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17. Legal and Settlement Recovery, Net
Legal and settlement recovery, net consists of costs, net of reimbursed insurance claims, related to significant legal settlements and non-routine legal matters, including future probable legal costs estimated to be incurred in connection with those matters. Legal expenses incurred in the ordinary course of business are included in selling, general and administrative expense.
Following a change in accounting standards, from October 1, 2009 the incremental costs of acquisitions, including legal fees, brokerage fees and valuation reports, are included in this balance. Under previous accounting guidance, these expenses were included as part of the acquisition consideration of successful acquisitions. The following table sets forth the matters that represent legal and settlement recovery, net (in thousands):
|
|
|
Year ended September 30,
|
|
|
|
|
2011
|
|
2010
|
|
2009
|
|
|
Insurance Recoveries
|
|
$
|
|
|
$
|
7,500
|
|
$
|
6,300
|
|
|
Other
|
|
808
|
|
(2,149
|
)
|
(2,029
|
)
|
|
Total
|
|
$
|
808
|
|
$
|
5,351
|
|
$
|
4,271
|
|
The insurance recoveries relate to a litigation settlement in fiscal 2008.
During the 2011 fiscal year, the Company reversed a legal expense previously recognized in fiscal 2010 for a matter which concluded without liability to the Company.
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