XML 26 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Restructuring | 12 Months Ended
--- | ---
Dec. 31, 2011
Restructuring | 11. Restructuring On October 29, 2007, the Company announced restructuring initiatives to improve manufacturing efficiency and cost position by ceasing manufacturing operations at its Sarasota, Florida (Control Devices reportable segment), and Mitcheldean, United Kingdom (Electronics reportable segment), locations. During 2008 and 2009, in response to the depressed conditions in the North American and European commercial and automotive vehicle markets, the Company continued and expanded the restructuring initiatives in the Control Devices and Electronics reportable segments. While the initiatives were completed in 2009 in regards to the Control Devices reportable segment, in 2010 the Company continued restructuring initiatives within the Electronics reportable segment and recorded amounts related to its cancelled lease in Mitcheldean, United Kingdom. During 2011, the Company continued negotiations in regards to this lease and recorded additional amounts to reflect the expected costs to be paid under the currently proposed settlement agreement. In connection with the restructuring initiatives, the Company recorded a restructuring charge of $951, $304 and $3,668 in the Company’s consolidated statements of operations as part of selling, general and administrative for the years ended December 31, 2011, 2010 and 2009, respectively. At December 31, 2011 and 2010, the only remaining restructuring liability relates to the cancelled lease in Mitcheldean, United Kingdom, for which the Company has accrued $1,920 and $1,117, respectively, on the consolidated balance sheets as a component of other long-term liabilities. The expenses related to the restructuring activities that belong to the Electronics reportable segment include the following:
|  |  |  |  | Contract |  |  |  |  |  |  |
|  | Severance |  |  | termination |  |  | Other exit |  |  |  |
|  | costs |  |  | costs |  |  | costs |  |  | Total |
Total expected restructuing charges |  | $ | 5,250 |  |  | $ | 2,264 |  |  | $ | 2,401 |  |  | $ | 9,915 |
Accrued balance at January 1, 2009 |  | $ | 531 |  |  | $ | 1,305 |  |  | $ | 180 |  |  | $ | 2,016 |
2009 charge to expense |  |  | 2,237 |  |  |  | 374 |  |  |  | - |  |  |  | 2,611 |
Foreign currency translation effect |  |  | - |  |  |  | 400 |  |  |  | - |  |  |  | 400 |
Cash payments |  |  | (2,641 | ) |  |  | (656 | ) |  |  | (180 | ) |  |  | (3,477 | )
Accrued balance at December 31, 2009 |  |  | 127 |  |  |  | 1,423 |  |  |  | - |  |  |  | 1,550 |
2010 charge to expense |  |  | 183 |  |  |  | 121 |  |  |  | - |  |  |  | 304 |
Foreign currency translation effect |  |  | - |  |  |  | 64 |  |  |  | - |  |  |  | 64 |
Cash payments |  |  | (310 | ) |  |  | (491 | ) |  |  | - |  |  |  | (801 | )
Accrued balance at December 31, 2010 |  |  | - |  |  |  | 1,117 |  |  |  | - |  |  |  | 1,117 |
2011 charge to expense |  |  | - |  |  |  | 951 |  |  |  | - |  |  |  | 951 |
Foreign currency translation effect |  |  | - |  |  |  | (148 | ) |  |  | - |  |  |  | (148 | )
Cash payments |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Accrued balance at December 31, 2011 |  | $ | - |  |  | $ | 1,920 |  |  | $ | - |  |  | $ | 1,920 |
The expenses related to restructuring charges that belong to the Control Devices reportable segment include the following:
|  | Severance |  |  | Other exit |  |  |  |
|  | costs |  |  | costs |  |  | Total |
Total expected restructuing charges |  | $ | 3,555 |  |  | $ | 6,348 |  |  | $ | 9,903 |
Accrued balance at January 1, 2009 |  | $ | 1,468 |  |  | $ | 400 |  |  | $ | 1,868 |
2009 charge to expense |  |  | 1,034 |  |  |  | 23 |  |  |  | 1,057 |
Cash payments |  |  | (2,463 | ) |  |  | (164 | ) |  |  | (2,627 | )
Accrued balance at December 31, 2009 |  |  | 39 |  |  |  | 259 |  |  |  | 298 |
Cash payments |  |  | (39 | ) |  |  | (259 | ) |  |  | (298 | )
Accrued balance at December 31, 2010 |  | $ | - |  |  | $ | - |  |  | $ | - |
All restructuring charges, except for asset-related charges, result in cash outflows. Severance costs relate to a reduction in workforce. Contract termination costs represent costs associated with long-term lease obligations that were cancelled as part of the restructuring initiatives. Other exit costs include premium direct labor, inventory and equipment move costs, relocation expense, increased inventory carrying cost and miscellaneous expenditures associated with exiting business activities. No fixed-asset impairment charges were incurred because assets were transferred to other locations for continued production.

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