XML 27 R19.htm IDEA: XBRL DOCUMENT

Restructuring Charges

3 Months Ended

Mar. 31, 2012

12. Restructuring Charges

During the first quarter of fiscal 2012, the Company incurred pre-tax expenses of $0.5 million associated principally with vacant leased office space. The Company recorded this expense in the first quarter of fiscal 2012 in selling, general and administrative expenses for a change in the estimate of the future minimum lease payments and related exit costs through the end of the remaining lease term, net of expected future sublease rental income measured at fair value. This estimated expense required management to make assumptions regarding the estimate of the duration of future vacancy periods, the amount and timing of future settlement payments, and the amount and timing of potential sublease income.

The restructuring reserve balance was as follows as of March 31, 2012 (in thousands):

	Office Vacancies

Balance at December 31, 2011	$	3,737
Charges incurred in the first quarter of fiscal 2012		545
Amounts paid, net of amounts received, during the first quarter of fiscal 2012		(595	)
Adjustments during the first quarter of fiscal 2012		7

Balance at March 31, 2012	$	3,694

On the accompanying balance sheet as of March 31, 2012, the reserve balance of $3.7 million was classified as follows: $2.5 million in "deferred rent and other non-current liabilities" and $1.2 million in "current portion of deferred rent".

The Company did not incur any restructuring charges during the first quarter of fiscal 2011. The restructuring reserve balances were as follows as of April 2, 2011 (in thousands):

	Office Vacancies			Employee Workforce Reduction			Total Restructuring

Balance at January 1, 2011	$	4,476		$	951		$	5,427
Amounts paid, net of amounts received, during the first quarter of fiscal 2011		(841	)		(305	)		(1,146	)
Adjustments and effect of foreign currency translation during the first quarter of fiscal 2011		(37	)		(294	)		(331	)

Balance at April 2, 2011	$	3,598		$	352		$	3,950

- 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+ Details