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RESTRUCTURING ACTIVITIES
9 Months Ended
Sep. 26, 2015
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES
RESTRUCTURING ACTIVITIES    
In April 2015, the Company's Board of Directors authorized a broad restructuring plan (the "Plan") of up to $60 million to respond to the market environment in certain businesses. We anticipate the Company will recognize the following pre-tax expenses in conjunction with the initial restructuring activities from the Plan announced in 2015:

 
 
EIP
 
Utility
 
Coatings
 
Irrigation
 
Other/ Corporate
 
TOTAL
Severance
 
$
3,850

 
$
1,638

 
$
429

 
$
245

 
$
75

 
$
6,237

Other cash restructuring expenses
 
1,612

 
1,895

 
178

 
100

 

 
3,785

Asset impairments/net loss on disposals
 
2,573

 
788

 
4,699

 

 

 
8,060

   Total cost of sales
 
8,035

 
4,321

 
5,306

 
345

 
75

 
18,082

 
 
 
 
 
 
 
 
 
 
 
 
 
Severance
 
4,335

 
404

 

 
629

 
1,250

 
6,618

Other cash restructuring expenses
 

 
328

 
270

 

 

 
598

Asset impairments/net loss on disposals
 
2,080

 

 

 
130

 
3,700

 
5,910

  Total selling, general and administrative expenses
 
6,415

 
732

 
270

 
759

 
4,950

 
13,126

      Consolidated total
 
$
14,450

 
$
5,053

 
$
5,576

 
$
1,104

 
$
5,025

 
$
31,208



The Company is currently evaluating additional potential restructuring activities estimated at $8 million of asset impairments and $5 million of cash expenses.  The following is a summary of the segments affected by these additional potential restructuring activities under current evaluation and the estimated pre-tax expense:

 
 
EIP
 
Other/ Corporate
 
TOTAL
Severance
 
$
2,000

 
$
250

 
$
2,250

Other cash restructuring expenses
 
700

 
250

 
950

Asset impairments/net loss on disposals
 
3,800

 
500

 
4,300

   Total cost of sales
 
6,500

 
1,000

 
7,500

Severance
 
500

 
1,150

 
1,650

Asset impairments/net loss on disposals
 
600

 
3,500

 
4,100

  Total selling, general and administrative expenses
 
1,100

 
4,650

 
5,750

      Consolidated total
 
$
7,600

 
$
5,650

 
$
13,250



(3) RESTRUCTURING ACTIVITES (Continued)
During the third quarter of fiscal 2015, the Company recognized the following pre-tax restructuring expenses:

 
 
EIP
 
Utility
 
Coatings
 
Irrigation
 
Other/ Corporate
 
TOTAL
Severance
 
$
1,819

 
$
204

 
$
120

 
$

 
$

 
$
2,143

Other cash restructuring expenses
 
354

 
674

 
138

 

 

 
1,166

Asset impairments/net loss on disposals
 
910

 
43

 
548

 

 

 
1,501

   Total cost of sales
 
3,083

 
921

 
806

 

 

 
4,810

 
 
 
 
 
 
 
 
 
 
 
 
 
Severance
 
1,485

 

 

 
52

 
400

 
1,937

Other cash restructuring expenses
 

 
238

 

 

 

 
238

Asset impairments/net loss on disposals
 

 

 

 

 
1,815

 
1,815

  Total selling, general and administrative expenses
 
1,485

 
238

 

 
52

 
2,215

 
3,990

      Consolidated total
 
$
4,568

 
$
1,159

 
$
806

 
$
52

 
$
2,215

 
$
8,800


In the first three quarters of 2015, the Company recognized the following pre-tax restructuring expenses:

 
 
EIP
 
Utility
 
Coatings
 
Irrigation
 
Other/ Corporate
 
TOTAL
Severance
 
$
2,814

 
$
1,813

 
$
429

 
$

 
$
73

 
$
5,129

Other cash restructuring expenses
 
399

 
820

 
178

 

 

 
1,397

Asset impairments/net loss on disposals
 
1,707

 
338

 
4,699

 

 

 
6,744

   Total cost of sales
 
4,920

 
2,971

 
5,306

 

 
73

 
13,270

 
 
 
 
 
 
 
 
 
 
 
 
 
Severance
 
2,835

 
405

 

 
271

 
640

 
4,151

Other cash restructuring expenses
 

 
238

 
270

 

 

 
508

Asset impairments/net loss on disposals
 
2,080

 

 

 
130

 
3,705

 
5,915

  Total selling, general and administrative expenses
 
4,915

 
643

 
270

 
401

 
4,345

 
10,574

      Consolidated total
 
$
9,835

 
$
3,614

 
$
5,576

 
$
401

 
$
4,418

 
$
23,844



    Liabilities recorded for the restructuring Plan and changes therein for the first three quarters of fiscal 2015 were as follows:
 
 
Balance at December 27, 2014
 
Recognized Restructuring Expense
 
Costs Paid or Otherwise Settled
 
Balance at September 26, 2015
Severance
 
$

 
$
9,280

 
$
(5,501
)
 
$
3,779

Other cash restructuring expenses
 

 
1,904

 
(1,664
)
 
240

   Total
 
$

 
$
11,184

 
$
(7,165
)
 
$
4,019