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Restructuring Charges
9 Months Ended
Nov. 25, 2012
Restructuring Charges [Abstract]  
Restructuring Charges

7. RESTRUCTURING CHARGES

During the 13 weeks and 39 weeks ended November 25, 2012, the Company recorded restructuring charges of $150 and $2,675, respectively, related to the closure of the Company's Nelco Technology (Zhuhai FTZ) Ltd. business unit located in Zhuhai, China. As a result of the closure, the Company expects the total restructuring charges to be $3,200 and expects to record the remaining charges of $525 within the next nine months. The charges include a non-cash asset impairment charge of $3,620 and are net of the recapture of a non-cash cumulative currency translation adjustment of $1,465. The reclassification adjustment of the non-cash cumulative currency translation adjustment is included in exchange rate changes in the consolidated statements of comprehensive income. The Company has a building with a carrying value of $1,890 which is held for sale at its Nelco Technology (Zhuhai FTZ) Ltd. business unit. The Company ceased depreciating this building during the 2013 fiscal year second quarter and expects to sell the building within the next twelve months. The restructuring charges included liabilities remaining at November 25, 2012 of $368 which are expected to be paid with in the next nine months.

During the 2012 fiscal year fourth quarter, the Company recorded pre-tax charges of $1,250 related to the closure of the Company's Park Advanced Composite Materials, Inc. business unit located in Waterbury, Connecticut. The charges for closure of the business unit included a non-cash asset impairment charge of $928. As a result of the closure, the Company expects to record total pre-tax restructuring charges of $2,400. During the 13 weeks and 39 weeks ended November 25, 2012, the Company recorded $409 and $420, of such charges, and the Company expects to record the remaining $730 of such charges during the remainder of the 2013 fiscal year. The Company paid $423 and $691 of such charges in the 13 weeks and 39 weeks, respectively, ended November 25, 2012 and expects to pay the remaining $781 during the 2013 fiscal year. The restructuring charges included liabilities remaining at November 25, 2012 and February 26, 2012 of $51 and $322, respectively.

As of February 26, 2012, the Company had remaining obligations and potential liabilities in the aggregate amount of $1,187 related to the closure of the Neltec Europe SAS printed circuit materials business unit. The Company paid $30 and $91 of these obligations in the 13 weeks and 39 weeks, respectively, ended November 25, 2012 and expects to settle the remaining $1,096 during the 2013 fiscal year.

During the 2004 fiscal year, the Company recorded charges related to the realignment of its North American volume printed circuit materials operations. The charges were for employment termination benefits of $1,258, which were fully paid in fiscal year 2004, and lease and other obligations of $7,292. All costs other than the lease obligations were settled prior to fiscal year 2007. The future lease obligations are payable through September 2013. The remaining balances on the lease obligations relating to the realignment were $120 and $434 as of November 25, 2012 and February 26, 2012, respectively. For the 13 weeks and 39 weeks ended November 25, 2012, the Company applied $142 and $314 of lease payments against such lease obligations.