Note 10 - Other Operating Income and Expense

6 Months Ended

Oct. 02, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

10. Other Operating Income and Expense

During the three months ended October 2, 2021, the Company recorded a charge of $2.1 million for a supplemental early retirement plan and a gain of $0.8 million from the sale of a plant in the Midwest. The Company also recorded miscellaneous expenses of $0.6 million, partially offset by miscellaneous income of $0.3 million. During the three months ended September 26, 2020 the Company recorded a charge of $1.2 million for a supplemental early retirement plan and a loss of $0.5 million from the sale of unused fixed assets.

During the six months ended October 2, 2021, the Company recorded a charge of $2.4 million for supplemental early retirement plans, which was offset by a gain from the sale of an aircraft of $1.1 million, a gain of $0.8 million from the sale of a plant in the Midwest and a gain from debt forgiveness of $0.5 million on an economic development loan in which the Company met all required milestones. The Company also recorded miscellaneous expenses of $1.0 million, partially offset by miscellaneous income of $0.7 million. During the six months ended September 26, 2020 the Company recorded a charge of $1.2 million for a supplemental early retirement plan, a loss of $0.5 million from the sale of unused fixed assets, and a loss of $0.4 million on the disposal of equipment from a sold Northwest plant partially offset by a gain on the sale of unused fixed assets of $0.5 million