Memorex 2013 Annual Report Download - page 74

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Activity related to the 2012 GPI Program accruals was as follows:
Severance
and Related
Lease
Termination
Costs Other Total
(In millions)
Accrued balance at December 31, 2011 ................... $ — $ — $ — $ —
Charges ........................................... 13.9 0.1 0.9 14.9
Usage ............................................ (0.1) — (0.1) (0.2)
Currency impacts .................................... — — — —
Accrued balance at December 31, 2012 ................... $13.8 $ 0.1 $ 0.8 $ 14.7
Transfer from 2011 Corporate Program .................... 1.6 0.4 0.2 2.2
Charges ........................................... 3.7 0.7 2.4 6.8
Usage ............................................ (16.9) (0.7) (2.5) (20.1)
Currency impacts .................................... — (0.1) (0.1) (0.2)
Accrued balance at December 31, 2013 ................... $ 2.2 $0.4 $0.8 $ 3.4
During the year ended December 31, 2013, severance expense of $1.6 million related to employees directly associated
with the XtremeMac and Memorex consumer electronics businesses was recorded in discontinued operations. See Note 4 —
Acquisitions and Divestitures for more information on our discontinued operations.
Other
Certain amounts recorded in Other are discussed elsewhere in our Notes to Consolidated Financial Statements. See
note references in table above.
Our Camarillo, California manufacturing facility ceased operations on December 31, 2008 and the facility, comprised of
a building and property, was classified as held for sale. During 2011, in an effort to increase the salability of the property, we
demolished the building which resulted in a $7.0 million loss on disposal during the period. On October 7, 2011 we entered
into an agreement to sell the land for $10.5 million, contingent upon the change of certain zoning requirements for the land as
well as other standard conditions. The land related to the facility continued to meet the criteria for held for sale accounting
and, therefore, was classified in other current assets on our Consolidated Balance Sheet as of December 31, 2012 at a book
value of $0.2 million. The sale was completed in December 2013, and the related gain of $9.8 million was recorded in
restructuring and other expense during the fourth quarter.
Note 8 — Stock-Based Compensation
Stock compensation consisted of the following:
Years Ended December 31,
2013 2012 2011
(In millions)
Stock compensation expense ......................................... $6.3 $6.6 $6.9
We have stock-based compensation awards outstanding under five plans (collectively, the Stock Plans). We have stock
options outstanding under our 1996 Directors Stock Compensation Plan (Directors Plan) and stock options and restricted
stock outstanding under our 2000 Stock Incentive Plan (2000 Incentive Plan), our 2005 Stock Incentive Plan (2005 Incentive
Plan) and our 2008 Stock Incentive Plan (2008 Incentive Plan). We have stock options, restricted stock and stock
appreciations rights (SARs) outstanding under our 2011 Stock Incentive Plan (2011 Incentive Plan). Restricted stock granted
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