Restructuring and Related Activities (Notes)

9 Months Ended

Sep. 28, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

15. RESTRUCTURING ACTIVITIES

Beginning in fiscal 2013 the Company announced the closure of several of its manufacturing and warehouse facilities and consolidation into existing facilities to simplify manufacturing operations in its Electrical segment. As a result of these closures, the Company incurred expenses including employee termination and plant relocation costs. The employee termination expenses are accrued over the employees remaining service period while the plant relocation costs are expensed as incurred.

The following is a reconciliation of provisions and payments for the restructuring projects for the three and nine months ended September 27, 2014 and September 28, 2013, respectively (in millions):



	Three Months Ended						Nine Months Ended
	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
Beginning balance	$	7.3		$	2.6		3.9			3.1
Provision	3.0			1.2			10.8			3.5
Payments	(1.8		)	(0.3		)	(6.2		)	(3.1		)
Ending Balance	$	8.5		$	3.5		$	8.5		$	3.5

The following is a reconciliation of expenses by type for the restructuring projects for the three and nine months ended September 27, 2014 and September 28, 2013, respectively (in millions):



	Three Months Ended				Nine Months Ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Employee termination expenses	$	1.8	$	0.6	$	5.2	$	1.3
Facility related costs	0.8		0.4		3.7		1.3
Other	0.4		0.2		1.9		0.9
Total restructuring expenses	$	3.0	$	1.2	$	10.8	$	3.5

For the three months ended September 27, 2014 and September 28, 2013, restructuring charges recorded in Cost of Sales were $3.0 million and $1.2 million, respectively. For the nine months ended September 27, 2014 and September 28, 2013, restructuring charges recorded in Cost of Sales were $10.5 million and $2.7 million, respectively. For the three months ended September 27, 2014 and September 28, 2013, there were no restructuring charges recorded in Operating Expenses. For the nine months ended September 27, 2014 and September 28, 2013, there were $0.3 million and $0.8 million of restructuring expenses recorded in Operating Expenses, respectively.

The Company's current restructuring activities are expected to conclude by the end of 2015. The Company expects to record aggregate future charges of approximately $7.3 million which includes $3.3 million of employee termination expenses and $4.0 million of facility related and other costs.

- 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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