Restructuring Costs (Notes)

3 Months Ended

Jan. 03, 2015

Restructuring and Related Activities Disclosure [Text Block]

Restructuring costs for the three months ended January 3, 2015, incurred in the Company's AMER segment, largely relate to the relocation of manufacturing operations from Juarez, Mexico to Guadalajara, Mexico. These charges are recorded within restructuring costs on the Condensed Consolidated Statements of Comprehensive Income. Restructuring liabilities are recorded within other accrued liabilities on the Condensed Consolidated Balance Sheets.

For the three months ended January 3, 2015, the Company incurred restructuring costs of $1.7 million, which consisted of the following:


•	$1.6 million of moving and transition costs resulting from the relocation of manufacturing operations from Juarez to Guadalajara;


•	$0.1 million of employee termination and severance costs from the reduction of the Company's workforce in Juarez

For the three months ended December 28, 2013, the Company incurred restructuring costs of $3.6 million, which consisted of the following:


•	$1.8 million of moving costs to consolidate two existing Neenah, Wisconsin and one existing Appleton, Wisconsin;


•	$1.5 million of rent and associated costs resulting from the early exit of operating leases for two existing Neenah, Wisconsin facilities;


•	$0.3 million of severance from the reduction of the Company's workforce in the Fox Cities, Wisconsin and in the United Kingdom

The Company cannot recognize an income tax benefit for restructuring costs due to existing tax losses in these jurisdictions.

The Company's restructuring accrual activity for the three months ended January 3, 2015 is included in the table below (in thousands):



			Employee			Lease
	Fixed		Termination			Obligations
	Asset		and Severance			and Other
	Impairment		Costs			Exit Costs			Total
Accrued balance, September 27, 2014	$	—	$	142		$	—		$	142
Restructuring costs	—		144			1,547			$	1,691
Amounts utilized	—		(224		)	(1,547		)	$	(1,771	)
Accrued balance, January 3, 2015	$	—	$	62		$	—		$	62

The restructuring accrual balance is expected to be utilized by the end of the second quarter of fiscal 2015.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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