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Note 3 - Restructuring Actions
 6 Months Ended
Jun. 02, 2018
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
Note
3:
Restructuring Actions
 
The Company has approved restructuring plans consisting of consolidation plans, organizational changes and other actions related to the integration of the operations of Royal Adhesives with the operations of the Company and other actions to optimize operations during the
six
months ended
June 2, 2018
and
June 3, 2017.
The following table summarizes the pre-tax distribution of charges under these restructuring plans by income statement classification:
 
   
Three Months Ended
    
Six Months Ended
  
   
June 2, 2018
    
June 3, 2017
    
June 2, 2018
    
June 3, 2017
  
Cost of sales
  
$
956
    
$
5,252
    
$
1,188
    
$
8,899
  
Selling, general and administrative
    
368
      
382
      
1,965
      
6,903
  
   
$
1,324
    
$
5,634
    
$
3,153
    
$
15,802
  
 
 
The following table summarizes the pre-tax impact of restructuring charges by segment:
 
 
   
Three Months Ended
    
Six Months Ended
  
   
June 2, 2018
    
June 3, 2017
    
June 2, 2018
    
June 3, 2017
  
Americas Adhesives
  
$
53
    
$
39
    
$
856
    
$
1,765
  
EIMEA
    
567
      
1,266
      
525
      
6,055
  
Asia Pacific
    
-
      
35
      
3
      
1,887
  
Construction Adhesives
    
545
      
4,209
      
1,354
      
5,458
  
Engineering Adhesives
    
159
      
85
      
415
      
637
  
   
$
1,324
    
$
5,634
    
$
3,153
    
$
15,802
  
 
 
A summary of the restructuring liability is presented below:
 
   
Employee-
Related
    
Asset-Related
    
Other
    
Total
  
Expenses incurred
   $
10,266
     $
5,394
     $
2,371
     $
18,031
  
Non-cash charges
    
-
      
(4,291
 )    
-
      
(4,291
 )
Cash payments
    
(9,210
 )    
(1,103
 )    
(2,351
 )    
(12,664
 )
Foreign currency translation
    
430
      
-
      
-
      
430
  
Balance at December 2, 2017
   $
1,486
     $
-
     $
20
     $
1,506
  
Expenses incurred
    
2,296
      
642
      
215
      
3,153
  
Non-cash charges
    
-
      
(366
 )    
-
      
(366
 )
Cash payments
    
(1,392
 )    
(276
 )    
(218
 )    
(1,886
 )
Foreign currency translation
    
(30
 )    
-
      
-
      
(30
 )
Balance at June 2, 2018
  
$
2,360
     $
-
     $
17
     $
2,377
  
 
Non-cash charges for the
six
months ended
June 2, 2018
and
June 3, 2017
include accelerated depreciation resulting from the cessation of use of certain long-lived assets and the recording of a provision related to the discontinuance of certain retail and wholesale products. Restructuring liabilities have been classified as a component of other accrued expenses on the Condensed Consolidated Balance Sheets.