XML 94 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Exit Activity Costs and Asset Impairments | 6 Months Ended
--- | ---
Jun. 30, 2014
Restructuring and Related Activities [Abstract] |
Exit Activity Costs And Asset Impairments | 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. During the six months ended June 30, 2014, the Company consolidated two facilities. As a result, the Company incurred a net change in asset impairment charges of $554,000, the net result of a gain on the sale of one of the consolidated facilities previously impaired in 2013, partially offset by impairment charges for the other facility consolidated during 2014. In 2013, the Company consolidated two facilities in this effort, and also identified two other facilities to close or consolidate, resulting in $616,000 of asset impairment charges along with exit activity costs, including contract termination costs, severance costs, and other moving and closing costs. If future opportunities for cost savings are identified, other facility consolidations and closings will be considered. The following table provides a summary of asset impairments and exit activity costs (recoveries) incurred by segment during the three and six months ended June 30, (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Residential Products | $ | (182 | ) |  | $ | 679 |  |  | $ | 145 |  |  | $ | 710 |
Industrial and Infrastructure Products | 357 |  |  | 72 |  |  | 459 |  |  | 75 |
Corporate | — |  |  | 8 |  |  | — |  |  | — |
Total exit activity costs and asset impairments | $ | 175 |  |  | $ | 759 |  |  | $ | 604 |  |  | $ | 785 |
The following table provides a summary of where the asset impairments and exit activity costs (recoveries) were recorded in the statement of operations for the three and six months ended June 30, (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Cost of sales | $ | (123 | ) |  | $ | 679 |  |  | $ | 202 |  |  | $ | 710 |
Selling, general, and administrative expense | 298 |  |  | 80 |  |  | 402 |  |  | 75 |
Total exit activity costs and asset impairments | $ | 175 |  |  | $ | 759 |  |  | $ | 604 |  |  | $ | 785 |
The following table reconciles the beginning and ending liability for exit activity costs relating to the Company’s facility consolidation efforts (in thousands):
| 2014 |  | 2013
Balance at January 1 | $ | 1,092 |  |  | $ | 1,323 |
Exit activity costs recognized | 1,158 |  |  | 169 |
Cash payments | (1,522 | ) |  | (610 | )
Balance at June 30 | $ | 728 |  |  | $ | 882 |

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 Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: 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 Reference 4: 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=27011515&loc=d3e140904-122747 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration