Sunbeam 2009 Annual Report Download - page 73

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16. Reorganization and Acquisition-Related Integration Costs
Reorganization and acquisition-related integration costs (collectively, “reorganization costs”) for 2009, 2008 and 2007 are as follows:
Employee Other
(In millions) Terminations Charges Impairment Total
2009
Charged to Results of Operations:
Outdoor Solutions $ 23.5 $ 20.8 $ 4.2 $ 48.5
Consumer Solutions 2.9 0.9 — 3.8
$ 26.4 $ 21.7 $ 4.2 $ 52.3
Employee Other
(In millions) Terminations Charges Impairment Total
2008
Charged to Results of Operations:
Outdoor Solutions $ 14.7 $ 17.9 $ — $ 32.6
Branded Consumables 7.4 3.3 — 10.7
Process Solutions 3.6 1.6 3.7 8.9
Corporate 4.1 3.5 — 7.6
Subtotal 29.8 26.3 3.7 59.8
Capitalized as a Cost of Acquisition:
Outdoor Solutions 2.5 3.5 — 6.0
Corporate 0.4 — — 0.4
$ 32.7 $ 29.8 $ 3.7 $ 66.2
Employee Other
(In millions) Terminations Charges Impairment Total
2007
Charged to Results of Operations:
Outdoor Solutions $ 2.1 $ 6.5 $ 1.1 $ 9.7
Consumer Solutions 4.2 12.8 — 17.0
Branded Consumables 2.4 8.0 4.3 14.7
Process Solutions 0.5 0.1 2.2 2.8
Corporate 1.7 3.2 0.5 5.4
Subtotal 10.9 30.6 8.1 49.6
Capitalized as a Cost of Acquisition:
Outdoor Solutions 3.4 1.8 — 5.2
$ 14.3 $ 32.4 $ 8.1 $ 54.8
Capitalized Reorganization Costs
In connection with the K2 acquisition, management approved and initiated plans to restructure the operations of K2. These plans were
contemplated at the time of this acquisition and include in part, the elimination of certain duplicative functions and vacating redundant
facilities in order to reduce the combined cost structure of the Company. The capitalized costs incurred during 2008 and 2007 primarily relate
to workforce reductions associated with the elimination of duplicative functions and other exit costs resulting from the K2 acquisition. These
costs were recognized as a liability assumed in the K2 acquisition and were included in the allocation of the cost to acquire K2 and were
accrued within the Outdoor Solutions segment.
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2009
(Dollars in millions, except per share data and unless otherwise indicated)
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