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Note 3 - Restructuring Actions
 9 Months Ended
Sep. 01, 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
nine
months ended
September 1, 2018
and
September 2, 2017.
The following table summarizes the pre-tax distribution of charges under these restructuring plans by income statement classification:
 
   
Three Months Ended
    
Nine Months Ended
  
   
September 1, 2018
    
September 2, 2017
    
September 1, 2018
    
September 2, 2017
  
Cost of sales
   $
1,939
     $
471
     $
3,127
     $
9,370
  
Selling, general and administrative
    
864
      
799
      
2,829
      
7,702
  
    $
2,803
     $
1,270
     $
5,956
     $
17,072
  
 
 
The following table summarizes the pre-tax impact of restructuring charges by segment:
 
   
Three Months Ended
    
Nine Months Ended
  
   
September 1, 2018
    
September 2, 2017
    
September 1, 2018
    
September 2, 2017
  
Americas Adhesives
   $
602
     $
283
     $
1,458
     $
2,048
  
EIMEA
    
478
      
704
      
1,003
      
6,759
  
Asia Pacific
    
3
      
45
      
6
      
1,932
  
Construction Adhesives
    
1,748
      
164
      
3,102
      
5,622
  
Engineering Adhesives
    
(28
 )    
74
      
387
      
711
  
    $
2,803
     $
1,270
     $
5,956
     $
17,072
  
 
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
    
4,151
      
1,554
      
251
      
5,956
  
Non-cash charges
    
-
      
(1,027
 )    
-
      
(1,027
 )
Cash payments
    
(2,198
 )    
(527
 )    
(271
 )    
(2,996
 )
Foreign currency translation
    
(38
 )    
-
      
-
      
(38
 )
Balance at September 1, 2018
   $
3,401
     $
-
     $
-
     $
3,401
  
 
Non-cash charges for the
nine
months ended
September 1, 2018
include accelerated depreciation resulting from the cessation of use of certain long-lived assets. Non-cash charges for the
nine
months ended
September 2, 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.