Restructuring Costs and Other Income, Net

12 Months Ended

Jan. 02, 2016

Restructuring and Related Activities [Abstract]

Restructuring Costs and Other Income, Net

Restructuring Costs and Other Income, Net

In 2015, the Company recorded restructuring costs of $515,000 including $344,000 related to its 2015 restructuring plans and $171,000 related to its 2014 restructuring plans.

In 2014, the Company recorded restructuring costs of $805,000, including $370,000 related to its 2014 restructuring plans and $435,000 related to restructuring plans prior to 2014.

In 2013, the Company recorded restructuring costs and other income, net of $103,000, including $1,843,000 of costs related to restructuring plans prior to 2014 and $1,740,000 of other income related to a pre-tax gain from the sale of real estate in China.

2015 Restructuring Plans

In 2015, the Company developed plans to streamline operations in its Papermaking Systems Segment. The Company recorded costs of $344,000 associated with the reduction of 25 employees in Canada and Brazil.

2014 Restructuring Plans

The Company recorded restructuring costs of $541,000 associated with its 2014 restructuring plans. In 2014, the Company recorded severance costs of $321,000 associated with the reduction of eight employees in Brazil. The Company also recorded severance costs of $220,000, including $49,000 and $171,000 in 2014 and 2015 respectively, associated with the reduction of seven employees in Sweden. These actions were taken to further streamline the Company's operations in Brazil and Sweden and all occurred in the Papermaking Systems segment.

Restructuring Plans prior to 2014

The Company recorded total restructuring costs of $2,278,000 in 2013 and 2014, including severance costs of $1,158,000 associated with the reduction of 22 employees in Brazil and severance costs of $497,000 associated with the reduction of 25 employees in Sweden. Also included in restructuring costs were facility-related costs of $623,000. These actions were taken to streamline the Company's operations as a result of the CBTI and Noss acquisitions. All of these actions occurred in the Papermaking Systems segment.

A summary of the changes in accrued restructuring costs are as follows:

(In thousands)	Severance Costs			Other Costs		Total Costs
2015 Restructuring Plans
Provision	$	344		$	—	$	344
Usage	(323		)	—		(323		)
Currency translation	(21		)	—		(21		)
Balance at January 2, 2016	$	—		$	—	$	—
2014 Restructuring Plans
Provision	$	370		$	—	$	370
Usage	(267		)	—		(267		)
Currency translation	(56		)	—		(56		)
Balance at January 3, 2015	$	47		$	—	$	47
Provision	171			—		171
Usage	(214		)	—		(214		)
Currency translation	(4		)	—		(4		)
Balance at January 2, 2016	$	—		$	—	$	—

(In thousands)	Severance Costs			Other Costs			Total Costs
Restructuring Plans Prior to 2014
Balance at December 29, 2012	$	88		$	—		$	88
Provision	1,666			177			1,843
Usage	(1,076		)	(177		)	(1,253		)
Currency translation	(159		)	—			(159		)
Balance at December 28, 2013	$	519		$	—		$	519
Provision	(11		)	446			435
Usage	(370		)	(445		)	(815		)
Currency translation	(82		)	(1		)	(83		)
Balance at January 3, 2015	$	56		$	—		$	56
Provision	—			—			—
Usage	(15		)	—			(15		)
Currency translation	(3		)	—			(3		)
Balance at January 2, 2016	$	38		$	—		$	38

The Company expects to pay the remaining accrued restructuring costs in 2016.