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RESTRUCTURING CHARGES | 3 Months Ended
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Mar. 31, 2012
RESTRUCTURING CHARGES |
RESTRUCTURING CHARGES |
10. RESTRUCTURING CHARGES In November 2011, we announced a workforce cost reduction program across all of our business segments as a first step in a broader overall profit improvement initiative. These actions were the result of a review of our cost structure aimed at identifying ways to reduce our on-going operating costs and to adjust the size of our workforce to be consistent with current and expected activity levels. A significant portion of the workforce cost reduction program was completed in 2011, with the remainder expected to be completed in 2012. During the three months ended March 31, 2012, we incurred $3.0 million of restructuring charges primarily related to consulting services and termination benefits. These charges are reflected as Restructuring charges in our condensed consolidated statements of operations. We currently estimate that we will incur additional charges with respect to the profit improvement initiative of approximately $1.6 million. We expect all of the estimated additional charges will result in cash expenditures. The following table summarizes the changes to our accrued liability balance related to restructuring charges for the three months ended March 31, 2012 (in thousands):
|  | Restructuring Charges Accrual |
Beginning balance at December 31, 2011 |  | $ | 1,776 |
Additions for costs expensed |  | 3,047 |
Less non-cash expenses |  | (83 | )
Reductions for payments |  | (2,918 | )
Ending balance at March 31, 2012 |  | $ | 1,822 |
Restructuring charges by segment are as follows (in thousands):
|  | North America Contract Operations |  | International Contract Operations |  | Aftermarket Services |  | Fabrication |  | Other(1) |  | Total |
Costs incurred in 2012 |  | $ | 400 |  | $ | 95 |  | $ | 66 |  | $ | 474 |  | $ | 2,012 |  | $ | 3,047 |
Cumulative costs incurred |  | 453 |  | 597 |  | 488 |  | 2,048 |  | 11,088 |  | 14,674 |
Total expected costs |  | 653 |  | 927 |  | 538 |  | 2,198 |  | 11,976 |  | 16,292 |
(1) Includes corporate related items

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=6394695&loc=d3e140864-122747 + Details
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