SPECIAL CHARGES (GAINS), NET

12 Months Ended

Dec. 31, 2012

7. SPECIAL CHARGES (GAINS), NET

The Company's Industrial Products segment incurred severance, personnel and other exit costs related to the planned closing and relocation of one of our smaller distribution centers to a new, significantly larger distribution and call center in the second quarter of 2012. These costs were recorded as special charges within the Industrial Products segment. The balance of the restructuring reserves is included in the Consolidated Balance Sheet within accrued expenses and other current liabilities and other liabilities. The Company anticipates incurring minimal additional costs related to this facility closing and relocation.

The following table details the associated liabilities incurred related to this plan (in millions):

	Severance and Personnel Costs			Other Exit Costs			Total
Balance January 1, 2012	$	-		$	-		$	-
Charged to expense		0.3			1.9			2.2
Paid or otherwise settled		(0.1	)		(0.3	)		(0.4	)
Balance December 31, 2012	$	0.2		$	1.6		$	1.8

The Company's North America Technology Products segment incurred $35.3 million of one-time impairment charges related to certain intangible assets and goodwill of CompUSA and Circuit City in the fourth quarter of 2012 (See Note 2 of Notes to Consolidated Financial Statements), costs associated with senior staffing changes for which no future services will be rendered, and additional legal and professional fees related to the previously disclosed completed investigation and settlement with a former officer and director and in pursuing related matters. The legal and professional fees and restructuring costs, for the year ended December 31, 2012, were approximately $2.2 million and were offset by a $5.0 million insurance recovery relating to action taken by a former officer and director. The Company also incurred $1.8 million of patent settlements with non-practicing entities. These costs were recorded as special charges in the Technology Products segment.

The Company's North America Technology Products segment also incurred severance and other exit costs and asset write downs of approximately $0.5 million and $4.6 million, respectively, related to the exit from the PC manufacturing business in the fourth quarter of 2012. These costs were recorded as special charges in the Technology Products segment. The balance of the exit costs of $0.5 million is included in the Consolidated Balance Sheet within accrued expenses and other current liabilities. The Company anticipates incurring minimal additional costs related to this facility closing.

The Company's European Technology Products segment incurred severance and other exit costs related to workforce reductions in order to implement the shared services center in Europe. These costs, incurred in the fourth quarter of 2012, were approximately $4.7 million and were included as special charges. The balance of the restructuring reserves is included in the Consolidated Balance Sheet within accrued expenses and other current liabilities. The Company anticipates incurring additional costs related to this restructuring..

The following table details the associated liabilities incurred related to this plan (in millions):

	Severance and Other Exit Costs
Balance January 1, 2012	$	-
Charged to expense		4.7
Paid or otherwise settled		(0.9)
Balance December 31, 2012	$	3.8

- 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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