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Restructuring and Other Charges
12 Months Ended
Dec. 27, 2014
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
Restructuring and Other Charges
Cost Savings, Restructuring and Integration Plans
 
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 focused on overhead cost eliminations, including headcount reductions, and the closure of certain manufacturing facilities. The Company substantially completed 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. The Company is substantially complete with the accelerated integration of these assets, which has included the closure and consolidation of nine manufacturing facilities into existing envelope operations and two new facilities, as of the end of 2014.
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 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 year ended 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014 Plan
 
$
145

 
$

 
$

 
$

 
$

 
$

 
$
145

 
2013 Plan
 
(4
)
 

 

 

 

 

 
(4
)
 
2012 Plan
 

 

 

 
(198
)
 

 
1

 
(197
)
 
Residual Plans
 

 

 

 

 
140

 
88

 
228

 
Acquisition Integration Plans
 
2,019

 
2,793

 
3,432

 
1,949

 

 
3,816

 
14,009

Total Envelope
 
2,160

 
2,793

 
3,432

 
1,751

 
140

 
3,905

 
14,181

Print
 

 

 

 

 

 

 

 
2014 Plan
 
597

 
(747
)
 
11

 

 

 
376

 
237

 
2013 Plan
 
299

 
(41
)
 

 
172

 

 
457

 
887

 
2012 Plan
 

 

 

 
20

 
749

 

 
769

 
Residual Plans
 

 

 

 
170

 
371

 
657

 
1,198

Total Print
 
896

 
(788
)
 
11

 
362

 
1,120

 
1,490

 
3,091

Label and Packaging
 


 


 


 


 


 


 


 
2014 Plan
 
1,039

 

 

 

 

 

 
1,039

 
2013 Plan
 
8

 

 

 

 

 

 
8

 
Residual Plans
 

 

 

 
42

 

 

 
42

Total Label and Packaging
 
1,047

 

 

 
42

 

 

 
1,089

Corporate
 
 


 


 


 


 


 


 


 
2014 Plan
 
4,016

 

 

 

 

 
46

 
4,062

 
2013 Plan
 

 

 

 

 

 
15

 
15

 
Residual Plans
 

 

 

 

 

 
20

 
20

Total Corporate
 
4,016

 

 

 

 

 
81

 
4,097

Total Restructuring and Other Charges
 
$
8,119

 
$
2,005

 
$
3,443

 
$
2,155

 
$
1,260

 
$
5,476

 
$
22,458


2013 Activity

Restructuring and other charges for the year ended 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
 
$
232

 
$

 
$
10

 
$
215

 
$

 
$
65

 
$
522

 
2012 Plan
 
(37
)
 
118

 
193

 
300

 

 
728

 
1,302

 
Residual Plans
 

 

 

 

 
107

 
13

 
120

 
Acquisition Integration Plans
 
448

 
1,030

 
1,274

 
37

 

 
743

 
3,532

Total Envelope
 
643

 
1,148

 
1,477

 
552

 
107

 
1,549

 
5,476

Print
 

 

 

 

 

 

 

 
2013 Plan
 
2,688

 

 

 
104

 

 
224

 
3,016

 
2012 Plan
 
(74
)
 
147

 
39

 
11

 

 
56

 
179

 
Residual Plans
 

 

 
10

 
454

 
346

 
284

 
1,094

Total Print
 
2,614

 
147

 
49

 
569

 
346

 
564

 
4,289

Label and Packaging
 


 


 


 


 


 


 


 
2013 Plan
 
1,239

 

 

 
9

 

 
13

 
1,261

 
2012 Plan
 
25

 

 

 

 

 

 
25

 
Residual Plans
 
(4
)
 

 

 
(135
)
 

 

 
(139
)
Total Label and Packaging
 
1,260

 

 

 
(126
)
 

 
13

 
1,147

Corporate
 


 


 
 

 
 

 
 

 
 

 
 

 
2013 Plan
 
1,940

 

 

 
64

 

 
64

 
2,068

 
Residual Plans
 
23

 

 

 

 

 
97

 
120

Total Corporate
 
1,963

 

 

 
64

 

 
161

 
2,188

Total Restructuring and Other Charges
 
$
6,480

 
$
1,295

 
$
1,526

 
$
1,059

 
$
453

 
$
2,287

 
$
13,100


2012 Activity

Restructuring and other charges for the year ended 2012 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
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2012 Plan
 
$
1,483

 
$
441

 
$
35

 
$
319

 
$

 
$
68

 
$
2,346

 
Residual Plans
 
(12
)
 

 

 
13

 
168

 
153

 
322

 
Acquisition Integration Plans
 
1,029

 
1,199

 
414

 
172

 

 
679

 
3,493

Total Envelope
 
2,500

 
1,640

 
449

 
504

 
168

 
900

 
6,161

Print
 

 

 

 

 

 

 

 
2012 Plan
 
2,241

 
6,220

 
572

 
337

 
5,400

 
1,571

 
16,341

 
Residual Plans
 
532

 
535

 
47

 
156

 
(486
)
 
964

 
1,748

Total Print
 
2,773

 
6,755

 
619

 
493

 
4,914

 
2,535

 
18,089

Label and Packaging
 


 


 


 


 


 


 


 
2012 Plan
 
1,288

 

 
6

 

 

 
13

 
1,307

 
Residual Plans
 
364

 

 

 
162

 

 
185

 
711

 
Acquisition Integration Plans
 

 

 
(4
)
 

 

 

 
(4
)
Total Label and Packaging
 
1,652

 

 
2

 
162

 

 
198

 
2,014

Corporate
 
 


 


 


 


 


 


 


 
2012 Plan
 
646

 

 

 

 

 

 
646

 
Residual Plans
 

 

 

 

 

 
190

 
190

Total Corporate
 
646

 

 

 

 

 
190

 
836

Total Restructuring and Other Charges
 
$
7,571

 
$
8,395

 
$
1,070

 
$
1,159

 
$
5,082

 
$
3,823

 
$
27,100

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 Cost
 
Lease Termination
 
Pension
Withdrawal
Liabilities
 
Building Clean-up,
Equipment Moving
and Other Expenses
 
Total
2014 Plan
 
 
 
 
 
 
 
 
 
 
Balance as of the year ended 2013
 
$

 
$

 
$

 
$

 
$

Accruals, net
 
5,797

 

 

 
433

 
6,230

Payments
 
(4,291
)
 

 

 
(433
)
 
(4,724
)
Balance as of the year ended 2014
 
$
1,506

 
$

 
$

 
$

 
$
1,506

 
 
 
 
 
 
 
 
 
 
 
2013 Plan
 
 
 
 
 
 
 
 
 
 
Balance as of the year ended 2012
 
$

 
$

 
$

 
$

 
$

Accruals, net
 
6,099

 
392

 

 
376

 
6,867

Payments
 
(5,262
)
 
(336
)
 

 
(376
)
 
(5,974
)
Balance as of the year ended 2013
 
837

 
56

 

 

 
893

Accruals, net
 
303

 
172

 

 
472

 
947

Payments
 
(1,086
)
 
(225
)
 

 
(472
)
 
(1,783
)
Balance as of the year ended 2014
 
$
54

 
$
3

 
$

 
$

 
$
57

 
 
 
 
 
 
 
 
 
 
 
2012 Plan
 
 
 
 
 
 
 
 
 
 
Balance as of the year ended 2012
 
$
1,199

 
$
493

 
$
5,400

 
$

 
$
7,092

Accruals, net
 
(86
)
 
311

 

 
1,016

 
1,241

Payments
 
(1,113
)
 
(477
)
 

 
(1,016
)
 
(2,606
)
Balance as of the year ended 2013
 

 
327

 
5,400

 

 
5,727

Accruals, net
 

 
(178
)
 
749

 
1

 
572

Payments
 

 
(124
)
 
(481
)
 
(1
)
 
(606
)
Balance as of the year ended 2014
 
$

 
$
25

 
$
5,668

 
$

 
$
5,693

 
 
 
 
 
 
 
 
 
 
 
Residual Plans
 
 
 
 
 
 
 
 
 
 
Balance as of the year ended 2012
 
$
127

 
$
2,017

 
$
19,519

 
$

 
$
21,663

Accruals, net
 
19

 
319

 
453

 
404

 
1,195

Payments
 
(146
)
 
(1,319
)
 
(4,817
)
 
(404
)
 
(6,686
)
Balance as of the year ended 2013
 

 
1,017

 
15,155

 

 
16,172

Accruals, net
 

 
212

 
511

 
765

 
1,488

Payments
 

 
(580
)
 
(2,634
)
 
(765
)
 
(3,979
)
Balance as of the year ended 2014
 
$

 
$
649

 
$
13,032

 
$

 
$
13,681

 
 
 
 
 
 
 
 
 
 
 
Acquisition Integration Plans
 
 
 
 
 
 
 
 
 
 
Balance as of the year ended 2012
 
$
298

 
$
1,088

 
$

 
$

 
$
1,386

Accruals, net
 
448

 
37

 

 
2,017

 
2,502

Acquisition
 

 
1,985

 

 

 
1,985

Payments
 
(591
)
 
(607
)
 

 
(2,017
)
 
(3,215
)
Balance as of the year ended 2013
 
155

 
2,503

 

 

 
2,658

Accruals, net
 
2,019

 
1,949

 

 
7,248

 
11,216

Payments
 
(2,097
)
 
(3,316
)
 

 
(7,248
)
 
(12,661
)
Balance as of the year ended 2014
 
$
77

 
$
1,136

 
$

 
$

 
$
1,213

 
 
 
 
 
 
 
 
 
 
 
Total Restructuring Liability
 
$
1,637

 
$
1,813

 
$
18,700

 
$

 
$
22,150