BEC » Topics » Supply Chain Relocation

This excerpt taken from the BEC 10-K filed Feb 29, 2008.

Supply Chain Relocation

In January 2007, as part of our previously announced strategic supply chain management initiative, we announced our intention to close our manufacturing site in Palo Alto, California and relocate those operations to Indianapolis, Indiana. Additionally, in 2007, we announced the closure and relocation of other manufacturing and distribution sites. During 2007, in connection with these activities, we recorded charges of $16.9 million for duplicative, severance, retention, and other costs. Additionally, $0.8 million was recorded for asset impairment charges.

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