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Note 6 - Special Charges, Net
9 Months Ended
Aug. 27, 2016
Notes to Financial Statements  
Special Charges [Text Block]
Note
6
:
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 the third quarter ended August 27, 2016 and August 29, 2015, we incurred special charges, net of $(2,807) and $1,297, respectively, for costs related to the Business Integration Project. During the nine months ended August 27, 2016 and August 29, 2015, we incurred special charges, net of $(2,024) and $4,592, respectively, for costs related to the Business Integration Project. Included in facility exit costs for the three and nine months ended August 27, 2016 is a $3.6 million gain on the sale of our production facility located in Wels, Austria, which closed during the third quarter of 2016.
 
The following table provides detail of special charges, net:
 
 
 
Three Months Ended
 
 
Nine Months Ended
 
 
 
August 27, 2016
 
 
August 29, 2015
 
 
August 27, 2016
 
 
August 29, 2015
 
Acquisition and transformation related costs
 
$
55
 
  $ 48  
 
$
242
 
  $ 595  
Workforce reduction costs
 
 
-
 
    216  
 
 
(1
)
    2  
Facility exit costs
 
 
(2,862
    1,043  
 
 
(2,455
    3,683  
Other related costs
 
 
-
 
    (10 )
 
 
190
 
    312  
Special charges, net
 
$
(2,807
)
  $ 1,297  
 
$
(2,024
)
  $ 4,592