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Severe Weather Event
3 Months Ended
Mar. 28, 2013
Impact From Severe Weather Event [Abstract]  
Impact From Severe Weather Event [Text Block]

3. Impact from Severe Weather Event

 

As of December 31, 2012, the Company had received a total of $234.9 in insurance payments based on estimated losses incurred as a result of the April 14, 2012 tornado that hit the Company's Wichita, Kansas facility. The $234.9 in insurance payments was the result of an agreement between the Company and its insurers on a final settlement for all claims relating to the April 14, 2012 severe weather event. In accordance with its credit agreement, the Company provided a certificate to its lenders indicating that all net proceeds received in connection with the destruction caused by the severe weather event would be used for repair, replacement or restoration at the Wichita facility.

For the three months ended March 28, 2013, the Company recorded $8.8 under severe weather event, which represents continuing incremental freight, warehousing and other costs which are recorded as incurred. The Company's estimate of these future expenditures is likely to change as the Company evaluates different repair and build-back options.