Broder Bros. Co. Announces Fourth Quarter and Fiscal Year Results
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Restructuring charges recorded during the twelve months ended December 2009 consisted of a $1.4 million increase in rent described above, approximately $0.5 million in interest accretion, and $0.4 million in severance costs due to headcount reductions in March 2009. Other highlighted charges recorded during the twelve months ended December 2009 consisted of $0.9 million in executive bonus expense related to the program described above, $0.5 million in consulting and professional fees related to the exchange offer and $0.3 million in inventory management consulting charges.
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