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Restructuring
12 Months Ended
Dec. 31, 2016
Restructuring And Related Activities [Abstract]  
Restructuring

7.  Restructuring

The charges related to various restructuring programs implemented by the Company are included in selling, general and administrative (“SG&A”) expenses and cost of sales depending on the type of cost incurred. The restructuring charges recognized in the years ended 2015 and 2014 are presented in the following table.  There were no restructuring charges in the year ended 2016.

 

 

 

2015

 

 

2014

 

Segment

 

Cost of

sales

 

 

SG&A

 

 

Total

 

 

Cost of

sales

 

 

SG&A

 

 

Total

 

Distribution

 

$

 

 

$

124

 

 

$

124

 

 

$

 

 

$

764

 

 

$

764

 

Material Handling

 

 

1,340

 

 

 

912

 

 

 

2,252

 

 

 

189

 

 

 

260

 

 

 

449

 

Corporate

 

 

 

 

 

35

 

 

 

35

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,340

 

 

$

1,071

 

 

$

2,411

 

 

$

189

 

 

$

1,024

 

 

$

1,213

 

 

In 2015, the Material Handling Segment consolidated two manufacturing plants, streamlined Brazilian operations, closed a Canadian branch operation and sold a product line. The Company recorded $2.3 million of restructuring cost for these initiatives, primarily related to severance and moving expenses for equipment and inventory.

 

During 2014, the Distribution Segment closed its Canadian branches operating under the name Myers Tire Supply International.  The restructuring actions included closure, lease cancellation and employee related costs, which amounted to approximately $0.8 million.  Restructuring actions under the plan have been completed.

Also during 2014, the Material Handling Segment restructured its sales and finance organization within several of its businesses.  Restructuring costs of $0.4 million were incurred related to these actions.