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Subsequent Events | 12 Months Ended
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Jan. 02, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On January 29, 2016 the Corporation acquired a small office furniture distribution company with annual sales of approximately $27 million at a cost of approximately $34 million. On February 17, 2016 the Corporation approved the closure of its Paris, Kentucky hearth manufacturing facility as part of ongoing efforts to reduce structural costs and enhance efficiencies. The Corporation estimates the consolidation will save $9.0 million annually beginning in 2017. The Corporation estimates pre-tax charges of $8.9 million related to the closure and consolidation.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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