XML 147 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring and Other Charges
6 Months Ended
Jun. 30, 2013
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES
RESTRUCTURING AND OTHER CHARGES

The components of restructuring and other charges, net in the three and six months ended June 30, 2013 and 2012, respectively, were as follows:
 
Three months ended June 30,
 
Six months ended June 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Restructuring charges, net:
 
 
 
 
 
 
 
Severance and employee-related costs
$

 
7,142

 
$

 
7,142

Contract termination costs

 

 

 
865

Total
$

 
7,142

 
$

 
8,007


During the second quarter of 2012, we approved a plan to eliminate approximately 350 employees, primarily in the U.S., as a result of cost containment actions. These actions resulted in the payment of severance and other termination benefits, which have been completed. During the first half of 2012, we also recorded exit costs of $0.9 million associated with non-essential leased facilities assumed in the Hill Hire acquisition.

Activity related to restructuring reserves including discontinued operations was as follows:
 
 
 
 
 
Deductions
 
 
 
 
 
December 31, 2012
 
Additions
 
Cash
Payments
 
Non-Cash Reductions (1)
 
Foreign
Translation
Adjustments
 
June 30, 2013
 
Balance
 
 
 
 
 
Balance
 
(In thousands)      
Employee severance and benefits
$
3,147

 

 
2,164

 

 
(158
)
 
825

Contract termination costs
1,728

 

 
1,168

 

 
(99
)
 
461

Total
$
4,875

 

 
3,332

 

 
(257
)
 
1,286


_________________________ 
(1) Non-cash reductions represent adjustments to the restructuring reserve as actual costs were less than originally estimated. 

At June 30, 2013, the majority of outstanding restructuring obligations are required to be paid by the end of the year.

As mentioned in Note (U), "Segment Reporting," our primary measure of segment financial performance excludes, among other items, restructuring and other charges, net. However, the applicable portion of the restructuring and other charges, net that related to each segment for the three and six months ended June 30, 2013 and 2012, respectively, were as follows:
 
Three months ended June 30,
 
Six months ended June 30,
 
2013
 
2012
 
2013
 
2012
 
(In thousands)
Fleet Management Solutions
$

 
5,482

 
$

 
6,347

Supply Chain Solutions

 
1,400

 

 
1,400

Central Support Services (CSS)

 
260

 

 
260

      Total
$

 
7,142

 
$

 
8,007