XML 26 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 7 - Plant Restructuring
 3 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
7.
Plant Restructuring
 
The following table summarizes the rollforward of restructuring charges and related asset impairment charges recorded and the accruals established:
 
   
R e s t r u c t u r i n g   P a y a b l e
  
   
Severance
    
Other Costs
    
Total
  
   
(In thousands)
  
                         
Balance March 31, 2018
   $
561
     $
9,465
     $
10,026
  
First quarter charge
    
1,763
      
149
      
1,912
  
Cash payments/write offs
    
(1,270
 )    
10
      
(1,260
 )
Balance June 30, 2018
   $
1,054
     $
9,624
     $
10,678
  
                         
                         
   
Severance
    
Other Costs
    
Total
  
   
(In thousands)
  
                         
Balance March 31, 2017
   $
37
     $
305
     $
342
  
First quarter charge
    
36
      
36
      
72
  
Cash payments/write offs
    
(34
 )    
(341
 )    
(375
 )
Balance July 1, 2017
   $
39
     $
-
     $
39
  
 
 
During the quarter ended
June 30, 2018,
the Company recorded a total restructuring charge of
$1,820,000
related to the closing of plants in the West and Northwest of which
$1,763,000
was related to severance cost, and
$149,000
was related to other costs (mostly equipment moves) which were partially offset by an asset impairment correction of $(
92,000
)
 
During the quarter ended
July 1, 2017,
the Company recorded a total restructuring charge of
$81,000
related to the previous closing of a Northwest plant.  There were severance changes of
$36,000,
other costs of
$36,000
and impairment charges of
$9,000.