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Restructuring Costs
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3 Months Ended |
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Mar. 30, 2013
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| Restructuring Costs [Abstract] | |
| Restructuring Costs |
Note 12 – Restructuring Costs As part of the Company’s initiatives to reduce labor costs and improve operating efficiencies in response to the challenges in the marketplace and general market conditions, we reduced our workforce in January 2013. We laid off 13 employees in the United States and 163 employees in the Philippines reducing our workforce to a total of 1,194 employees. The severance charges of approximately $498,000 were recorded in marketing expense, general and administrative expense, fulfillment expense and technology expense for $253,000, $94,000, $42,000 and $109,000, respectively, in January 2013. We did not incur material additional charges subsequent to January 2013. As of March 30, 2013, severance payable was $50,000.
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- Details
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- Definition
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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