitability and improve efficiencies.

The following tables summarize our total pre-tax restructuring expenses for the first quarter of fiscal 2012 and fiscal 2011:



Three Months Ended June 30, 2011	Fiscal 2010 Restructuring Plan (1)			Fiscal 2008 Restructuring Plan			Total
Severance, payroll, and other related costs	$	(55	)	$	—		$	(55	)
Product rationalization	335			—			335
Asset impairment and accelerated depreciation	92			—			92
Lease termination obligation and other	—			(152		)	(152		)
Total restructuring charges	$	372		$	(152	)	$	220


(1)	Includes $(38) in charges recorded in cost of revenues on Consolidated Statements of Income.



Three Months Ended June 30, 2010	Fiscal 2010 Restructuring Plan (1)
Severance, payroll, and other related costs	$	(17	)
Asset impairment and accelerated depreciation	356
Other	7
Total restructuring charges	$	346


(1)	Includes $5 in charges recorded in cost of revenues on Consolidated Statements of Income.

Liabilities related to restructuring activities are recorded as current liabilities on the accompanying Consolidated Balance Sheets within “Accrued payroll and other related liabilities” and “Accrued expenses and other.” The following table summarizes our liabilities related to these restructuring activities:



	Fiscal 2010 Restructuring Plan
			Fiscal 2012
	March 31, 2011		Provision			Payments/ Impairments (1)			June 30, 2011
Severance and termination benefits	$	1,993	$	(55	)	$	(566	)	$	1,372
Product rationalization	—		335			(335		)	—
Asset impairments	—		92			(92		)	—
Lease termination obligations	1,790		—			152			1,942
Other	193		—			2			195
Total	$	3,976	$	372		$	(839	)	$	3,509

(1) Certain amounts reported include the impact of foreign currency movements relative to the U.S. dollar.