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Note 5 - Restructuring Charges and Acquisition Costs | 12 Months Ended
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Sep. 28, 2013
Restructuring Charges And Acquisition Costs [Abstract] |
Restructuring Charges And Acquisition Costs [Text Block] | (5) Restructuring Charges and Acquisition Costs Restructuring charges. Subsequent to the Ivy Acquisition, the Company elected to consolidate certain of its welded wire reinforcement operations in order to reduce its operating costs, which involved the closure of facilities in Wilmington, Delaware and Houston, Texas. These actions were taken in response to the close proximity of Ivy’s facilities in Hazleton, Pennsylvania and Houston, Texas to the Company’s existing facilities in Wilmington, Delaware and Dayton, Texas. The Houston plant closure was completed in December 2010 and the Wilmington plant closure was completed in May 2011. Following is a summary of the restructuring activities and associated costs that were incurred during 2012 and 2011:
(In thousands) |  | Severance and other employee separation costs |  |  | Asset impairment charges |  |  | Facility closure costs |  |  | Equipment relocation costs |  |  | Total |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liability as of October 1, 2011 |  | $ | 65 |  |  | $ | - |  |  | $ | 77 |  |  | $ | 112 |  |  | $ | 254 |
Restructuring charges, net |  |  | (40 | ) |  |  | (11 | ) |  |  | 139 |  |  |  | 744 |  |  |  | 832 |
Cash payments |  |  | (25 | ) |  |  | - |  |  |  | (216 | ) |  |  | (856 | ) |  |  | (1,097 | )
Non-cash charges |  |  | - |  |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 11 |
Liability as of September 29, 2012 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liability as of October 2, 2010 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Restructuring charges |  |  | 2,263 |  |  |  | 3,825 |  |  |  | 2,606 |  |  |  | 1,233 |  |  |  | 9,927 |
Gain on sale of assets held for sale |  |  | - |  |  |  | - |  |  |  | (1,609 | ) |  |  | - |  |  |  | (1,609 | )
Restructuring charges, net |  |  | 2,263 |  |  |  | 3,825 |  |  |  | 997 |  |  |  | 1,233 |  |  |  | 8,318 |
Cash payments |  |  | (2,198 | ) |  |  | - |  |  |  | (920 | ) |  |  | (1,121 | ) |  |  | (4,239 | )
Non-cash charges |  |  | - |  |  |  | (3,825 | ) |  |  | - |  |  |  | - |  |  |  | (3,825 | )
Liability as of October 1, 2011 |  | $ | 65 |  |  | $ | - |  |  | $ | 77 |  |  | $ | 112 |  |  | $ | 254 |
During 2012, all of the remaining restructuring liabilities were satisfied and the final proceeds were received from the sale of previously impaired machinery and equipment, which have been included in asset impairment charges. Asset impairment charges include the proceeds received from the disposal of certain machinery and equipment that were previously impaired. Facility closure costs in 2011 include a $1.6 million gain from the sale of the Wilmington, Delaware facility, which had been closed in May 2011. Acquisition costs. During 2011, the Company recorded $3.5 million of acquisition-related costs associated with the Ivy Acquisition for advisory, accounting, legal and other professional fees. The Company did not incur any additional acquisition costs related to the Ivy Acquisition in 2012.

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- Definition The entire disclosure for restructuring and related activities and acquisition costs incurred to effect a business combination that have been expensed during the period. 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 No definition available. + Details
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- Details
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