XML 77 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Restructuring Costs and Other Expense (Income), Net
 12 Months Ended
Jan. 03, 2015
Restructuring and Related Activities [Abstract]  
Restructuring Costs and Other Expense (Income), Net
8.    Restructuring Costs and Other Expense (Income), Net
In 2014, the Company recorded restructuring costs of $805,000, including $370,000 related to its 2014 restructuring plans and $435,000 related to its 2013 restructuring plans.
In 2013, the Company recorded restructuring costs and other income, net of $103,000, including $1,843,000 of costs related to its 2013 restructuring plans and $1,740,000 of other income related to a pre-tax gain from the sale of real estate in China.
In 2012, other expense consisted of accelerated depreciation of $307,000 associated with the disposal of equipment in China related to a facility consolidation.
2014 Restructuring Plans
The Company recorded total restructuring costs of $370,000, including severance costs of $321,000 associated with the reduction of eight employees in Brazil and severance costs of $49,000 associated with the reduction of three employees in Sweden. These actions were taken to further streamline the Company's operations in Brazil and Sweden and all occurred in the Papermaking Systems segment.
2013 Restructuring Plans
The Company recorded total restructuring costs of $2,278,000, including severance costs of $1,158,000 associated with the reduction of 22 employees in Brazil and severance costs of $497,000 associated with the reduction of 25 employees in Sweden. Also included in restructuring costs were facility-related costs of $623,000. These actions were taken to streamline the Company's operations as a result of the CBTI and Noss acquisitions. All of these items occurred in the Papermaking Systems segment and were recorded as follows:
•
In 2013, the Company recorded restructuring costs of $1,843,000, including severance costs of $1,158,000 in Brazil and $508,000 in Sweden, and facility-related costs of $177,000.
•
In 2014, the Company recorded further restructuring costs related to its 2013 restructuring plans of $435,000, including additional facility-related costs of $446,000, net of income from a reduction in severance and associated costs of $11,000 in Sweden.
2011 and 2008 Restructuring Plans
The Company recorded restructuring costs of $408,000 in 2011 in its Papermaking Systems segment consisting of severance and associated costs related to the reduction of 73 employees in China to adjust the Company's cost structure and streamline its operations.
In 2014, the Company paid the remaining amounts owed for severance under the 2008 Restructuring Plan totaling $31,000.

A summary of the changes in accrued restructuring costs are as follows:
(In thousands)
 
Severance
Costs
 
Other
Costs
 
Total
Costs
2014 Restructuring Plans
 
 
 
 
 
 
Provision
 
$
370

 
$
—

 
$
370

Usage
 
(267
)
 
—

 
(267
)
Currency translation
 
(56
)
 
—

 
(56
)
Balance at January 3, 2015
 
$
47

 
$
—

 
$
47

2013 Restructuring Plans
 
 
 
 
 
 
Provision
 
$
1,666

 
$
177

 
$
1,843

Usage
 
(1,038
)
 
(177
)
 
(1,215
)
Currency translation
 
(161
)
 
—

 
(161
)
Balance at December 28, 2013
 
$
467

 
$
—

 
$
467

Provision
 
(11
)
 
446

 
435

Usage
 
(334
)
 
(445
)
 
(779
)
Currency translation
 
(82
)
 
(1
)
 
(83
)
Balance at January 3, 2015
 
$
40

 
$
—

 
$
40

2011 Restructuring Plan
 
 

 
 

 
 

Balance at December 31, 2011
 
$
408

 
$
—

 
$
408

Provision reversal
 
(67
)
 
—

 
(67
)
Usage
 
(256
)
 
—

 
(256
)
Currency translation
 
3

 
—

 
3

Balance at December 29, 2012
 
$
88

 
$
—

 
$
88

Usage
 
(38
)
 
—

 
(38
)
Currency translation
 
2

 
—

 
2

Balance at December 28, 2013
 
$
52

 
$
—

 
$
52

Usage
 
(36
)
 
—

 
(36
)
Currency translation
 
—

 
—

 
—

Balance at January 3, 2015
 
$
16

 
$
—

 
$
16



The Company expects to pay the remaining accrued restructuring costs in 2015.