Restructuring and Other Charges

3 Months Ended

Mar. 28, 2015

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 "2015 Plan" and the "2014 Plan"); and (ii) a plan related to the integration of certain assets of National into existing envelope operations (the "National Plan").

2015 Plan

During the first quarter of 2015, the Company began implementing the 2015 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 2015 Plan during the 2016 fiscal year.

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.

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. The Company expects to be complete with the National Plan in 2015.

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 several 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 the Residual Plans other than modifications to current assumptions for lease terminations, multi-employer pension withdrawal liabilities and ongoing expenses related to maintaining restructured assets.

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

2015 Activity

Restructuring and other charges for the three months ended March 28, 2015 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	$	270		$	—	$	—	$	—		$	—	$	—	$	270
	Residual Plans	—			—		—		(22		)	40		40		58
	Acquisition Integration Plans	39			1,895		8		275			—		247		2,464
Total Envelope		309			1,895		8		253			40		287		2,792
Print
	2015 Plan	60			—		—		—			—		—		60
	2014 Plan	125			116		13		—			—		563		817
	Residual Plans	(54		)	—		—		58			132		24		160
Total Print		131			116		13		58			132		587		1,037
Label and Packaging
	2015 Plan	150			—		—		—			—		—		150
	2014 Plan	273			—		—		—			—		—		273
Total Label and Packaging		423			—		—		—			—		—		423
Corporate
	2015 Plan	88			—		—		—			—		—		88
	Residual Plans	—			—		—		—			—		14		14
Total Corporate		88			—		—		—			—		14		102
Total Restructuring and Other Charges		$	951		$	2,011	$	21	$	311		$	172	$	888	$	4,354

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
	Residual Plans	$	(1	)	$	—		$	—	$	(198	)	$	32	$	16	$	(151	)
	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
	Residual Plans	388			(22		)	1		77			716		839		1,999
Total Print		395			(22		)	1		77			716		839		2,006
Label and Packaging
	2014 Plan	251			—			—		—			—		—		251
	Residual Plans	26			—			—		14			—		—		40
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

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
2015 Plan
Balance as of December 27, 2014	$	—		$	—		$	—		$	—		$	—
Accruals, net	298			—			—			—			298
Payments	(257		)	—			—			—			(257		)
Balance as of March 28, 2015	$	41		$	—		$	—		$	—		$	41
2014 Plan
Balance as of December 27, 2014	$	1,506		$	—		$	—		$	—		$	1,506
Accruals, net	668			—			—			576			1,244
Payments	(1,486		)	—			—			(576		)	(2,062		)
Balance as of March 28, 2015	$	688		$	—		$	—		$	—		$	688
Residual Plans
Balance as of December 27, 2014	$	54		$	677		$	18,700		$	—		$	19,431
Accruals, net	(54		)	36			172			78			232
Payments	—			(144		)	(849		)	(78		)	(1,071		)
Balance as of March 28, 2015	$	—		$	569		$	18,023		$	—		$	18,592
Acquisition Integration Plans
Balance as of December 27, 2014	$	77		$	1,136		$	—		$	—		$	1,213
Accruals, net	39			275			—			255			569
Payments	(63		)	(573		)	—			(255		)	(891		)
Balance as of March 28, 2015	$	53		$	838		$	—		$	—		$	891
Total Restructuring Liability	$	782		$	1,407		$	18,023		$	—		$	20,212