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Separation Costs and Activities (Notes)
3 Months Ended
Mar. 31, 2015
Separation Costs and Activities [Abstract]  
Proposed Spin-off Transaction [Text Block]
Separation Costs and Activities
On January 29, 2015, the company announced that its Board of Directors approved a plan to pursue a separation of the company’s Crane and Foodservice businesses into two independent, publicly-traded companies (the “separation”). The company currently anticipates effecting the separation through a tax-free spin-off of the Foodservice business and expects the separation to be completed in the first quarter of 2016.
In connection with the separation activities, the Board of Directors has designated Mr. Kenneth Krueger to serve as a Board liaison with senior management which will require that he meet with senior management on a regular basis.  The Board has agreed that Mr. Krueger will be paid $.03 million per month for those additional services.
In April 2015, the company issued a total of 0.4 million restricted stock awards to employees as retention awards to provide additional incentive for the employees to continue in employment and contribute toward the successful completion of the separation. Under the retention agreements, each employee was granted restricted shares of common stock of the company that will vest on the second anniversary of the separation if the employee has been continuously employed with the company or an affiliate through that second anniversary.
During the three months ended March 31, 2015, the company recorded $1.5 million of separation costs consisting of professional and consulting fees.