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Severance Costs
9 Months Ended
Sep. 30, 2012
Severance Costs [Abstract]  
Severance Costs
NOTE 12 – SEVERANCE COSTS
 
Headcount Reduction: During the third quarter ended September 30, 2012, we recorded $2.9 million of pre-tax employee separation charges classified as selling, general and administrative expense in connection with the reduction of approximately 150 employees, who were primarily at our corporate headquarters. As of September 30, 2012, substantially all of these amounts had been paid.
 
Executive Severance: We announced on September 25, 2012, that our Board of Directors and Mr. James F. Gooch had agreed that Mr. Gooch would step down from his position as Chief Executive Officer and as a director of the Company, effective immediately. Under Mr. Gooch's employment agreement, he was entitled to a specified cash payment and the accelerated vesting of certain stock awards. During the third quarter ended September 30, 2012, we recorded $5.6 million of pre-tax employee separation charges classified as selling, general and administrative expense in connection with Mr. Gooch's departure. This included a cash charge of $4.0 million that will be paid in the fourth quarter of 2012 and a non-cash charge of $1.6 million related to the accelerated vesting of stock awards.