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Corporate Restructuring and Other Organizational Changes
 6 Months Ended
Jun. 30, 2012
Corporate Restructuring and Other Organizational Changes

8. Corporate Restructuring and Other Organizational Changes

During the three and six months ended June 30, 2012, the Company reduced its headcount by 90 and 269 employees, respectively, as a part of its integration with newly acquired S1. In connection with these actions, approximately $3.4 million and $9.6 million of termination costs were recognized in general and administrative expense in the accompanying consolidated statements of operations during the three and six months ended June 30, 2012, respectively. The charges, by segment, were as follows for the three months ended June 30, 2012: $1.7 million in the Americas segment, $1.6 million in the EMEA segment, and $0.1 million in the Asia/Pacific segment. The charges, by segment, were as follows for the six months ended June 30, 2012: $4.3 million in the Americas segment, $4.5 million in the EMEA segment, and $0.8 million in the Asia/Pacific segment. Approximately $5.1 million and $6.0 million of these termination costs were paid during the three and six months ended June 30, 2012, respectively. The remaining liability is expected to be paid over the next 12 months.

The components of corporate restructuring and other reorganization charges from the acquisition of S1 are included in the following table (in thousands):

 

     Termination
Benefits		  

Balance, December 31, 2011

    $ —     

Additional restructuring charges incurred

      9,627   

Amounts paid during the period

      (5,973 ) 

Other (1)

      (81 ) 
  

 

 

  

Balance, June 30, 2012

    $ 3,573   
  

 

 

  

 

(1) Other includes the impact of foreign currency translation.

The liability is included in accrued employee compensation in the accompanying condensed consolidated balance sheet at June 30, 2012.