Restructuring and Other Charges

12 Months Ended

Jan. 02, 2016

Restructuring and Related Activities [Abstract]

Cost Savings, Restructuring and Integration Plans

The Company currently has two active cost savings, restructuring and integration plans, which are 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").

2015 Plan

During 2015, the Company implemented 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 substantially completed 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 a plan related to the integration of certain assets of National into existing envelope operations (the "National Plan"). The Company completed the National Plan in 2015, which included the closure and consolidation of nine manufacturing facilities into existing envelope operations and two new facilities.

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 year ended 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
	2015 Plan	$	150		$	—	$	—	$	—		$	—	$	—	$	150
	2014 Plan	252			—		—		—			—		—		252
	Residual Plans	—			—		—		(22		)	174		65		217
	Acquisition Integration Plans	45			1,895		33		338			—		570		2,881
Total Envelope		447			1,895		33		316			174		635		3,500
Print
	2015 Plan	397			—		—		—			—		—		397
	2014 Plan	119			116		52		—			4,017		1,069		5,373
	Residual Plans	(54		)	65		—		163			790		119		1,083
Total Print		462			181		52		163			4,807		1,188		6,853
Label
	2015 Plan	20			—		139		—			—		200		359
	2014 Plan	127			—		—		—			—		—		127
Total Label		147			—		139		—			—		200		486
Corporate
	2015 Plan	1,552			—		—		—			—		171		1,723
	Residual Plans	—			—		—		—			—		14		14
Total Corporate		1,552			—		—		—			—		185		1,737
Total Restructuring and Other Charges		$	2,608		$	2,076	$	224	$	479		$	4,981	$	2,208	$	12,576

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
	Residual Plans	(4		)	—			—		(198		)	140		89		27
	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
	Residual Plans	299			(41		)	—		362			1,120		1,114		2,854
Total Print		896			(788		)	11		362			1,120		1,490		3,091
Label
	2014 Plan	149			—			—		—			—		—		149
	Residual Plans	8			—			—		—			—		—		8
Total Label		157			—			—		—			—		—		157
Corporate
	2014 Plan	4,016			—			—		—			—		46		4,062
	Residual Plans	—			—			—		—			—		35		35
Total Corporate		4,016			—			—		—			—		81		4,097
Total Restructuring and Other Charges		$	7,229		$	2,005		$	3,443	$	2,113		$	1,260	$	5,476	$	21,526

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
	Residual Plans	$	195	$	118	$	203	$	515	$	107	$	806	$	1,944
	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
	Residual Plans	2,614		147		49		569		346		564		4,289
Total Print		2,614		147		49		569		346		564		4,289
Label
	Residual Plans	611		—		—		9		—		13		633
Total Label		611		—		—		9		—		13		633
Corporate
	Residual Plans	1,963		—		—		64		—		161		2,188
Total Corporate		1,963		—		—		64		—		161		2,188
Total Restructuring and Other Charges		$	5,831	$	1,295	$	1,526	$	1,194	$	453	$	2,287	$	12,586

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			Pension Withdrawal Liabilities			Building Clean-up, Equipment Moving and Other Expenses			Total

2015 Plan
Balance as of the year ended 2014	$	—		$	—		$	—		$	—		$	—
Accruals, net	2,119			—			—			510			2,629
Payments	(1,843		)	—			—			(510		)	(2,353		)
Balance as of the year ended 2015	$	276		$	—		$	—		$	—		$	276

2014 Plan
Balance as of the year ended 2013	$	—		$	—		$	—		$	—		$	—
Accruals, net	4,907			—			—			433			5,340
Payments	(3,401		)	—			—			(433		)	(3,834		)
Balance as of the year ended 2014	1,506			—			—			—			1,506
Accruals, net	498			—			4,017			1,121			5,636
Payments	(2,001		)	—			(155		)	(1,121		)	(3,277		)
Balance as of the year ended 2015	$	3		$	—		$	3,862		$	—		$	3,865

Residual Plans
Balance as of the year ended 2013	$	837		$	1,400		$	20,555		$	—		$	22,792
Accruals, net	303			164			1,260			1,238			2,965
Payments	(1,086		)	(887		)	(3,115		)	(1,238		)	(6,326		)
Balance as of the year ended 2014	54			677			18,700			—			19,431
Accruals, net	(54		)	141			964			198			1,249
Payments	—			(407		)	(3,684		)	(198		)	(4,289		)
Balance as of the year ended 2015	$	—		$	411		$	15,980		$	—		$	16,391

Acquisition Integration Plans
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
Accruals, net	45			338			—			603			986
Payments	(122		)	(1,082		)	—			(603		)	(1,807		)
Balance as of the year ended 2015	$	—		$	392		$	—		$	—		$	392

Total Restructuring Liability	$	279		$	803		$	19,842		$	—		$	20,924

The total restructuring liability was $20.9 million, of which $3.2 million is included in other current liabilities, and $17.7 million is included in other liabilities in the Company's consolidated balance sheet.