XML 23 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Exit and Disposal Activities (Tables)
 6 Months Ended
Jun. 29, 2013
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost
The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the second quarter of 2013 and 2012:

 
 
For the second quarter of 2013
 
For the second quarter of 2012
 
 
SG&A
 
COGS
 
Total
 
SG&A
 
COGS
 
Total
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
Manufacturing Rationalization & Relocation
 
$
—

 
$
0.3

 
$
0.3

 
$
—

 
$
—

 
$
—

TECH Segment Combination
 
2.7

 
1.1

 
3.8

 
0.3

 
2.2

 
2.5

Best Restructuring
 
—

 
—

 
—

 
—

 
—

 
—

Other
 
—

 
—

 
—

 
—

 
0.7

 
0.7

Total
 
$
2.7

 
$
1.4

 
$
4.1

 
$
0.3

 
$
2.9

 
$
3.2



The following table outlines amounts recorded within the unaudited condensed consolidated statement of operations associated with the Company's exit and disposal activities for the first half of 2013 and 2012:

 
 
For the first half of 2013
 
For the first half of 2012
 
 
SG&A
 
COGS
 
Total
 
SG&A
 
COGS
 
Total
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
Manufacturing Rationalization & Relocation
 
$
—

 
$
6.8

 
$
6.8

 
$
—

 
$
—

 
$
—

TECH Segment Combination
 
3.5

 
1.1

 
4.6

 
0.3

 
2.2

 
2.5

Best Restructuring
 
—

 
—

 
—

 
—

 
0.1

 
0.1

Other
 
—

 
—

 
—

 
—

 
0.7

 
0.7

Total
 
$
3.5

 
$
7.9

 
$
11.4

 
$
0.3

 
$
3.0

 
$
3.3
Manufacturing Rationalization and Relocation [Member]
  
Restructuring Cost and Reserve [Line Items]  
Restructuring and Related Costs
The Company expects that the range of total cost to complete the Manufacturing Rationalization & Relocation are as follows:

 
 
Low
 
High
 
 
(Dollar amounts in millions)
Exit & Disposal Activities (1)
 
$
26.0

 
$
29.0

Other Relocation Costs (2)
 
15.0

 
17.0

Capital Expenditures
 
4.0

 
4.0

 
 
$
45.0

 
$
50.0

 
(1)
Exit and disposal activities are comprised of the following:
 
 
Low
 
High
 
 
(Dollar amounts in millions)
Machinery and Equipment Relocation & Installation
 
$
10.0

 
$
11.0

Employee-related Costs
 
11.0

 
12.0

Other Costs
 
5.0

 
6.0

 
 
$
26.0

 
$
29.0


 
(2)
Other relocation costs are comprised of the following:
 
 
Low
 
High
 
 
(Dollar amounts in millions)
Duplicate Overhead & Inefficiencies
 
$
12.0

 
$
13.0

Higher Inventory Levels
 
3.0

 
4.0

 
 
$
15.0

 
$
17.0
Schedule of Restructuring Reserve by Type of Cost
The following table sets forth the changes to the liability for the Manufacturing Rationalization & Relocation during the first half of 2013:

 
 
Severance
 
Other Costs
 
Total
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
Balance, December 31, 2012
 
$
—

 
$
—

 
$
—

Provision
 
6.5

 
0.3

 
6.8

Payments
 
—

 
(0.1
)
 
(0.1
)
Other
 
—

 
—

 
—

Balance, June 29, 2013
 
$
6.5

 
$
0.2

 
$
6.7
TECH Segment Combination [Member]
  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost
The following table sets forth the changes to the liability for the TECH Segment Combination during the first half of 2013:

 
 
Severance
 
Other Costs
 
Total
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
Balance, December 31, 2012
 
$
0.4

 
$
2.5

 
$
2.9

Provision
 
1.0

 
3.6

 
4.6

Payments
 
(1.0
)
 
(4.9
)
 
(5.9
)
Other
 
—

 
—

 
—

Balance, June 29, 2013
 
$
0.4

 
$
1.2

 
$
1.6
Best Restructuring [Member]
  
Restructuring Cost and Reserve [Line Items]  
Schedule of Restructuring Reserve by Type of Cost
The following table sets forth the changes to the liability for the Best Restructuring during the first half of 2013:

 
 
Severance
 
Other Costs
 
Total
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
Balance, December 31, 2012
 
$
9.1

 
$
—

 
$
9.1

Provision
 
—

 
—

 
—

Payments
 
(2.9
)
 
—

 
(2.9
)
Other
 
(0.1
)
 
—

 
(0.1
)
Balance, June 29, 2013
 
$
6.1

 
$
—

 
$
6.1