RESTRUCTURING COSTS

3 Months Ended

Dec. 28, 2013

L. RESTRUCTURING COSTS

In fiscal 2011, the Company recorded restructuring costs of $7.7 million associated with closing and consolidating its Stoughton, Massachusetts manufacturing facility due to the impact of technology and competitive pressures affecting the one-color paperback books in which the plant specialized. Restructuring costs included $2.3 million for employee severance and benefit costs, $2.1 million for an early withdrawal liability from a multi-employer pension plan, and $3.3 million for lease termination and other facility closure costs. Remaining payments of approximately $3.1 million will be made over periods ranging from 2 years for the building lease obligation to 18 years for the liability related to the multi-employer pension plan. At December 28, 2013, approximately $0.8 million of the restructuring payments were included in “Other current liabilities” and $2.5 million were included in “Other liabilities” in the accompanying consolidated balance sheet.

The following table depicts the remaining accrual balances for these restructuring costs.

	(000’s omitted)
	Accrual at		Charges	Costs			Accrual at
	September 28,		or	Paid or			December 28,
	2013		Reversals	Settled			2013
Employee severance, post-retirement and other benefit costs	$	308		$	(136	)	$	172
Early withdrawal from multi-employer pension plan	2,001			(19		)	1,982
Lease termination, facility closure and other costs	1,241			(87		)	1,154
Total	$	3,550	—	$	(242	)	$	3,308

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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