Restructuring Costs

12 Months Ended

Dec. 31, 2012

Restructuring and Related Activities [Abstract]

Note 7. Restructuring Costs

The Company initiated restructuring programs in 2007, 2009, and 2011. A reconciliation of the remaining restructuring liability relating to those programs as of December 31, 2012, is as follows:

(millions of dollars)	Balance as of December 31, 2011		Additional Provisions (Reversals)		Cash Expenditures				Balance as of December 31, 2012
Contract termination costs	$	0.8	$	--	$	(0.6	)	$	0.2
Severance and other employee benefits		0.6		--		(0.5	)		0.1
	$	1.4	$	--	$	(1.1	)	$	0.3

Approximately $1.1 million and $2.5 million in restructuring payments were paid in 2012 and 2011, respectively. A restructuring liability of $0.3 million remains at December 31, 2012. Such amounts will be funded from operating cash flows.

- 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.

+ References+ Details