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FACILITIES CONSOLIDATION AND SEVERANCE

9 Months Ended

Sep. 30, 2012

FACILITIES CONSOLIDATION AND SEVERANCE

NOTE 14 – FACILITIES CONSOLIDATION AND SEVERANCE

In the second quarter of 2009, the Company announced a plan to consolidate two French dispensing closure manufacturing facilities and several sales offices in North America and Europe and has subsequently expanded the program to include additional headcount reductions. The total costs associated with the consolidation/severance programs are $7.4 million. The plan has been substantially completed, subject to the settlement of remaining reserve balances.

As of September 30, 2012 we have recorded the following activity associated with our consolidation/severance programs:

	Beginning		Net Charges for									Ending
	Reserve at		the Nine Months									Reserve at
	12/31/11		Ended 9/30/12			Cash Paid			FX Impact			9/30/12

Employee severance	$	1,130	$	(209	)	$	(40	)	$	(3	)	$	878
Other costs	17		(6		)	—			—			11
Totals	$	1,147	$	(215	)	$	(40	)	$	(3	)	$	889

- 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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