Note 13 - Material Overcharge Settlement

9 Months Ended

Sep. 30, 2017

Legal Matters and Contingencies [Text Block]

(

)

Material Overcharge Settlement

The Company was a participant in a class action lawsuit against a number of polyurethane foam suppliers (“Defendants”) that was settled during the

second

quarter of

2016.

The suit was filed to recover damages and obtain injunctive relief for Defendants’ alleged violations of the federal antitrust laws with respect to the fixing of prices of polyurethane foam sold from

January 1, 1999

through

August 2010.

During the

three

- and

nine

-month periods ended

September 30, 2017,

the Company received settlement amounts of

and approximately

$121,000,

respectively. During the

three

- and

nine

-month periods ended

September 30, 2016,

the Company received settlement amounts of approximately

$1.7

million and

$2.1

million, respectively. The settlement amounts for the

three

- and

nine

-month periods ended

September 30, 2017

and

2016

are recorded as “Material overcharge settlement” in the operating income section of the Condensed Consolidated Statements of Income.