RESTRUCTURING AND OTHER CHARGES

3 Months Ended

Apr. 01, 2016

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND OTHER CHARGES

RESTRUCTURING AND OTHER CHARGES

We consider restructuring activities to be programs whereby we fundamentally change our operations, such as closing and consolidating facilities, reducing headcount and realigning operations in response to changing market conditions. The following table summarizes activity related to liabilities associated with our restructuring activities:

	Restructuring Activity
	Q4 2015 Plan					Q2 2015 Plan			Q4 2012 Plan		Total
	Employee-Related Costs (a)			Facility Exit and Other Costs (b)		Employee-Related Costs (a)			Facility Exit and Other Costs (b)		Employee-Related Costs (a)			Facility Exit and Other Costs (b)
Balance at January 1, 2016	$	3.0		$	0.2	$	1.0		$	0.4	$	4.0		$	0.6
Payments and other	(1.0		)	—		(0.1		)	—		(1.1		)	—
Balance at April 1, 2016	$	2.0		$	0.2	$	0.9		$	0.4	$	2.9		$	0.6

(a) Employee-related costs primarily consist of termination benefits provided to employees who have been involuntarily terminated.

(b) Facility exit and other costs primarily consist of lease termination costs.

Q4 2015 Restructuring Plan

In the fourth quarter of 2015, we recorded a pre-tax charge of $1.0 million, $2.3 million and $0.1 million in our Network & Security Solutions ("NSS"), EES and UPS segments, respectively, primarily for severance-related expenses associated with a reduction of approximately 80 positions. The $3.4 million charge primarily reflects actions we are taking to improve efficiencies in conjunction with the acquisition of Power Solutions. This charge was included in "Operating expenses" in our Consolidated Statement of Comprehensive Income (Loss) for fiscal year 2015. The majority of the remaining charge included in accrued expenses of $2.2 million as of April 1, 2016 is expected to be paid by the fourth quarter of 2016.

Q2 2015 Restructuring Plan

In the second quarter of 2015, we recorded a pre-tax charge of $3.0 million and $2.2 million in our NSS and EES segments, respectively, and an additional $0.1 million at our corporate headquarters for severance-related expenses associated with a reduction of approximately 100 positions. The $5.3 million charge reflects actions we took to improve efficiencies and eliminate the stranded costs in conjunction with the sale of the Fasteners business. In the fourth quarter of 2015, we reduced the charge by $0.5 million, primarily in our EES segment, due to a reduction in estimated future obligations under the plan. This charge was included in "Operating expenses" in our Consolidated Statement of Comprehensive Income (Loss) for fiscal year 2015. The majority of the remaining charge included in accrued expenses of $0.9 million as of April 1, 2016 is expected to be paid by the second quarter of 2016.

Q4 2012 Restructuring Plan

In the fourth quarter of 2012, recognizing the ongoing challenging global economic conditions, we took aggressive actions to restructure our costs across all segments and geographies, resulting in a pre-tax charge of $4.1 million and $2.8 million in our NSS and EES segments, respectively. The $6.9 million restructuring charge primarily consisted of severance-related expenses associated with a reduction of over 200 positions. This charge was included in "Operating expenses" in our Consolidated Statement of Income for fiscal year 2012. At April 1, 2016, the majority of the remaining charge included in accrued expenses of $0.4 million is expected to be paid in 2016.