XML 30 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
RESTRUCTURING CHARGES
12 Months Ended
Dec. 28, 2018
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND OTHER CHARGES
RESTRUCTURING CHARGES
The Company considers restructuring activities to be programs whereby Anixter fundamentally changes its 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 restructuring activities:
 
Restructuring Activity
 
Q2 2018
Plan
 
Q2 2016
Plan
 
Q4 2015
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)
 
Employee-Related Costs (a)
 
Facility Exit and Other Costs (b)
Balance at December 30, 2016
$

 
$

 
$
1.9

 
$
1.2

 
$
1.3

 
$
3.2

 
$
1.2

Payments and other

 

 
(1.4
)
 
(0.7
)
 
(0.7
)
 
(2.1
)
 
(0.7
)
Balance at December 29, 2017
$

 
$

 
$
0.5

 
$
0.5

 
$
0.6

 
$
1.1

 
$
0.5

Charges
9.6

 
0.5

 

 
(0.4
)
 
(0.3
)
 
9.3

 
0.1

Payments and other
(2.9
)
 
(0.3
)
 
(0.5
)
 
(0.1
)
 
(0.1
)
 
(3.5
)
 
(0.4
)
Balance at December 28, 2018
$
6.7

 
$
0.2

 
$

 
$

 
$
0.2

 
$
6.9

 
$
0.2


(a)
Employee-related costs primarily consist of severance benefits provided to employees who have been involuntarily terminated.
(b)
Facility exit and other costs primarily consist of lease termination costs.
Q2 2018 Restructuring Plan
In the second quarter of 2018, the Company recorded a pre-tax charge of $2.1 million, $1.3 million and $1.1 million in its NSS, EES and UPS segments, respectively, and an additional $5.4 million at its corporate headquarters, primarily for severance-related expenses associated with a reduction of approximately 260 positions. In the third quarter of 2018, the Company recorded an additional $0.2 million charge at its corporate headquarters. The $10.1 million charge related to the Q2 2018 plan primarily reflects actions related to facilities consolidation, systems integration and back office functions. This charge was included in "Operating expenses" in the Company's Consolidated Statement of Income for fiscal year 2018. The majority of the remaining charge included in accrued expenses of $6.9 million as of December 28, 2018 is expected to be paid by the fourth quarter of 2019.