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Restructuring And Other Impairment Charges | 12 Months Ended
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Dec. 31, 2011
Restructuring And Other Impairment Charges [Abstract] |
Restructuring And Other Impairment Charges | Note 4 — Restructuring and other impairment charges The amounts recognized in restructuring and other impairment charges for 2011, 2010 and 2009 consisted of the following:
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (Dollars in thousands) |
2011 restructuring program |  | $ | 4,134 |  |  | $ | — |  |  | $ | — |
2007 ARROW integration program |  |  | 461 |  |  |  | 2,875 |  |  |  | 6,991 |
Aggregate impairment charges — investments and certain fixed assets |  |  | 2,497 |  |  |  | — |  |  |  | 3,356 |
Restructuring and other impairment charges |  | $ | 7,092 |  |  | $ | 2,875 |  |  | $ | 10,347 |
2011 Restructuring Program During the fourth quarter of 2011, the Company initiated a restructuring program at four facilities to consolidate operations and reduce costs. In connection with this program, the Company recorded contract termination costs of approximately $2.6 million associated with a lease termination, as the Company has vacated 50% of the premises as of December 31, 2011. In addition, the Company has recorded approximately $1.5 million for employee termination benefits for workforce consolidations. In 2012, the Company expects to incur additional contract termination costs of approximately $2.7 million when it has completely exited the leased facility, approximately $1.1 million for facility closure costs related to the other facilities, an additional $0.3 million for termination benefits and $0.5 million for other costs in connection with the program. All of the employee termination benefits, facility closure costs and other costs will be paid in 2012. The payment of the contract termination costs associated with the lease termination will continue until 2015. 2007 ARROW Integration Program The charges associated with the 2007 ARROW integration program that were included in restructuring and other impairment charges for the years ended 2011, 2010, and 2009 were as follows:
|  | 2011 |  |  | 2010 |  |  | 2009 |
|  | (Dollars in thousands) |
Termination benefits |  | $ | (16 | ) |  | $ | 1,015 |  |  | $ | 4,033 |
Facility closure costs |  |  | 166 |  |  |  | 812 |  |  |  | 577 |
Contract termination costs |  |  | 311 |  |  |  | 1,503 |  |  |  | 1,622 |
Asset impairments |  |  | — |  |  |  | — |  |  |  | 42 |
Gain on sale of assets |  |  | — |  |  |  | (458 | ) |  |  | — |
Other restructuring costs |  |  | — |  |  |  | 3 |  |  |  | 759 |
|  | $ | 461 |  |  | $ | 2,875 |  |  | $ | 7,033 |
A reconciliation of the changes in accrued liabilities associated with the 2007 ARROW integration program from December 31, 2009 through December 31, 2011 is set forth in the following tables:
|  | Termination benefits |  |  | Facility Closure Costs |  |  | Contract Termination Costs |  |  | Other Restructuring Costs |  |  | Total |
|  | (Dollars in thousands) |
Balance at December 31, 2009 |  | $ | 2,183 |  |  | $ | 302 |  |  | $ | 687 |  |  | $ | 23 |  |  | $ | 3,195 |
Subsequent accruals |  |  | 1,015 |  |  |  | 812 |  |  |  | 1,503 |  |  |  | 3 |  |  |  | 3,333 |
Cash payments |  |  | (2,508 | ) |  |  | (1,097 | ) |  |  | (28 | ) |  |  | (3 | ) |  |  | (3,636 | )
Foreign currency translation |  |  | (90 | ) |  |  | (17 | ) |  |  | (24 | ) |  |  | (1 | ) |  |  | (132 | )
Balance at December 31, 2010 |  |  | 600 |  |  |  | — |  |  |  | 2,138 |  |  |  | 22 |  |  |  | 2,760 |
Subsequent accruals |  |  | (16 | ) |  |  | 166 |  |  |  | 311 |  |  |  | — |  |  |  | 461 |
Cash payments |  |  | (268 | ) |  |  | (166 | ) |  |  | (414 | ) |  |  | — |  |  |  | (848 | )
Foreign currency translation |  |  | 4 |  |  |  | — |  |  |  | 98 |  |  |  | (1 | ) |  |  | 101 |
Balance at December 31, 2011 |  | $ | 320 |  |  | $ | — |  |  | $ | 2,133 |  |  | $ | 21 |  |  | $ | 2,474 |
As of December 31, 2011, the Company expects future restructuring expenses associated with the 2007 ARROW integration program, if any, to be nominal. Impairment Charges During 2011, the Company recognized net impairment charges of $2.5 million related to the decline in value of its investments in affiliates that are considered to be other than temporary. In making this determination, the Company considered multiple factors, including its intent and ability to hold investments, operating losses of investees that demonstrate an inability to recover the carrying value of the investments, the investee's liquidity and cash position and market acceptance of the investee's products and services. During the third quarter of 2009, based on continued deterioration in the California real estate market, the Company recorded $3.3 million in impairment charges to fully write off an investment in a real estate venture in California. The Company initially invested in the venture in 2004 by contributing property and other assets that had been part of one of its former manufacturing sites.

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- Definition The entire disclosure for aggregate costs incurred during the period for restructuring, remediation, implementation, integration and asset impairment activities. Description of restructuring activities such as exit and disposal activities, could 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. This would also include disclosure of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. + References No definition available. + Details
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