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Restructuring and Related Charges

6 Months Ended

Jun. 29, 2013

Restructuring and Related Activities Disclosure [Text Block]

Restructuring and Related Activities Disclosure [Text Block]

6. Restructuring and Related Charges

In 2012, we made the strategic decision to consolidate our corporate office and High Point showroom into a single multi-purpose facility in High Point, North Carolina. During the current six month period, we recorded $522 in restructuring charges in selling, general and administrative expenses for severance and relocation costs associated with this move and consolidation.

Restructuring accrual activity for the six months ending June 29, 2013 was as follows:

	Lease Obligations	Severance and other termination costs	.	Total
Accrual at January 1, 2013	$ 732	$ -	.	$ 732
Charges to expense	-	522		522
Cash payments	(122)	(235)		(357)
Accrual at June 29, 2013	$ 610	$ 287		$ 897

Restructuring accrual activity for the six months ending June 30, 2012 was as follows:

	Lease Obligations	Severance and other termination costs	Other Cost	Total
Accrual at January 1, 2012	$ 499	$ 57	$ 50	$ 606
Charges and adjustments to expense	418	17	(40)	395
Cash payments	(63)	(74)	(10)	(147)
Accrual at June 30, 2012	$ 854	$ -	$ -	$ 854

The restructuring accrual is classified as “Other accrued expenses”.

- 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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