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Restructuring

12 Months Ended

Dec. 31, 2011

NOTE 14 — RESTRUCTURING

During fiscal 2010 and 2009, the Company announced restructuring initiatives. As of December 31, 2011 and 2010, the Company’s total restructuring accrual was $0.3 million and $2.5 million, respectively, and was included in accrued liabilities other on the consolidated balance sheets. There were no new restructuring activities initiated in fiscal 2011. The Company continues to review its business for opportunities to reduce operating expenses and focus on executing its strategy based on core competencies and cost efficiencies.

2010 Plan

During the second quarter of 2010, the Company announced restructuring initiatives focused on aligning the Company’s cost base with revenues and other functional reorganizations and recorded $4.6 million in restructuring charges related to a global reduction in force across all functions. The total restructuring charge was $4.6 million in the year ended December 31, 2010 and these actions are expected to be completed by June 30, 2012.

2009 Plan

In July 2009, the Company began an initiative to consolidate a number of manufacturing and distribution operations into the Company’s University Park, Illinois, plant. The Company recorded an additional $0.4 million in charges related to the 2009 plan in 2010. The Company completed these actions as of December 31, 2010.

The following table summarizes the 2010 restructuring charges by segment and the total charges estimated to be incurred ($ in millions):


Group	Pre-Tax Restructuring Charges at December 31, 2010		Estimate of Total Charges
Environmental Solutions	$	0.8	$	0.8
Safety and Security Systems		1.8		1.8
Fire Rescue		0.6		0.6
Federal Signal Technologies		0.6		0.6
Corporate		1.2		1.2

Total restructuring	$	5.0	$	5.0

The following presents an analysis of the restructuring reserves included in other accrued liabilities as of December 31, 2011 and 2010, respectively ($ in millions):


	Severance			Other			Total
2010 Plan
Balance as of December 31, 2009	$	-		$	-		$	-
Charges to selling, general and administrative expenses		3.6			1.0			4.6
Cash payments		(1.7	)		(0.4	)		(2.1	)

Balance as of December 31, 2010	$	1.9		$	0.6		$	2.5

Charges to selling, general and administrative expenses		0.1			(0.1	)		-
Cash payments		(2.0	)		(0.3	)		(2.3	)

Balance as of December 31, 2011	$	-		$	0.2		$	0.2


	Severance			Other			Total
2009 Plan
Balance as of December 31, 2008	$	-		$	-		$	-
Charges to selling, general and administrative expenses		1.1			0.4			1.5
Cash payments		(0.4	)		-			(0.4	)

Balance as of December 31, 2009	$	0.7		$	0.4		$	1.1
Charges to selling, general and administrative expenses		0.4			-			0.4
Cash payments		(1.1	)		(0.4	)		(1.5	)

Balance as of December 31, 2010	$	-		$	-		$	-

Charges to selling, general and administrative expenses		-			-			-
Cash payments		-			-			-

Balance as of December 31, 2011	$	-		$	-		$	-

- 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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