Broder Bros. Co. Announces Fourth Quarter and Fiscal Year Results
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Restructuring charges recorded during the fourth quarter of 2008 consisted of severance charges of $1.0 million related to a workforce reduction announced in December 2008, $1.0 million resulting from changes in sublease assumptions partially offset by a reduction to restructuring charges of approximately $0.5 million as the company executed a buyout agreement for its Stafford, TX distribution center, and interest accretion of $0.1 million.
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