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Restructuring Charges
12 Months Ended
Dec. 31, 2011
Restructuring Charges [Abstract]  
Restructuring Charges

10. Restructuring Charges

Restructuring charges in 2011 were $36,000, comprised primarily of adjustments to previous estimates for laser contract termination costs for previously closed vision centers, and additional severance costs. The restructuring charges in 2010 were principally the result of vision center closures and an 8% reduction in our workforce as part of our efforts to reduce costs and increase operational efficiencies.

2010 Restructuring Plan

In 2010, we announced a restructuring plan to close vision centers, reduce costs and increase operational efficiencies. As a result, we incurred restructuring charges totaling $3.8 million for 2010, which included $3.6 million of contract termination costs and vision center closing costs and $195,000 of employee separation benefits.

2009 Restructuring Plan

In 2009, we announced a restructuring plan to reduce costs and increase operational efficiencies. As a result, we incurred restructuring charges totaling $2.7 million for 2009, which included $2.2 million of contract termination costs and vision center closing costs and $922,000 of employee separation benefits. Partially offsetting the contract termination costs was a benefit of $435,000 due to a change in estimate of certain previously recognized contract termination costs related to our vision centers closed in 2008 after successful renegotiations with the lessors.

Under all previous restructuring plans, the fair value measurements utilized internal discounted cash flow analysis in determining fair value, which is a Level 3 input under U.S. GAAP.

 

The following table summarizes the restructuring liability activities (dollars in thousands):

 

     Employee Separation     Contract
Termination
       
     Employees      Dollars     Costs     Total  

Balance at January 1, 2009

      $ —        $ 474      $ 474   

Liabilities recognized

     108         922        1,774        2,696   

Utilized

        (685     (1,156     (1,841
     

 

 

   

 

 

   

 

 

 

Balance at December 31, 2009

        237        1,092        1,329   

Liabilities recognized

     30         195        3,595        3,790   

Utilized

        (325     (1,046     (1,371
     

 

 

   

 

 

   

 

 

 

Balance at December 31, 2010

        107        3,641        3,748   

Liabilities recognized

     2         26        10        36   

Utilized

        (113     (1,353     (1,466
     

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

      $ 20      $ 2,298      $ 2,318   
     

 

 

   

 

 

   

 

 

 

At December 31, 2011 and 2010, we included current restructuring reserves of $1.3 million and $1.6 million, respectively, in "Accrued liabilities and other" in the Consolidated Balance Sheets. Long-term restructuring reserves, comprised of contract termination costs, were $1.0 million and $2.1 million at December 31, 2011 and 2010, respectively, and were included in "Other long-term liabilities."