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Note 5 - Restructuring Charges and Acquisition Costs
 12 Months Ended
Oct. 03, 2015
Notes to Financial Statements  
Restructuring Charges and Acquisition Costs [Text Block]
(5
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Restructuring Charges and Acquisition Costs
 
Restructuring charges
.
Subsequent to the ASW Acquisition, in 2014, the Company incurred employee separation costs for staffing reductions associated with the acquisition. In February 2015, the Company elected to consolidate its PC strand operations with the closure of the Newnan, Georgia facility that had been acquired through the ASW Acquisition, which was completed in March 2015.
 
Following is a summary of the restructuring activities and associated costs that were incurred during 2015 and 2014:
 
 
 
Asset
 
 
 
 
 
 
Severance and
 
 
 
 
 
 
Gain on Sale
 
 
 
 
 
(In thousands)
 
Impairment
 
 
Equipment
 
 
Other Employee
 
 
Facility
 
 
of Property
 
 
 
 
 
 
 
Charges
 
 
Relocation Costs
 
 
Separation Costs
 
 
Closure Costs
 
 
and Equipment
 
 
Total
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liability as of September 27, 2014
   $ -     $ -     $ 1,208     $ -     $ -     $ 1,208  
Restructuring charges (recoveries)
     543       79       75       547       (895 )     349  
Cash payments
     -       (79 )     (548 )     (547 )     -       (1,174 )
Non-cash charges
     (543 )     -       -       -       895       352  
Liability as of October 3, 2015
   $ -     $ -     $ 735     $ -     $ -     $ 735  
                                                 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructuring charges
  $ -     $ -     $ 1,247     $ -     $ -     $ 1,247  
Cash payments
     -       -       (39 )     -       -       (39 )
Liability as of September 27, 2014
   $ -     $ -     $ 1,208     $ -     $ -     $ 1,208  
 
As of October 3, 2015, the Company recorded restructuring liabilities amounting to $0.7 million on its consolidated balance sheet, including $0.5 million in accrued expenses and $0.2 million in other liabilities. As of September 27, 2014 the Company recorded restructuring liabilities amounting to $1.2 million on its consolidated balance sheet, including $0.5 million in accrued expenses and $0.7 million in other liabilities. The Company does not currently expect to incur any significant restructuring charges during 2016.
 
Acquisition costs.
During 2014, the Company recorded $0.6 million of acquisition-related costs associated with the ASW Acquisition for legal, accounting and other professional fees.