NOTE 12 — RESTRUCTURING

During 2012 and 2010, the Company announced restructuring initiatives. As of December 31, 2012 and 2011, the Company’s total restructuring accrual was $1.0 million and $0.1 million, respectively, and was included in accrued liabilities other on the consolidated balance sheets. There were no new restructuring activities initiated in 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.

2012 Plan

During the first quarter of 2012, the Company recorded expenses of $0.9 million related to severance costs in the Safety and Security Systems Group. During the fourth quarter of 2012, the Company recorded an additional $0.6 million related to severance costs within corporate expense. These actions are expected to be completed within the next 12 months.

2010 Plan

During 2010, the Company announced restructuring initiatives and other functional reorganizations focused on aligning its cost base with revenues and recorded $4.0 million in restructuring charges related to a global reduction in force across all functions. The Company completed the 2010 plan initiatives in 2012 and released the remaining $0.1 million reserve to income during the second quarter of 2012.

In 2010, the Company also recorded an additional $0.4 million in restructuring charges related to an initiative started in 2009. 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
Environmental Solutions	$	0.8
Safety and Security Systems		1.8
Fire Rescue		0.6
Corporate		1.2

Total restructuring	$	4.4

The following presents an analysis of the restructuring reserves included in other accrued liabilities as of December 31, 2012 and 2011, respectively ($ in millions):


	Severance			Other	Total
2012 Plan
Balance as of December 31, 2011		$-		$ -		$-
Charges to selling, general and administrative expenses		1.5		-		1.5
Cash payments		(0.5	)	-		(0.5	)

Balance as of December 31, 2012	$	1.0		$-	$	1.0


	Severance			Other			Total
2010 Plan
Balance as of December 31, 2009		$-			$-			$-
Charges to selling, general and administrative expenses		3.5			0.5			4.0
Cash payments		(1.6	)		(0.1	)		(1.7	)

Balance as of December 31, 2010	$	1.9		$	0.4		$	2.3

Charges to selling, general and administrative expenses		0.1			(0.1	)		-
Cash payments		(2.0	)		(0.2	)		(2.2	)

Balance as of December 31, 2011		-			0.1			0.1

Charges and adjustments to selling, general and administrative expenses		-			(0.1	)		(0.1	)

Balance as of December 31, 2012		$-			$-			$-