Rationalization Charges

6 Months Ended

Jun. 30, 2011

Note 3. Rationalization Charges

As part of our plans to rationalize certain facilities, we have established reserves for employee severance and benefits and plant exit costs. Activity in our rationalization reserves since December 31, 2010 is summarized as follows:

	Employee			Plant			Non-Cash
	Severance			Exit			Asset
	and Benefits			Costs			Write-Down			Total
	(Dollars in thousands)

Balance at December 31, 2010	$	11,056		$	217		$	-		$	11,273

Activity for the Six Months Ended June 30, 2011
Prior Years’ Rationalization Plan Reserves Established		1,990			616			1,495			4,101
Prior Years’ Rationalization Plan Reserves Utilized		(4,254	)		(455	)		(1,495	)		(6,204	)
Currency Translation		800			-			-			800
Total Activity		(1,464	)		161			-			(1,303	)

Balance at June 30, 2011	$	9,592		$	378		$	-		$	9,970

Rationalization reserves are included in the Condensed Consolidated Balance Sheets as follows:

	June 30,		June 30,		Dec. 31,
	2011		2010		2010
	(Dollars in thousands)

Accrued liabilities	$	9,970	$	1,911	$	11,273
Other liabilities		-		2,779		-
	$	9,970	$	4,690	$	11,273

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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