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Restructuring and Impairment Charges
 12 Months Ended
Dec. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring Related and Impairment Charges
Restructuring and Impairment Charges
The Corporation recorded $10.5 million of restructuring costs in 2016 in connection with the previously announced closures of the Paris, Kentucky hearth manufacturing facility and the Orleans, Indiana office furniture manufacturing facility. Specific items incurred include severance and accelerated depreciation. Of these charges, $5.3 million were included in cost of sales. As of December 31, 2016, the estimated fair value of the Paris, Kentucky hearth manufacturing facility of $5.2 million was classified as held for sale and is included in "Prepaid expenses and other current assets" in the Consolidated Balance Sheets.

The Corporation made the decision to exit a line of business within our hearth products segment during 2015. The Corporation incurred $0.9 million of restructuring charges as the result of this decision, of which $0.8 million were included in cost of sales. The Corporation also incurred $0.4 million of restructuring charges in 2015 related to office furniture closures announced in 2014 in the form of facility exit costs partially offset by lower than anticipated post employment costs.

During 2014, the Corporation made decisions to close three office furniture manufacturing facilities located in Florence, Alabama; Chicago, Illinois; and Nalagarh, India and consolidate production into existing office furniture manufacturing facilities. In connection with these decisions, the Corporation recorded $8.8 million of pre-tax charges in 2014, which included $5.2 million of accelerated depreciation on machinery and equipment recorded in cost of sales and $3.6 million of severance and facility exit costs which were recorded as restructuring charges during the year.



The restructuring accrual is classified as current in the Condensed Consolidated Balance Sheets as it is expected to be paid out within the next twelve months. The following table summarizes the restructuring accrual activity since the beginning of fiscal 2014.
 
(In thousands)
Severance
Costs
 
Facility
Termination &
Other Costs
 
Total
Restructuring reserve at December 28, 2013

$49

 

$6

 

$55

Restructuring charges
2,933

 
705

 
3,638

Cash payments
(1,769
)
 
(711
)
 
(2,480
)
Restructuring reserve at January 3, 2015

$1,213

 
—

 

$1,213

Restructuring charges
(750
)
 
1,255

 
505

Cash payments
(257
)
 
(1,240
)
 
(1,497
)
Restructuring reserve at January 2, 2016

$206

 
15

 

$221

Restructuring charges
3,883

 
1,346

 
5,229

Cash Payments
(1,385
)
 
(1,361
)
 
(2,746
)
Restructuring reserve at December 31, 2016

$2,704

 
—

 

$2,704



The Corporation recorded $5.8 million, $11.2 million, and $29.4 million of goodwill and long-lived asset impairments in 2016, 2015, and 2014, respectively. These charges were included in the “Restructuring and Impairment Charges” line item on the Consolidated Statements of Income. See Goodwill and Other Intangible Assets note to consolidated financial statements for more information.