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Restructuring And Impairment Costs | 3 Months Ended
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Jun. 30, 2012
Restructuring Costs [Abstract] |
Restructuring And Impairment Costs | RESTRUCTURING AND IMPAIRMENT COSTS During fiscal years 2011 and 2012, Universal recorded approximately $33 million of restructuring and impairment costs related to various initiatives to adjust operations and reduce costs. Approximately $12 million of those costs related to the closing of the Company’s leaf tobacco processing facility in Canada. The remaining amounts were associated with various other cost reduction initiatives, including voluntary early retirement offers and involuntary separations at the Company’s headquarters and operating locations in the United States, South America, Africa, Europe, and Asia, as well as costs related to the termination of a business arrangement with a supplier and processor of tobacco in Europe in response to market changes. The restructuring and impairment costs primarily related to operating subsidiaries that are part of the North America and Other Regions reportable segments. No restructuring or impairment costs were recorded during the three months ended June 30, 2012. A summary of the restructuring costs recorded during the three months ended June 30, 2011, is as follows:
(in thousands of dollars) |  | Three Months Ended June 30, 2011
Employee termination benefits |  | $ | 3,762 |
Other restructuring costs |  | 3,097 |
Total |  | $ | 6,859 |
A reconciliation of the Company’s liability for the employee termination benefits and other restructuring costs discussed above for the three months ended June 30, 2012 and 2011, is as follows:
(in thousands of dollars) |  | Employee Termination Benefits |  | Other Costs |  | Total
Balance at beginning of year |  | $ | 6,386 |  |  | $ | 225 |  |  | $ | 6,611 |
Costs charged to expense |  | 3,762 |  |  | 3,097 |  |  | 6,859 |
Payments |  | (5,194 | ) |  | (36 | ) |  | (5,230 | )
Balance at June 30, 2011 |  | $ | 4,954 |  |  | $ | 3,286 |  |  | $ | 8,240 |
Balance at beginning of year |  | $ | 1,271 |  |  | $ | 291 |  |  | $ | 1,562 |
Payments |  | (782 | ) |  | (216 | ) |  | (998 | )
Balance at June 30, 2012 |  | $ | 489 |  |  | $ | 75 |  |  | $ | 564 |
Most of the restructuring liability remaining at June 30, 2012 is expected to be paid by the end of the current fiscal year. Universal continually reviews its business for opportunities to realize efficiencies, reduce costs, and realign its operations in response to business changes. The Company may incur additional restructuring costs and asset impairment charges in future periods as business changes occur and additional cost savings initiatives are implemented.

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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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