Restructuring Charges

9 Months Ended

Sep. 30, 2011

Note 12 – Restructuring Charges

The Company has undertaken initiatives to restructure its business operations with the intention of improving utilization and realizing cost savings in the future. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails, among other activities, moving production between facilities, reducing staff levels, realigning business processes and reorganizing management.

The Company recognized restructuring charges during 2011, 2010 and 2009 primarily related to capacity reduction and reductions in workforce in certain facilities worldwide. These charges were recorded pursuant to plans developed and approved by management. The Company expects to incur approximately $3.4 million in additional restructuring charges primarily related to the closure of the Dublin facility during the fourth quarter of 2011.

The following table summarizes the 2011 activity in the accrued restructuring balances related to the various restructuring activities described above:


	Balance as of								Foreign		Balance as of
	December 31,		Restructuring			Cash			Exchange		September 30,
(in thousands)	2010		Charges			Payment			Adjustments		2011

2011 Restructuring:
Severance	$	—	$	1,075		$	(1,251	)	$	9	$	(167	)
		—		1,075			(1,251	)		9		(167	)
2010 Restructuring:
Severance		1,767		(503	)		(1,311	)		87		40
Other exit costs		709		74			(770	)		3		16
		2,476		(429	)		(2,081	)		90		56
2009 Restructuring:
Lease facility costs		1,506		—			(542	)		68		1,032
Other exit costs		27		(21	)		(6	)		—		—
		1,533		(21	)		(548	)		68		1,032
Total	$	4,009	$	625		$	(3,880	)	$	167	$	921