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RESTRUCTURING ACTIVITIES | 9 Months Ended
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Sep. 26, 2015
Restructuring and Related Activities [Abstract] |
RESTRUCTURING ACTIVITIES | RESTRUCTURING ACTIVITIES In April 2015, the Company's Board of Directors authorized a broad restructuring plan (the "Plan") of up to $60 million to respond to the market environment in certain businesses. We anticipate the Company will recognize the following pre-tax expenses in conjunction with the initial restructuring activities from the Plan announced in 2015:
|  | EIP |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 3,850 |  |  | $ | 1,638 |  |  | $ | 429 |  |  | $ | 245 |  |  | $ | 75 |  |  | $ | 6,237 |
Other cash restructuring expenses |  | 1,612 |  |  | 1,895 |  |  | 178 |  |  | 100 |  |  | — |  |  | 3,785 |
Asset impairments/net loss on disposals |  | 2,573 |  |  | 788 |  |  | 4,699 |  |  | — |  |  | — |  |  | 8,060 |
Total cost of sales |  | 8,035 |  |  | 4,321 |  |  | 5,306 |  |  | 345 |  |  | 75 |  |  | 18,082 |
Severance |  | 4,335 |  |  | 404 |  |  | — |  |  | 629 |  |  | 1,250 |  |  | 6,618 |
Other cash restructuring expenses |  | — |  |  | 328 |  |  | 270 |  |  | — |  |  | — |  |  | 598 |
Asset impairments/net loss on disposals |  | 2,080 |  |  | — |  |  | — |  |  | 130 |  |  | 3,700 |  |  | 5,910 |
Total selling, general and administrative expenses |  | 6,415 |  |  | 732 |  |  | 270 |  |  | 759 |  |  | 4,950 |  |  | 13,126 |
Consolidated total |  | $ | 14,450 |  |  | $ | 5,053 |  |  | $ | 5,576 |  |  | $ | 1,104 |  |  | $ | 5,025 |  |  | $ | 31,208 |
The Company is currently evaluating additional potential restructuring activities estimated at $8 million of asset impairments and $5 million of cash expenses. The following is a summary of the segments affected by these additional potential restructuring activities under current evaluation and the estimated pre-tax expense:
|  | EIP |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 2,000 |  |  | $ | 250 |  |  | $ | 2,250 |
Other cash restructuring expenses |  | 700 |  |  | 250 |  |  | 950 |
Asset impairments/net loss on disposals |  | 3,800 |  |  | 500 |  |  | 4,300 |
Total cost of sales |  | 6,500 |  |  | 1,000 |  |  | 7,500 |
Severance |  | 500 |  |  | 1,150 |  |  | 1,650 |
Asset impairments/net loss on disposals |  | 600 |  |  | 3,500 |  |  | 4,100 |
Total selling, general and administrative expenses |  | 1,100 |  |  | 4,650 |  |  | 5,750 |
Consolidated total |  | $ | 7,600 |  |  | $ | 5,650 |  |  | $ | 13,250 |
(3) RESTRUCTURING ACTIVITES (Continued) During the third quarter of fiscal 2015, the Company recognized the following pre-tax restructuring expenses:
|  | EIP |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 1,819 |  |  | $ | 204 |  |  | $ | 120 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,143 |
Other cash restructuring expenses |  | 354 |  |  | 674 |  |  | 138 |  |  | — |  |  | — |  |  | 1,166 |
Asset impairments/net loss on disposals |  | 910 |  |  | 43 |  |  | 548 |  |  | — |  |  | — |  |  | 1,501 |
Total cost of sales |  | 3,083 |  |  | 921 |  |  | 806 |  |  | — |  |  | — |  |  | 4,810 |
Severance |  | 1,485 |  |  | — |  |  | — |  |  | 52 |  |  | 400 |  |  | 1,937 |
Other cash restructuring expenses |  | — |  |  | 238 |  |  | — |  |  | — |  |  | — |  |  | 238 |
Asset impairments/net loss on disposals |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,815 |  |  | 1,815 |
Total selling, general and administrative expenses |  | 1,485 |  |  | 238 |  |  | — |  |  | 52 |  |  | 2,215 |  |  | 3,990 |
Consolidated total |  | $ | 4,568 |  |  | $ | 1,159 |  |  | $ | 806 |  |  | $ | 52 |  |  | $ | 2,215 |  |  | $ | 8,800 |
In the first three quarters of 2015, the Company recognized the following pre-tax restructuring expenses:
|  | EIP |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 2,814 |  |  | $ | 1,813 |  |  | $ | 429 |  |  | $ | — |  |  | $ | 73 |  |  | $ | 5,129 |
Other cash restructuring expenses |  | 399 |  |  | 820 |  |  | 178 |  |  | — |  |  | — |  |  | 1,397 |
Asset impairments/net loss on disposals |  | 1,707 |  |  | 338 |  |  | 4,699 |  |  | — |  |  | — |  |  | 6,744 |
Total cost of sales |  | 4,920 |  |  | 2,971 |  |  | 5,306 |  |  | — |  |  | 73 |  |  | 13,270 |
Severance |  | 2,835 |  |  | 405 |  |  | — |  |  | 271 |  |  | 640 |  |  | 4,151 |
Other cash restructuring expenses |  | — |  |  | 238 |  |  | 270 |  |  | — |  |  | — |  |  | 508 |
Asset impairments/net loss on disposals |  | 2,080 |  |  | — |  |  | — |  |  | 130 |  |  | 3,705 |  |  | 5,915 |
Total selling, general and administrative expenses |  | 4,915 |  |  | 643 |  |  | 270 |  |  | 401 |  |  | 4,345 |  |  | 10,574 |
Consolidated total |  | $ | 9,835 |  |  | $ | 3,614 |  |  | $ | 5,576 |  |  | $ | 401 |  |  | $ | 4,418 |  |  | $ | 23,844 |
Liabilities recorded for the restructuring Plan and changes therein for the first three quarters of fiscal 2015 were as follows:
|  | Balance at December 27, 2014 |  | Recognized Restructuring Expense |  | Costs Paid or Otherwise Settled |  | Balance at September 26, 2015
Severance |  | $ | — |  |  | $ | 9,280 |  |  | $ | (5,501 | ) |  | $ | 3,779 |
Other cash restructuring expenses |  | — |  |  | 1,904 |  |  | (1,664 | ) |  | 240 |
Total |  | $ | — |  |  | $ | 11,184 |  |  | $ | (7,165 | ) |  | $ | 4,019 |

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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 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: 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 3: 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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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