XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.5.0.2

RESTRUCTURING ACTIVITIES | 9 Months Ended
--- | ---
Sep. 24, 2016
Restructuring and Related Activities [Abstract] |
RESTRUCTURING ACTIVITIES | RESTRUCTURING ACTIVITIES 2016 Plan In July 2016, the Company identified a restructuring plan in Australia/New Zealand (the "2016 Plan") focused primarily on closing and consolidating locations within the Energy and Mining and Coatings segments. During the last six months of fiscal 2016, the Company estimates it will incur the following pre-tax expenses from the 2016 Plan:
|  | Energy & Mining |  | Coatings |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 365 |  |  | $ | 380 |  |  | $ | — |  |  | $ | 745 |
Other cash restructuring expenses |  | 1,588 |  |  | 285 |  |  | — |  |  | 1,873 |
Asset impairments/net loss on disposals |  | 815 |  |  | — |  |  | — |  |  | 815 |
Total cost of sales |  | 2,768 |  |  | 665 |  |  | — |  |  | 3,433 |
Severance |  | 240 |  |  | 715 |  |  | — |  |  | 955 |
Other cash restructuring expenses |  | 140 |  |  | — |  |  | 225 |  |  | 365 |
Total selling, general and administrative expenses |  | 380 |  |  | 715 |  |  | 225 |  |  | 1,320 |
Consolidated total |  | $ | 3,148 |  |  | $ | 1,380 |  |  | $ | 225 |  |  | $ | 4,753 |
During the third quarter of fiscal 2016, the Company recognized the following pre-tax restructuring expenses:
|  | Energy & Mining |  | Coatings |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 155 |  |  | $ | 69 |  |  | $ | — |  |  | $ | 224 |
Other cash restructuring expenses |  | 533 |  |  | — |  |  | — |  |  | 533 |
Asset impairments/net loss on disposals |  | 618 |  |  | — |  |  | — |  |  | 618 |
Total cost of sales |  | 1,306 |  |  | 69 |  |  | — |  |  | 1,375 |
Severance |  | 161 |  |  | 236 |  |  | — |  |  | 397 |
Other cash restructuring expenses |  | 140 |  |  | — |  |  | 225 |  |  | 365 |
Total selling, general and administrative expenses |  | 301 |  |  | 236 |  |  | 225 |  |  | 762 |
Consolidated total |  | $ | 1,607 |  |  | $ | 305 |  |  | $ | 225 |  |  | $ | 2,137 |
2015 Plan In April 2015, the Company's Board of Directors authorized a broad restructuring plan (the "2015 Plan") to respond to the market environment in certain businesses. During fiscal 2015, the Company substantially completed this 2015 Plan and recognized $21,708 of pre-tax restructuring expenses in cost of sales and $18,144 of pre-tax restructuring expenses in selling, general, and administrative expenses. Within the total fiscal 2015 pre-tax restructuring expense of $39,852 were pre-tax asset impairments of $19,836. During fiscal 2016, the Company recognized the following pre-tax restructuring cash expense related to the 2015 Plan:
• | Utility segment recognized $528 (cost of sales)
• | Engineered Support Structures (ESS) recognized $587 (SG&A)
• | Corporate recorded $1,572 (SG&A) and
• | Coatings recognized $241 (SG&A).
During the third quarter of fiscal 2015, the Company recognized the following pre-tax restructuring expenses:
|  | ESS |  | Energy & Mining |  | Utility |  | Coatings |  | Irrigation |  | Other/ Corporate |  | TOTAL
Severance |  | $ | 149 |  |  | $ | 1,260 |  |  | $ | 204 |  |  | $ | 120 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,733 |
Other cash restructuring expenses |  | 284 |  |  | 500 |  |  | 674 |  |  | 138 |  |  | — |  |  | — |  |  | 1,596 |
Asset impairments/net loss on disposals |  | — |  |  | 890 |  |  | 43 |  |  | 548 |  |  | — |  |  | — |  |  | 1,481 |
Total cost of sales |  | 433 |  |  | 2,650 |  |  | 921 |  |  | 806 |  |  | — |  |  | — |  |  | 4,810 |
Severance |  | 1,201 |  |  | 284 |  |  | — |  |  | — |  |  | 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 |  | 1,201 |  |  | 284 |  |  | 238 |  |  | — |  |  | 52 |  |  | 2,215 |  |  | 3,990 |
Consolidated total |  | $ | 1,634 |  |  | $ | 2,934 |  |  | $ | 1,159 |  |  | $ | 806 |  |  | $ | 52 |  |  | $ | 2,215 |  |  | $ | 8,800 |
Liabilities recorded for the restructuring plans and changes therein for the first three quarters of fiscal 2016 were as follows:
|  | Balance at December 26, 2015 |  | Recognized Restructuring Expense |  | Costs Paid or Otherwise Settled |  | Balance at September 24, 2016
Severance |  | $ | 1,307 |  |  | $ | 1,449 |  |  | $ | (1,431 | ) |  | $ | 1,325 |
Other cash restructuring expenses |  | 1,426 |  |  | 2,998 |  |  | (2,999 | ) |  | 1,425 |
Total |  | $ | 2,733 |  |  | $ | 4,447 |  |  | $ | (4,430 | ) |  | $ | 2,750 |

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration