XML 62 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Accrued Expenses (Tables)
 12 Months Ended
Dec. 31, 2018
Accrued Liabilities [Abstract]  
Schedule Of Accrued Expenses
Accrued expenses consist of the following:
(In thousands)
2018
 
2017
Vacation
$
8,946

 
$
8,575

Incentive compensation
6,979

 
7,958

Payrolls, related taxes and medical and other benefits
6,600

 
6,034

Workers’ compensation and disabilities
4,048

 
3,746

Derivative contract liability
2,720

 
558

Accrued utilities
2,420

 
2,177

Accrued freight
2,091

 
1,581

Environmental liabilities (current)
1,990

 
3,110

Customer rebates
1,476

 
1,929

Accrued severance
637

 
783

Other
4,588

 
5,982

Total
$
42,495

 
$
42,433
Schedule Of Reconciliation Of Beginning And Ending Balances Of Accrued Expenses Associated With Asset Impairments And Costs Associated With Exit And Disposal Activities
A reconciliation of the beginning and ending balances of accrued expenses associated with asset impairments and costs related to exit and disposal activities for each of the three years in the period ended December 31, 2018 is as follows:
(In thousands)
Severance(a)
 
Asset Impairments(b)
 
Other(c)
 
Total
Balance at January 1, 2016
$
1,462

 
$
—

 
$
405

 
$
1,867

For the year ended December 31, 2016:
 
 
 
 
 
 
 
Charges
1,535

 
603

 
546

 
2,684

Cash spend
(1,143
)
 
—

 
(397
)
 
(1,540
)
Charges against assets
—

 
(603
)
 
—

 
(603
)
Balance at December 31, 2016
1,854

 
—

 
554

 
2,408

For the year ended December 31, 2017:
 
 
 
 
 
 
 
Charges
589

 
101,595

 
304

 
102,488

Cash spend
(1,816
)
 
—

 
(382
)
 
(2,198
)
Charges against assets
—

 
(101,595
)
 
—

 
(101,595
)
Balance at December 31, 2017
627

 
—

 
476

 
1,103

For the year ended December 31, 2018:
 
 
 
 
 
 
 
Charges
2,654

 
233

 
118

 
3,005

Cash spend
(2,665
)
 
—

 
(434
)
 
(3,099
)
Charges against assets
—

 
(141
)
 
—

 
(141
)
Reversed to income
—

 
(92
)
 
—

 
(92
)
Balance at December 31, 2018
$
616

 
$
—

 
$
160

 
$
776

(a) Severance primarily includes severance payments associated with the consolidation of North American PE Films manufacturing facilities in 2016 and 2017 and with the shutdown of the PE Films Shanghai, China facility in 2018.
(b) Asset impairments in 2017 primarily related to the Flexible Packaging Films’ impairment of $101 million.
(c) Other primarily includes other shutdown-related costs associated with the shutdown and sale of the Company’s aluminum extrusions manufacturing facility in Kentland, Indiana.

Quarterly charges associated with the shutdown of PE Films’ manufacturing facility in Shanghai, China, which includes categories of expenses shown in the table below (Accelerated depreciation and a portion of Other facility consolidation-related costs and Severance & employee related expenses, as noted in the table below, are included in “Cost of goods sold” in the consolidated statements of income):
 
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
2018
($ in millions)
BT
AT
BT
AT
BT
AT
BT
AT
BT
AT
Severance & employee related expenses
—

—

0.4

0.4

1.3

1.3

0.5

0.5

2.2

2.2

Accelerated depreciation
—

—

0.1

0.1

0.4

0.4

0.1

0.1

0.6

0.6

Other facility consolidation-related costs
—

—

0.1

0.1

0.1

0.1

0.3

0.3

0.5

0.5

   Total
—

—

0.6

0.6

1.8

1.8

0.9

0.9

3.3

3.3

 
 
 
 
 
 
 
 
 
 
 
Amount included in “Cost of goods sold” in the consolidated statements of income
—

—

0.2

0.2

0.7

0.7

0.3

0.3

1.2

1.2

Note: BT = before taxes; AT = after taxes