Accrued Expenses

12 Months Ended

Dec. 31, 2011

9	ACCRUED EXPENSES

	Accrued expenses consist of the following:


	(In Thousands)		2011		2010
	Vacation	$	6,891	$	5,995
	Contractual indemnification claims (see note 19)		4,740		460
	Payrolls, related taxes and medical and other benefits		4,700		5,286
	Taxes other than federal income and payroll		3,350		1,356
	Incentive compensation		3,003		6,436
	Workers' compensation and disabilities		2,599		2,468
	Hedging contracts		656		223
	Plant shutdowns and divestitures		198		1,830
	Other		13,745		9,175
	Total	$	39,882	$	33,229

A reconciliation of the beginning and ending balances of accrued expenses associated with asset impairments and costs associated with exit and disposal activities for each of the three years in the period ended December 31, 2011 is as follows:


						Long-Lived
						Asset
(In Thousands)			Severance			Impairments			Other (a)			Total
Balance at January 1, 2009		$	431		$	-		$	4,491		$	4,922
2009	:
Charges			2,094			1,005			-			3,099
Cash spent			(1,702	)		-			(1,333	)		(3,035	)
Charged against assets			-			(1,005	)		-			(1,005	)
Balance at December 31, 2009			823			-			3,158			3,981
2010	:
Charges			165			608			-			773
Cash spent			(751	)		-			(1,565	)		(2,316	)
Charged against assets			-			(608	)		-			(608	)
Balance at December 31, 2010			237			-			1,593			1,830
2011	:
Charges			541			1,367			-			1,908
Cash spent			(581	)					(1,593	)		(2,174	)
Charged against assets			-			(1,367	)		-			(1,367	)
Balance at December 31, 2011		$	197		$	-		$	-		$	197

(a) Other includes primarily accrued losses on a sub-lease at a facility in Princeton, New Jersey.

See Note 17 for more information on plant shutdowns, asset impairments and restructurings of continuing operations.