Restructuring Charges

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

During 2012 we initiated additional cost reduction measures in response to global economic conditions. For the three and nine months ended September 30, 2013, we have incurred $5.5 million and $13.7 million, respectively of restructuring expenses which primarily comprised of employee-related costs. Liabilities related to restructuring activities are included in accrued and other liabilities in the consolidated balance sheet.

A rollforward of the Company’s accrual for restructuring activities for the nine months ended September 30, 2013 is as follows:



	Employee Related			Other			Total
Balance at December 31, 2012	$	11,655		$	290		$	11,945
Restructuring charges	9,845			3,885			13,730
Cash payments and utilization	(10,311		)	(3,882		)	(14,193		)
Impact of foreign currency	67			—			67
Balance at September 30, 2013	$	11,256		$	293		$	11,549

- 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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