Restructuring Costs And Other, Net

12 Months Ended

Dec. 31, 2011

Restructuring Costs And Other, Net [Abstract]

Restructuring Costs And Other, Net

3.    RESTRUCTURING COSTS AND OTHER, NET

In May 2009, the Company announced a worldwide restructuring (the "May 2009 Program"), which involved consolidating certain functions; reducing layers of management, where appropriate, to increase accountability and effectiveness; streamlining support functions to reflect the new organizational structure; and further consolidating the Company's office facilities in New Jersey.

During 2009, the Company recorded charges of $21.3 million in restructuring costs and other, net, which were comprised of:

• a $20.8 million charge related to the May 2009 Program;

• $1.3 million of charges related to employee severance and other employee-related termination costs related to restructuring actions in the U.K., Mexico and Argentina announced in the first quarter of 2009 (together with the May 2009 Program, the "2009 Programs"); and

• a $0.8 million charge related to restructuring programs implemented in 2008;

with the foregoing partially offset by

• income of $1.6 million related to the sale of a facility in Argentina in the first quarter of 2009.

During 2010, the Company recorded a $0.3 million adjustment to restructuring costs and other, net, to reflect lower than originally anticipated expenses associated with the May 2009 Program.

The $20.5 million of net charges related to the May 2009 Program has been or is expected to be paid out as follows: $11.0 million paid in 2009, $6.9 million paid in 2010, $1.6 million paid in 2011, and the balance of $1.0 million to be paid thereafter.

Details of the activity described above during 2011, 2010 and 2009 are as follows:

	Balance Beginning  of Year		(Income) Expenses, Net			Utilized, Net							Balance End of  Year
						Cash			Noncash
2011
Employee severance and other personnel benefits:
2009 Programs	$	1.0	$	-		$	(1.0	)	$	-			$	-
Lease exit		1.6		-			(0.6	)		-				1.0
Total restructuring costs and other, net	$	2.6	$	-		$	(1.6	)	$	-			$	1.0
2010
Employee severance and other personnel benefits:
2008 Programs	$	0.3	$	-		$	(0.3	)	$	-			$	-
2009 Programs		7.6		(0.2	)		(6.4	)		-				1.0
		7.9		(0.2	)		(6.7	)		-				1.0
Lease exit		2.3		(0.1	)		(0.6	)		-				1.6
Total restructuring costs and other, net	$	10.2	$	(0.3	)	$	(7.3	)	$	-			$	2.6
2009
Employee severance and other personnel benefits:
2006 Programs	$	0.3	$	-		$	(0.3	)	$-		$	-
2007 Programs		0.1		-			(0.1	)	-			-
2008 Programs		3.0		0.8			(3.5	)	-			0.3
2009 Programs		-		19.5			(11.9	)	-			7.6
		3.4		20.3			(15.8	)	-			7.9
Leases and equipment write-offs		-		2.6			(0.3	)	-			2.3
Total restructuring accrual	$	3.4		22.9		$	(16.1	)	$-		$	10.2
Gain on sale of Argentina facility				(1.6	)
Total restructuring costs and other, net			$	21.3

As of December 31, 2011, 2010 and 2009, the unpaid balance of the restructuring costs and other was included in "Accrued expenses and other" and "Other long-term liabilities" in the Company's Consolidated Balance Sheets. The remaining balance at December 31, 2011 is $1.0 million, of which $0.6 million is expected to be paid by the end of 2012 and the balance of $0.4 million is expected to be paid thereafter.