XML 106 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Summary of Significant Accounting Policies [Abstract] |
Changes in reorganization costs by segment | We recorded net reorganization costs of $48.8, $23.1 and $36.1 in 2012, 2011 and 2010, respectively, in selling and administrative expenses, primarily related to severances and office closures and consolidations in multiple countries. These expenses are net of reversals of previous accruals resulting mainly from larger-than-estimated cost savings from subleasing and lease buyouts. During 2012, we made payments of $36.8 out of our reorganization reserve. We expect a majority of the remaining $41.4 reserve will be paid or utilized in 2013. Changes in the reorganization liability balances for each reportable segment and Corporate are as follows:
|  | Americas(1) |  | Southern Europe(2) |  | Northern Europe |  | APME |  | Right Management |  | Corporate |  | Total |
Balance, January 1, 2011 |  | $ | 7.4 |  | $ | 5.6 |  | $ | 5.0 |  | $ | 0.7 |  | $ | 14.4 |  | $ | 1.1 |  | $ | 34.2 |
Severance costs, net |  |  | 2.1 |  |  | 1.1 |  |  | 5.5 |  |  | 0.5 |  |  | 3.1 |  |  | — |  |  | 12.3 |
Office closure costs, net |  |  | 0.3 |  |  | 0.4 |  |  | 7.7 |  |  | — |  |  | 2.4 |  |  | — |  |  | 10.8 |
Costs paid or utilized |  |  | (5.8 | ) |  | (2.9 | ) |  | (6.4 | ) |  | — |  |  | (11.7 | ) |  | (1.1 | ) |  | (27.9 | )
Balance, December 31, 2011 |  |  | 4.0 |  |  | 4.2 |  |  | 11.8 |  |  | 1.2 |  |  | 8.2 |  |  | — |  |  | 29.4 |
Severance costs, net |  |  | 5.8 |  |  | 2.1 |  |  | 8.3 |  |  | 0.7 |  |  | 3.1 |  |  | 9.2 |  |  | 29.2 |
Office closure costs, net |  |  | 4.0 |  |  | 1.7 |  |  | 4.9 |  |  | — |  |  | 7.8 |  |  | 1.2 |  |  | 19.6 |
Costs paid or utilized |  |  | (9.3 | ) |  | (3.3 | ) |  | (9.4 | ) |  | (1.9 | ) |  | (12.5 | ) |  | (0.4 | ) |  | (36.8 | )
Balance, December 31, 2012 |  | $ | 4.5 |  | $ | 4.7 |  | $ | 15.6 |  | $ | — |  | $ | 6.6 |  | $ | 10.0 |  | $ | 41.4 |
(1) | Balance related to United States was $7.4 as of January 1, 2011. In 2011, United States incurred $1.3 for severance costs and $0.3 for office closure costs and paid/utilized $5.7, leaving a $3.3 liability as of December 31, 2011. In 2012, United States incurred $3.4 for severance costs and $4.0 for office closure costs and paid/utilized $6.9, leaving a $3.8 liability as of December 31, 2012.
(2) | Balance related to France was $5.6 as of January 1, 2011. In 2011, France incurred $0.4 for office closure costs and paid/utilized $2.5, leaving a $3.5 liability as of December 31, 2011. In 2012, France incurred $1.7 for office closure costs and paid/utilized $1.4, leaving a $3.8 liability as of December 31, 2012. Italy had no reorganization liability as of January 1, 2011. In 2011, Italy recorded severance costs of $0.9 and paid out $0.5, leaving a $0.4 liability as of December 31, 2011. In 2012, Italy incurred $0.7 for severance costs and paid $0.2, leaving a $0.9 liability as of December 31, 2012.
Fair value of assets and liabilities measured on a recurring basis | The assets and liabilities measured and recorded at fair value on a recurring basis were as follows:
|  | Fair Value Measurements Using |  | Fair Value Measurements Using |
|  | December 31, 2012 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | December 31, 2011 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 0.4 |  | $ | 0.4 |  | $ | — |  | $ | — |
Foreign currency forward contracts |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Deferred compensation plan assets |  |  | 58.7 |  |  | 58.7 |  |  | — |  |  | — |  |  | 45.2 |  |  | 45.2 |  |  | — |  |  | — |
|  | $ | 58.8 |  | $ | 58.7 |  | $ | 0.1 |  | $ | — |  | $ | 45.6 |  | $ | 45.6 |  | $ | — |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 0.3 |  | $ | — |  | $ | 0.3 |  | $ | — |
|  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 0.3 |  | $ | — |  | $ | 0.3 |  | $ | — |
Fair value of assets measured on a non-recurring basis | We also measured certain non-financial assets on a non-recurring basis, including goodwill and tradenames. In 2010, goodwill and tradenames with a carrying amount of $1,438.2 were written down to their fair value of $1,009.4, resulting in an impairment charge of $428.8 and summarized as follows:
|  | Fair Value Measurements Using |
|  | December 31, 2010 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Losses |
Goodwill |  | $ | 954.1 |  | $ | — |  | $ | — |  | $ | 954.1 |  | $ | (311.6 | )
Tradenames |  |  | 55.3 |  |  | — |  |  | — |  |  | 55.3 |  |  | (117.2 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (428.8 | )
Goodwill and intangible assets | We have goodwill, finite-lived intangible assets and indefinite-lived intangible assets as follows:
|  | 2012 |  | 2011 |
December 31 |  | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |
Goodwill(1) |  | $ | 1,041.3 |  | $ | — |  | $ | 1,041.3 |  | $ | 984.7 |  | $ | — |  | $ | 984.7 |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technology |  | $ | 19.6 |  | $ | 19.6 |  | $ | — |  | $ | 19.6 |  | $ | 19.6 |  | $ | — |
Franchise agreements |  |  | 18.0 |  |  | 16.1 |  |  | 1.9 |  |  | 18.0 |  |  | 14.3 |  |  | 3.7 |
Customer relationships |  |  | 339.0 |  |  | 165.1 |  |  | 173.9 |  |  | 328.0 |  |  | 130.1 |  |  | 197.9 |
Other |  |  | 15.2 |  |  | 12.4 |  |  | 2.8 |  |  | 13.5 |  |  | 12.1 |  |  | 1.4 |
|  |  | 391.8 |  |  | 213.2 |  |  | 178.6 |  |  | 379.1 |  |  | 176.1 |  |  | 203.0 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames(2) |  |  | 54.0 |  |  | — |  |  | 54.0 |  |  | 54.0 |  |  | — |  |  | 54.0 |
Reacquired franchise rights |  |  | 98.0 |  |  | — |  |  | 98.0 |  |  | 97.9 |  |  | — |  |  | 97.9 |
|  |  | 152.0 |  |  | — |  |  | 152.0 |  |  | 151.9 |  |  | — |  |  | 151.9 |
Total intangible assets |  | $ | 543.8 |  | $ | 213.2 |  | $ | 330.6 |  | $ | 531.0 |  | $ | 176.1 |  | $ | 354.9 |
(1) | Balances were net of accumulated impairment loss of $513.4 as of both December 31, 2012 and 2011.
(2) | Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2012 and 2011.
Property and equipment | A summary of property and equipment as of December 31 is as follows:
|  | 2012 |  | 2011 |
Land |  | $ | 6.8 |  | $ | 7.3 |
Buildings |  |  | 21.0 |  |  | 21.5 |
Furniture, fixtures, and autos |  |  | 198.4 |  |  | 194.9 |
Computer equipment |  |  | 169.2 |  |  | 164.4 |
Leasehold improvements |  |  | 308.7 |  |  | 297.5 |
Property and equipment |  | $ | 704.1 |  | $ | 685.6 |

X
- Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -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 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph b -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. + References Reference 1: 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 2: 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 3: 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 4: 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
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration