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Plans of Restructuring
6 Months Ended
Jun. 29, 2013
Restructuring and Related Activities [Abstract]  
Plans of Restructuring

Note 8Plans of Restructuring

 

During the years ended December 29, 2012 and December 25, 2010, we incurred restructuring costs of $15.2 million ($10.5 million after taxes) and $12.3 million ($8.3 million after taxes), respectively. These costs consisted of employee severance pay and benefits related to the elimination of approximately 200 positions and 184 positions, respectively; facility closing costs, representing primarily lease terminations and property and equipment write-off costs; and outside professional and consulting fees directly related to the restructuring plan. These restructuring programs are complete and we do not expect any additional costs from these programs.

 

The costs associated with these restructurings are included in a separate line item, “Restructuring costs” within our consolidated statements of income.

 

The following table shows the amounts expensed and paid for restructuring costs that were incurred during the six months ended June 29, 2013 and during our 2012, 2011 and 2010 fiscal years and the remaining accrued balance of restructuring costs as of June 29, 2013, which is included in Accrued expenses: Other and Other liabilities within our consolidated balance sheet:

     Facility  
   Severance Closing  
   Costs Costs Total
Balance, December 26, 2009  $2,267 $2,030 $4,297
Provision   8,930  3,355  12,285
Payments and other adjustments   (9,205)  (3,034)  (12,239)
Balance, December 25, 2010  $1,992 $2,351 $4,343
Provision   -  -  -
Payments and other adjustments   (1,423)  (1,800)  (3,223)
Balance, December 31, 2011  $569 $551 $1,120
Provision   12,841  2,351  15,192
Payments and other adjustments   (11,584)  (1,671)  (13,255)
Balance, December 29, 2012  $1,826 $1,231 $3,057
Provision   -  -  -
Payments and other adjustments   (1,173)  (621)  (1,794)
Balance, June 29, 2013  $653 $610 $1,263
           

The following table shows, by reportable segment, the restructuring costs incurred during the six months ended June 29, 2013 and the fiscal years 2012, 2011 and 2010 and the remaining accrued balance of restructuring costs as of June 29, 2013:

      Technology and  
   Health Care Value-Added   
   Distribution Services Total
Balance, December 26, 2009  $4,225 $72 $4,297
Provision   12,063  222  12,285
Payments and other adjustments   (11,945)  (294)  (12,239)
Balance, December 25, 2010  $4,343 $- $4,343
Provision   -  -  -
Payments and other adjustments   (3,223)  -  (3,223)
Balance, December 31, 2011  $1,120 $- $1,120
Provision   14,981  211  15,192
Payments and other adjustments   (13,058)  (197)  (13,255)
Balance, December 29, 2012  $3,043 $14 $3,057
Provision   -  -  -
Payments and other adjustments   (1,780)  (14)  (1,794)
Balance, June 29, 2013  $1,263 $- $1,263

We expect that a majority of the liability balance at June 29, 2013 will be paid in 2013.