XML 84 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Exit Activity Costs And Asset Impairments | 12 Months Ended
--- | ---
Dec. 31, 2013
Exit Activity Costs And Asset Impairments [Abstract] |
Exit Activity Costs And Asset Impairments | 14. EXIT ACTIVITY COSTS AND ASSET IMPAIRMENTS The Company focuses on being the low-cost provider of its products by reducing operating costs and implementing lean manufacturing initiatives, which have in part led to the consolidation of facilities and product lines. The Company consolidated two, two, and three facilities during 2013, 2012, and 2011, respectively, in this effort. During this process, the Company has incurred exit activity costs, including contract termination costs, severance costs, and other moving and closing costs. The Company has not specifically identified any other facilities to close or consolidate and, therefore, does not expect to incur any material exit activity costs for future restructuring activities. However, if future opportunities for cost savings are identified, other facility consolidations and closings will be considered. The Company incurred asset impairment charges for two facilities in 2013 related to the restructuring activities noted above. The fair values of the impaired assets were determined using a market approach relying upon significant assumptions primarily associated with sales data of assets having similar utility. The following table sets forth the asset impairment charges incurred by segment during the years ended December 31 related to the restructuring activities described above (in thousands):
|  | 2013 |  | 2012 |  | 2011
Residential Products | $ | 1,616 | $ | 1,932 | $ | 448
Industrial and Infrastructure Products |  | – |  | – |  | 1,194
Corporate |  | – |  | 140 |  | –
Total asset impairment charges related to restructuring activities | $ | 1,616 | $ | 2,072 | $ | 1,642
The following table provides a summary of exit activity costs and asset impairments by segment for the years ended December 31 (in thousands):
|  | 2013 |  | 2012 |  | 2011
Residential Products | $ | 2,521 | $ | 2,457 | $ | 1,974
Industrial and Infrastructure Products |  | 113 |  | 1,407 |  | 2,523
Corporate |  | – |  | 140 |  | –
Total exit activity costs and asset impairments | $ | 2,634 | $ | 4,004 | $ | 4,497
The following table provides a summary of where the above exit activity costs and asset impairments are recorded in the consolidated statements of operations for the years ended December 31 (in thousands):
|  | 2013 |  | 2012 |  | 2011
Cost of sales | $ | 2,519 | $ | 3,741 | $ | 3,916
Selling, general, and administrative expense |  | 115 |  | 263 |  | 581
Total exit activity costs and asset impairments | $ | 2,634 | $ | 4,004 | $ | 4,497
The following table reconciles the beginning and ending liability for exit activity costs relating to the Company's facility consolidation efforts (in thousands):
|  | 2013 |  |  | 2012 |
Balance as of January 1 | $ | 1,323 |  | $ | 2,315 |
Exit activity costs recognized |  | 1,018 |  |  | 1,932 |
Cash payments |  | (1,249 | ) |  | (2,924 | )
Balance as of December 31 | $ | 1,092 |  | $ | 1,323 |

X
- 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 Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: 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=6394695&loc=d3e140904-122747 Reference 3: 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=6394695&loc=d3e140864-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 5: 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