Memorex 2012 Annual Report Download - page 20

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made payments of $16.5 million, $8.3 million, $8.2 million and $20.0 million in 2012, 2011, 2010 and 2009, respectively, in full
satisfaction of this settlement. Interest accretion of $0.5 million, $1.2 million and $1.5 million was recorded in 2012, 2011 and
2010, respectively. The interest accretion is included in the interest expense on our Consolidated Statements of Operations.
We are also subject to several pending or threatened legal action by the individual European national levy collecting
societies in relation to private copyright levies under the European Copyright Directive. See Note 15 — Litigation,
Commitments and Contingencies in our Notes to Consolidated Financial Statements for further discussion of this directive.
Those actions generally seek payment of the commercial and consumer optical levies withheld by Imation. Imation has
corresponding claims in those actions seeking reimbursement of levies improperly collected by those collecting societies.
Although these actions are subject to the uncertainties inherent in the litigation process, based on the information presently
available to us, management does not expect that the ultimate resolution of these actions will have a material adverse effect
on the financial condition, results of operations or cash flows. We anticipate that court decisions may be rendered in 2013 that
may directly or indirectly impact our levy exposure in specific European countries which could trigger a review of our levy
exposure in those countries.
Item 4. Mine Safety Disclosures.
Not Applicable.
17