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