XML 20 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Restructuring Activities
 3 Months Ended
Apr. 02, 2016
Restructuring and Related Activities [Abstract]  
Restructuring Activities
Restructuring Activities
Summary of Restructuring Plans
In September 2015, management approved and commenced implementation of several restructuring actions, including organizational re-alignment, consolidation and relocation of the New York facilities that was completed by December 2015, closure of the Houston facility that was completed by December 2015, and closure of the St. Louis facility that was completed in April 2016, all of which are part of our overall strategy to streamline operations. We have recorded a cumulative total of approximately $2.2 million for severance and benefits and loss on early exit from leases. We do not expect to record additional accruals related to these restructuring plans.
As of April 2, 2016, we have accrued approximately $0.5 million for severance and benefits and early exit from lease in the Electronic Systems segment and approximately $1.0 million for severance and benefits and loss on early exit from lease in the Structural Systems segment, all of which were charged to selling, general and administrative expenses.
Our restructuring activities in the three months ended April 2, 2016 were as follows (in thousands):
 
 
December 31, 2015
 
Three Months Ended April 2, 2016
 
April 2, 2016
 
 
Balance
 
Charges
 
Cash Payments
 
Change in Estimates
 
Balance
Severance and benefits
 
$
722

 
$
22

 
$
(335
)
 
$
—

 
$
409

Lease termination
 
1,181

 
—

 
(130
)
 
—

 
1,051

Ending balance
 
$
1,903

 
$
22

 
$
(465
)
 
$
—

 
$
1,460