XML 22 R17.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Restructuring Costs | 12 Months Ended
--- | ---
Dec. 28, 2019
Restructuring and Related Activities [Abstract] |
Restructuring Costs | Restructuring Costs During 2019, the Company experienced a significant decrease in revenues and operating results in its timber-harvesting product line included in its Wood Processing Systems segment, which was acquired in 2017 as part of the Company's acquisition of the forest products business of NII FPG (see Note 2, Acquisitions). Given the decline in this business, which the Company expects to continue into 2020, the Company undertook a restructuring plan in the fourth quarter of 2019 and incurred $192,000 of severance costs, which are included in impairment and restructuring costs in the accompanying consolidated statement of income, associated with the reduction of six employees in Canada. The Company does not expect to incur additional charges related to this restructuring plan. In 2017, the Company constructed a 160,000 square foot manufacturing facility in the United States that integrated its U.S. and Swedish papermaking stock-preparation product lines into a single manufacturing facility to achieve economies of scale and greater efficiencies. As a result of the consolidation and integration of these facilities, the Company developed a restructuring plan totaling $1,920,000, primarily related to costs for the relocation of machinery and equipment and administrative offices, severance, and abandonment of leased facilities in the Papermaking Systems segment. As a result of this plan, the Company recorded restructuring charges of $203,000 in 2017 associated with severance costs for the reduction of four employees in the United States and six employees in Sweden. In 2018, the Company recorded additional restructuring costs of $1,717,000 related to this plan, including $1,318,000 primarily for the relocation of machinery and equipment and administrative offices, $454,000 associated with employee retention costs and abandonment of excess facility and other closure costs, and a reversal of $55,000 of severance costs no longer required. These costs are included in impairment and restructuring costs in the accompanying consolidated statement of income. The Company does not expect to incur additional charges related to this restructuring plan. A summary of the changes in accrued restructuring costs included in other accrued expenses in the accompanying consolidated balance sheet, which are expected to be paid in 2020, are as follows:
(In thousands) |  | Severance |  | Relocation |  | Other (a) |  | Total
2019 Restructuring Plan |  |  |  |  |  |  |  |
Provision |  | $ | 192 |  |  | $ | — |  |  | $ | — |  |  | $ | 192 |
Usage |  | (109 | ) |  | — |  |  | — |  |  | (109 | )
Currency translation |  | 1 |  |  | — |  |  | — |  |  | 1 |
Balance at December 28, 2019 |  | $ | 84 |  |  | $ | — |  |  | $ | — |  |  | $ | 84 |
2017 Restructuring Plan |  |  |  |  |  |  |  |
Provision |  | $ | 203 |  |  | $ | — |  |  | $ | — |  |  | $ | 203 |
Balance at December 30, 2017 |  | 203 |  |  | — |  |  | — |  |  | 203 |
(Reversal) Provision |  | (55 | ) |  | 1,318 |  |  | 454 |  |  | 1,717 |
Usage |  | (77 | ) |  | (1,315 | ) |  | (448 | ) |  | (1,840 | )
Currency translation |  | (8 | ) |  | (3 | ) |  | (6 | ) |  | (17 | )
Balance at December 29, 2018 |  | 63 |  |  | — |  |  | — |  |  | 63 |
Usage |  | — |  |  | — |  |  | — |  |  | — |
Balance at December 28, 2019 |  | $ | 63 |  |  | $ | — |  |  | $ | — |  |  | $ | 63 |
(a) Includes employee retention costs that are accrued ratably over the period through which employees must work to qualify for a payment and facility closure and clean-up costs.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration