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EXIT OR DISPOSAL ACTIVITIES | 3 Months Ended
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Mar. 30, 2014
EXIT OR DISPOSAL ACTIVITIES [Abstract] |
EXIT OR DISPOSAL ACTIVITIES | 14. EXIT OR DISPOSAL ACTIVITIES From time to time, the Company will incur costs to implement exit or disposal efforts for specific operations. These exit or disposal plans, each of which is approved by the Company's Board of Directors, focus on various aspects of operations, including closing and consolidating certain processing facilities, rationalizing headcount and aligning operations in the most strategic and cost-efficient structure. Specific exit or disposal efforts that were ongoing during either the thirteen weeks ended March 30, 2014 or the thirteen weeks ended March 31, 2013 included the following:
(In thousands, except positions eliminated) |  |  |
Earliest implementation date |  | October 2008
Latest expected completion date |  | September 2014
Positions eliminated |  |  | 3,052
Costs incurred and expected to be incurred: |  |  |
Employee-related costs |  | $ | 3,016
Asset impairment costs |  |  | 25,018
Inventory valuation costs |  |  | 682
Live operations rationalization costs |  |  | 15,207
Other exit or disposal costs |  |  | 370
Total exit or disposal costs |  | $ | 44,293
Costs incurred since earliest implementation date: |  |  |
Employee-related costs |  | $ | 3,016
Asset impairment costs |  |  | 25,018
Inventory valuation costs |  |  | 682
Live operations rationalization costs |  |  | 14,723
Other exit or disposal costs |  |  | 370
Total exit or disposal costs |  | $ | 43,809
| Thirteen Weeks Ended
| March 30, 2014 |  | March 31, 2013
| (In thousands)
Employee-related costs | $ | 524 |  | $ | -
Inventory valuation costs |  | 338 |  |  | -
Live operations rationalization costs |  | 481 |  |  | 484
Other exit or disposal costs |  | 370 |  |  | -
Total exit or disposal costs | $ | 1,713 |  | $ | 484
The exit or disposal costs reflected above related to facility closures between 2008 and 2014. Significant facilities closed included one processing plant in 2008, two processing plants in 2009, two processing plants in the transition period, one processing plant in 2011 and one processing plant in 2014. The transition period began September 27, 2009 and ended December 27, 2009 and resulted from the Company's change in its fiscal year end from the Saturday nearest September 30 each year to the last Sunday in December of each year. These costs were classified as Administrative restructuring charges on the accompanying Condensed Consolidated Statements of Income because management believed these costs were not directly related to the Company's ongoing operations. Accrued severance costs are included in Accrued expenses and other current liabilities and accrued inventory charges are included in Inventories on the accompanying Condensed Consolidated Balance Sheets. The following table sets forth activity that was recorded through the Company's accrued exit or disposal cost accounts during the thirteen weeks ended March 30, 2014.
|  | Accrued |  | Accrued |  |  |  |
|  | Severance |  | Inventory Charges |  | Total
|  |  |  |  |  | (In thousands) |  |  |  |
Balance at December 29, 2013 |  | $ | - |  |  | $ | - |  | $ | - |
Accruals |  |  | 524 |  |  |  | 141 |  |  | 665 |
Payment /Disposal |  |  | (243 | ) |  |  | - |  |  | (243 | )
Adjustments |  |  | - |  |  |  | - |  |  | - |
Balance at March 30, 2014 |  | $ | 281 |  |  | $ | 141 |  | $ | 422 |
We continue to review and evaluate various restructuring and other alternatives to streamline our operations, improve efficiencies and reduce costs. Such initiatives may include selling assets, consolidating operations and functions and voluntary and involuntary employee separation programs. Any such actions may require us to obtain the pre-approval of our lenders under our credit facilities. In addition, such actions will subject the Company to additional short-term costs, which may include asset impairment charges, lease commitment costs, employee retention and severance costs and other costs. Certain of these activities may have a disproportionate impact on our income relative to the cost savings in a particular period.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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