Management Actions

12 Months Ended

Dec. 31, 2012

Restructuring and Related Activities [Abstract]


3.	Management Actions

2010 Action – During the fourth quarter of 2010, we implemented a restructuring action. A pre-tax charge of $1,671 was recognized in the fourth quarter of 2010 as a result of that action. The pre-tax charge consisted of severance and outplacement services and was included within Selling and Administrative Expense in the 2010 Consolidated Statement of Earnings.

A reconciliation of the beginning and ending liability balances is as follows:



	Severance, Early Retirement and Related Costs
2010 restructuring action	$	1,671
Cash payments	(87		)
December 31, 2010 balance	$	1,584
2011 utilization:
Cash payments	(1,534		)
Foreign currency adjustments	(54		)
Change in estimate	110
December 31, 2011 balance	$	106
2012 utilization:
Cash payments	(102		)
Foreign currency adjustments	(4		)
December 31, 2012 balance	$	—

2012 Action – During the third quarter of 2012, we implemented a restructuring action. A pre-tax charge of $760 was recognized in the third quarter as a result of this action. The pre-tax charge consisted primarily of severance and outplacement services and was included within Selling and Administrative Expense in the Consolidated Statements of Earnings.

A reconciliation of the beginning and ending liability balances is as follows:



	Severance and Related Costs
2012 restructuring action	$	760
Cash payments	(414		)
Foreign currency adjustments	27
December 31, 2012 balance	$	373

- 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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