Restructuring and Other Charges

3 Months Ended

Mar. 29, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Other Charges

Restructuring and Other Charges

The Company currently has three active cost savings, restructuring and integration plans: (i) two plans related to the implementation of cost savings initiatives focused on overhead cost eliminations, including headcount reductions, and the potential closure of certain manufacturing facilities (the "2014 Plan" and the "2013 Plan"); and (ii) the plan related to the integration of certain assets of National into existing envelope operations (the "National Plan").

2014 Plan

During the first quarter of 2014, the Company began implementing the 2014 Plan, which primarily focuses on overhead cost eliminations, including headcount reductions, and the potential closure of certain manufacturing facilities. The Company expects to be substantially complete with the 2014 Plan during the 2015 fiscal year.

2013 Plan

During the first quarter of 2013, the Company began implementing the 2013 Plan, which primarily focuses on overhead cost eliminations, including headcount reductions, and the potential closure of certain manufacturing facilities. The Company expects to be substantially complete with the 2013 Plan during the 2014 fiscal year.

Acquisition Integration Plans

Upon the completion of the acquisition of certain assets of National, the Company developed and began implementing the National Plan. Since the date of acquisition, activities related to the National Plan included the closure and consolidation of a warehouse and two manufacturing facilities into the Company's existing envelope operations, and the elimination of duplicative headcount. The Company expects the National Plan to be completed during the 2015 fiscal year.

Upon the completion of the Envelope Product Group ("EPG") acquisition, the Company developed and implemented its plan to integrate EPG into its existing envelope operations (the "EPG Plan"). Since the date of acquisition, activities related to the EPG Plan have included the closure and consolidation of five manufacturing facilities into the Company's existing operations and the elimination of duplicative headcount. The Company has substantially completed the EPG Plan.

2012 Plan

In 2012, the Company announced the closure and consolidation of a print plant and an envelope plant into its existing print operations. Additionally, the Company began implementing a cost savings initiative (the "2012 Plan"), which primarily focused on the Company's print and envelope segments and corporate expenses. This initiative focused on the consolidation of office and warehouse space and other overhead cost elimination plans, including headcount reductions.

Residual Plans

The Company currently has certain residual cost savings, restructuring and integration plans (the "Residual Plans"). As a result of these cost savings actions over the last eight years, the Company has closed or consolidated a significant amount of manufacturing facilities and has had a significant number of headcount reductions.

The Company does not anticipate any significant future expenses related to either the 2012 Plan or the Residual Plans.

The following tables present the details of the expenses recognized as a result of these plans.

2014 Activity

Restructuring and other charges for the three months ended March 29, 2014, were as follows (in thousands):

		Employee Separation Costs			Asset Charges Net of Gain on Sale			Equipment Moving Expenses		Lease Termination Expenses			Multi-Employer Pension Withdrawal Expenses			Building Clean-up & Other Expenses		Total
Envelope
	2013 Plan	$	(1	)	$	—		$	—	$	—		$	—		$	—	$	(1	)
	2012 Plan	—			—			—		(198		)	—			—		(198		)
	Residual Plans	—			—			—		—			32			16		48
	Acquisition Integration Plans	93			601			636		1,390			—			448		3,168
Total Envelope		92			601			636		1,192			32			464		3,017
Print
	2014 Plan	7			—			—		—			—			—		7
	2013 Plan	388			(22		)	—		133			—			292		791
	2012 Plan	—			—			—		4			729			—		733
	Residual Plans	—			—			1		(60		)	(13		)	547		475
Total Print		395			(22		)	1		77			716			839		2,006
Label and Packaging
	2014 Plan	251			—			—		—			—			—		251
	2013 Plan	26			—			—		—			—			—		26
	Residual Plans	—			—			—		14			—			—		14
Total Label and Packaging		277			—			—		14			—			—		291
Corporate
	2014 Plan	604			—			—		—			—			29		633
Total Corporate		604			—			—		—			—			29		633
Total Restructuring and Other Charges		$	1,368		$	579		$	637	$	1,283		$	748		$	1,332	$	5,947

2013 Activity

Restructuring and other charges for the three months ended March 30, 2013, were as follows (in thousands):

		Employee Separation Costs			Asset Charges Net of Gain on Sale		Equipment Moving Expenses		Lease Termination Expenses			Multi-Employer Pension Withdrawal Expenses		Building Clean-up & Other Expenses		Total
Envelope
	2013 Plan	$	42		$	—	$	10	$	—		$	—	$	—	$	52
	2012 Plan	(10		)	—		44		48			—		208		290
	Residual Plans	—			—		—		—			23		5		28
	Acquisition Integration Plans	518			—		203		(26		)	—		75		770
Total Envelope		550			—		257		22			23		288		1,140
Print
	2013 Plan	706			—		—		—			—		—		706
	2012 Plan	(73		)	147		39		2			—		4		119
	Residual Plans	—			—		10		52			56		38		156
Total Print		633			147		49		54			56		42		981
Label and Packaging
	2013 Plan	251			—		—		—			—		4		255
	Residual Plans	(4		)	—		—		24			—		—		20
Total Label and Packaging		247			—		—		24			—		4		275
Corporate
	2013 Plan	1,725			—		—		—			—		21		1,746
	Residual Plans	23			—		—		—			—		17		40
Total Corporate		1,748			—		—		—			—		38		1,786
Total Restructuring and Other Charges		$	3,178		$	147	$	306	$	100		$	79	$	372	$	4,182

A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands):

	Employee Separation Costs			Lease Termination Expenses			Multi-Employer Pension Withdrawal Expenses			Building Clean-up, Equipment Moving and Other Expenses			Total
2014 Plan
Balance as of December 28, 2013	$	—		$	—		$	—		$	—		$	—
Accruals, net	862			—			—			29			891
Payments	(801		)	—			—			(29		)	(830		)
Balance as of March 29, 2014	$	61		$	—		$	—		$	—		$	61
2013 Plan
Balance as of December 28, 2013	$	837		$	56		$	—		$	—		$	893
Accruals, net	413			133			—			292			838
Payments	(633		)	(46		)	—			(292		)	(971		)
Balance as of March 29, 2014	$	617		$	143		$	—		$	—		$	760
2012 Plan
Balance as of December 28, 2013	$	—		$	327		$	5,400		$	—		$	5,727
Accruals, net	—			(194		)	729			—			535
Payments	—			(31		)	—			—			(31		)
Balance as of March 29, 2014	$	—		$	102		$	6,129		$	—		$	6,231
Residual Plans
Balance as of December 28, 2013	$	—		$	1,017		$	15,155		$	—		$	16,172
Accruals, net	—			(46		)	19			564			537
Payments	—			30			(566		)	(564		)	(1,100		)
Balance as of March 29, 2014	$	—		$	1,001		$	14,608		$	—		$	15,609
Acquisition Integration Plans
Balance as of December 28, 2013	$	155		$	2,503		$	—		$	—		$	2,658
Accruals, net	93			1,390			—			1,084			2,567
Payments	(202		)	(663		)	—			(1,084		)	(1,949		)
Balance as of March 29, 2014	$	46		$	3,230		$	—		$	—		$	3,276
Total Restructuring Liability	$	724		$	4,476		$	20,737		$	—		$	25,937