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Note 5 - Special Charges, Net
12 Months Ended
Nov. 28, 2015
Notes to Financial Statements  
Special Charges [Text Block]
Note 5
:
Special Charges
, net
 
The integration of the industrial adhesives business we acquired in March 2012 involved a significant amount of restructuring and capital investment to optimize the new combined entity. In addition, we have taken a series of actions in our existing EIMEA operating segment to improve the profitability and future growth prospects of this operating segment. We combined these two initiatives into a single project which we refer to as the Business Integration Project. During 2015, 2014 and 2013 we incurred special charges, net of $4,654, $51,501 and $45,087, respectively, for costs related to the Business Integration Project.
 
The following table provides detail of special charges, net:
 
 
 
Fiscal Years
 
 
 
2015
 
 
2014
 
 
2013
 
Acquisition and transformation related costs
 
$
715
 
  $ 7,946     $ 8,698  
Workforce reduction costs
 
 
(37
)
    3,233       9,784  
Facility exit costs
 
 
3,664
 
    32,050       17,869  
Other related costs
 
 
312
 
    8,272       8,736  
Special charges, net
 
$
4,654
 
  $ 51,501     $ 45,087  
 
Professional services of $715, $7,946
and $8,698 for 2015, 2014 and 2013, respectively,
include costs related to organization consulting, investment advisory, financial advisory, legal and valuation services necessary to acquire and integrate the acquired industrial adhesives business into our existing operating segments.
 
During 2015, we recorded net reversal of workforce reduction costs of $37 and we incurred cash facility exit costs of $2,190, non-cash facility exit costs of $1,474 and other incremental transformation related costs of $312, including the cost of personnel directly working on the integration. During 2014, we incurred workforce reduction costs of $3,233, cash facility exit costs of $25,187, non-cash facility exit costs of $6,863 and other incremental transformation related costs of $8,272, including the cost of personnel directly working on the integration. During 2013, we incurred workforce reduction costs of $9,784, cash facility exit costs of $11,804, non-cash facility exit costs of $6,065 and other incremental transformation related costs of $8,736, including the cost of personnel directly working on the integration.