There is one crucial exception to the rule that related increases in the cost of other benefits should he treated as part of the cost of termination benefits
This does not apply to a liability for one-time termination benefits
that are incurred over time, discussed subsequently.
94-3, Liability Recognition for Certain Employee Termination Benefits
and Other Costs to Exit an Activity including Certain Costs Incurred in a Restructuring), addresses three issues relating to these costs:
r) One-time termination benefits
, asset impairments and rollout of retention termination benefits
and accelerated depreciation costs capitalized in inventory related to the phased closure of the Arklow, Ireland breast implant manufacturing facility of $10.
5 million pre-tax charge in 2010 for the payment of related termination benefits
During the three months ended March 31, 2009, the company recorded employee termination benefits
of approximately $0.
Any special or contractual termination benefits
offered to employees.
The restructuring charges consist of one-time termination benefits
as a result of our recent workforce reductions in these segments, and facility closure costs, as a result of our decision to shut our manufacturing facility in Amerang, Germany and our sales office in the UK.
This charge includes termination benefits
of approximately $4.
0 million in cash for termination benefits
and other employee costs -- $0.
3 million in the fourth quarter of fiscal 2008 for employee termination benefits
At this time, the Company is unable to determine the amounts of one-time termination benefits
, contract termination costs and other associated costs and expected cash flows associated with its wind-down activities.