Restructuring Costs

3 Months Ended

Apr. 04, 2015

Restructuring and Related Activities [Abstract]

2. Restructuring Costs

In the first quarter of 2015, the Company's Papermaking Systems segment recorded restructuring costs of $84,000 for severance costs associated with the reduction of five employees in Canada and Sweden. These actions were taken to streamline the Company's operations in those locations.

In the first quarter of 2014, the Company's Papermaking Systems segment recorded net restructuring costs of $328,000, including facility-related costs of $339,000, net of income from an adjustment in severance costs of $11,000.

A summary of the changes in accrued restructuring costs are as follows:



(In thousands)	Severance Costs


Balance at January 3, 2015	$	103
Provision	84
Usage	(54		)
Currency translation	(11		)
Balance at April 4, 2015	$	122

The Company expects to pay the remaining accrued restructuring costs by the end of 2015.

- 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.

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