XML 72 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring And Thailand Flood Related Charges, Net Of Insurance | 12 Months Ended
--- | ---
Dec. 31, 2011
Restructuring And Thailand Flood Related Charges, Net Of Insurance [Abstract] |
Restructuring And Thailand Flood Related Charges, Net Of Insurance | Note 16—Restructuring and Thailand Flood Related Charges, Net of Insurance 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 our business processes and reorganizing our management. The Company recognized restructuring charges during 2011, 2010 and 2009 primarily related to the closure of facilities, capacity reduction and reductions in workforce in certain facilities worldwide. These charges were recorded pursuant to plans developed and approved by management. The following table summarizes the 2011 activity in the accrued restructuring balances related to the various restructuring activities initiated during 2011, 2010 and 2009:
|  | Balance as of |  |  |  |  |  |  |  |  |  |  |  | Foreign |  |  | Balance as of |
|  | December 31, |  |  | Restructuring |  |  | Cash |  |  | Non-Cash |  |  | Exchange |  |  | December 31, |
(in thousands) |  | 2010 |  |  | Charges |  |  | Payment |  |  | Activity |  |  | Adjustments |  |  | 2011 |
2011 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  | $ | — |  |  | $ | 2,386 |  |  | $ | (2,215 | ) |  | $ | — |  |  | $ | 18 |  |  | $ | 189 |
Lease facility costs |  |  | — |  |  |  | 1,958 |  |  |  | (294 | ) |  |  | — |  |  |  | — |  |  |  | 1,664 |
Other exit costs |  |  | — |  |  |  | 514 |  |  |  | (159 | ) |  |  | (355 | ) |  |  | — |  |  |  | — |
|  |  | — |  |  |  | 4,858 |  |  |  | (2,668 | ) |  |  | (355 | ) |  |  | 18 |  |  |  | 1,853 |
2010 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  |  | 1,767 |  |  |  | (503 | ) |  |  | (1,317 | ) |  |  | — |  |  |  | 87 |  |  |  | 34 |
Other exit costs |  |  | 709 |  |  |  | 181 |  |  |  | (872 | ) |  |  | — |  |  |  | 2 |  |  |  | 20 |
|  |  | 2,476 |  |  |  | (322 | ) |  |  | (2,189 | ) |  |  | — |  |  |  | 89 |  |  |  | 54 |
2009 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Lease facility costs |  |  | 1,506 |  |  |  | — |  |  |  | (1,161 | ) |  |  | — |  |  |  | 57 |  |  |  | 402 |
Other exit costs |  |  | 27 |  |  |  | (21 | ) |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 1,533 |  |  |  | (21 | ) |  |  | (1,167 | ) |  |  | — |  |  |  | 57 |  |  |  | 402 |
Total |  | $ | 4,009 |  |  | $ | 4,515 |  |  | $ | (6,024 | ) |  | $ | (355 | ) |  | $ | 164 |  |  | $ | 2,309 |
The components of the restructuring charges initiated during 2011 were as follows:
(in thousands) |  | Americas |  |  | Europe |  |  | Asia |  |  | Total |
Severance costs |  | $ | 421 |  |  | $ | 1,829 |  |  | $ | 136 |  |  | $ | 2,386 |
Facility lease costs |  |  | — |  |  |  | 1,335 |  |  |  | 623 |  |  |  | 1,958 |
Other exit costs |  |  | 22 |  |  |  | 203 |  |  |  | 289 |  |  |  | 514 |
|  | $ | 443 |  |  | $ | 3,367 |  |  | $ | 1,048 |  |  | $ | 4,858 |
During 2011, the Company recognized $2.4 million of employee termination costs associated with the involuntary terminations of 196 employees in connection with reductions in workforce of certain facilities worldwide. In Europe, these involuntary terminations were in connection with the closure of the Dublin, Ireland facility. The identified involuntary employee terminations by reportable geographic region amounted to approximately 107, 38 and 51 for the Americas, Asia and Europe, respectively. The Company also recorded approximately $2.0 million for facility lease obligations and approximately $0.5 million for other exit costs, including $0.4 million of asset impairments associated with the closure of certain leased facilities. The following table summarizes the 2010 activity in the accrued restructuring balances related to the various restructuring activities initiated during 2010 and 2009:
|  | Balance as of |  |  |  |  |  |  |  |  |  |  |  | Foreign |  |  | Balance as of |
|  | December 31, |  |  | Restructuring |  |  | Cash |  |  | Non-Cash |  |  | Exchange |  |  | December 31, |
(in thousands) |  | 2009 |  |  | Charges |  |  | Payment |  |  | Activity |  |  | Adjustments |  |  | 2010 |
2010 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  | $ | — |  |  | $ | 4,164 |  |  | $ | (2,401 | ) |  | $ | — |  |  | $ | 4 |  |  | $ | 1,767 |
Leased facility costs |  |  | — |  |  |  | 494 |  |  |  | (494 | ) |  |  | — |  |  |  | — |  |  |  | — |
Other exit costs |  |  | — |  |  |  | 1,167 |  |  |  | (458 | ) |  |  | — |  |  |  | — |  |  |  | 709 |
|  |  | — |  |  |  | 5,825 |  |  |  | (3,353 | ) |  |  | — |  |  |  | 4 |  |  |  | 2,476 |
2009 Restructuring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Severance |  |  | 1,099 |  |  |  | 134 |  |  |  | (1,235 | ) |  |  | — |  |  |  | 2 |  |  |  | — |
Lease facility costs |  |  | 2,472 |  |  |  | 99 |  |  |  | (835 | ) |  |  | — |  |  |  | (230 | ) |  |  | 1,506 |
Other exit costs |  |  | 113 |  |  |  | 901 |  |  |  | (882 | ) |  |  | (105 | ) |  |  | — |  |  |  | 27 |
|  |  | 3,684 |  |  |  | 1,134 |  |  |  | (2,952 | ) |  |  | (105 | ) |  |  | (228 | ) |  |  | 1,533 |
Total |  | $ | 3,684 |  |  | $ | 6,959 |  |  | $ | (6,305 | ) |  | $ | (105 | ) |  | $ | (224 | ) |  | $ | 4,009 |
The components of the restructuring charges initiated during 2010 were as follows:
(in thousands) |  | Americas |  |  | Europe |  |  | Asia |  |  | Total |
Severance costs |  | $ | 1,388 |  |  | $ | 1,374 |  |  | $ | 1,384 |  |  | $ | 4,146 |
Facility lease costs |  |  | 494 |  |  |  | — |  |  |  | — |  |  |  | 494 |
Other exit costs |  |  | 369 |  |  |  | 137 |  |  |  | 679 |  |  |  | 1,185 |
|  | $ | 2,251 |  |  | $ | 1,511 |  |  | $ | 2,063 |  |  | $ | 5,825 |
During 2010, the Company recognized $4.2 million of employee termination costs associated with the involuntary terminations of 751 employees in connection with reductions in workforce of certain facilities. The identified involuntary employee terminations by reportable geographic region amounted to approximately 286, 421 and 44 for the Americas, Asia and Europe, respectively. The Company also recorded approximately $0.5 million for facility lease obligations and approximately $1.2 million for other exit costs, including $0.2 million of asset impairments associated with the closure of certain leased facilities. The components of the restructuring charges initiated during 2009 were as follows:
(in thousands) |  | Americas |  |  | Europe |  |  | Asia |  |  | Total |
Severance costs |  | $ | 1,262 |  |  | $ | 2,100 |  |  | $ | 939 |  |  | $ | 4,301 |
Facility lease costs |  |  | 139 |  |  |  | 2,704 |  |  |  | — |  |  |  | 2,843 |
Other exit costs |  |  | 920 |  |  |  | 144 |  |  |  | 30 |  |  |  | 1,094 |
|  | $ | 2,321 |  |  | $ | 4,948 |  |  | $ | 969 |  |  | $ | 8,238 |
During 2009, the Company recognized $4.3 million of employee termination costs associated with the involuntary terminations of 655 employees in connection with reductions in workforce of certain facilities. The identified involuntary employee terminations by reportable geographic region amounted to approximately 327, 270 and 58 for the Americas, Asia and Europe, respectively. The Company also recorded approximately $2.8 million for facility lease obligations and approximately $1.1 million for other exit costs, including $0.2 million of asset impairments associated with the closure of certain leased facilities. The Company's facilities in Ayudhaya, Thailand were flooded and remained closed from October 13, 2011 to December 20, 2011. As a result of the flooding and temporary closing of these facilities, the Company has recognized estimated property losses of $46.2 million and incurred $13.4 million of flood related costs. The Company carries property and business interruption insurance with a combined limit for real and personal property as well as business interruption insurance of approximately $300 million. As such, the Company has estimated recoveries from insurance for these property losses and flood related costs totaling $56.2 million. The Company cannot estimate the timing of the receipt of insurance proceeds it will ultimately realize, and there may be a substantial delay between the incurrence of losses and the recovery under its insurance policies Because the situation in Thailand is still evolving, significant uncertainty remains regarding the ultimate financial impact the flooding will have on the Company. As of December 31, 2011, Thailand flood related charges, net of insurance recoveries, were as follows (in thousands):
Inventory losses |  | $ | 39,919 |
Property, plant and equipment losses |  |  | 6,233 |
Other flood related costs |  |  | 13,362 |
|  |  | 59,514 |
Estimated insurance recoveries recorded in prepaid expenses and other assets |  |  | (56,152 | )
|  | $ | 3,362 |

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

X
- 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
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration