XML 27 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6

RESTRUCTURING AND ASSET IMPAIRMENTS

12 Months Ended

Apr. 29, 2012

RESTRUCTURING AND ASSET IMPAIRMENTS

2. RESTRUCTURING AND ASSET IMPAIRMENTS

Accrued restructuring costs were $40,000 and $44,000 at April 29, 2012 and May 1, 2011, respectively. Our accrued restructuring costs related to our upholstery fabrics segment.

The following summarizes the activity in the restructuring accrual (dollars in thousands):

		Employee Termination Benefits				Lease Termination and Other Exit Costs				Total
balance, May 3, 2009		$	389				464				853
adjustments in fiscal 2010			(186	)			(14	)			(200	)
paid in fiscal 2010			(190	)			(139	)			(329	)
balance, May 2, 2010		$	13				311				324
adjustments in fiscal 2011			(14	)			24				10
paid in fiscal 2011			1				(291	)			(290	)
balance, May 1, 2011		$	-				44				44
adjustments in fiscal 2012			-				-				-
paid in fiscal 2012			-				(4	)			(4	)
balance, April 29, 2012		$	-				40				40

Fiscal 2012

No restructuring and related charges or credits were recorded in fiscal 2012.

Fiscal 2011

During fiscal 2011, we recorded a $28,000 restructuring charge, of which $28,000 related to an impairment charge on equipment classified as held for sale (see Note 3), a charge of $24,000 for lease termination and other exit costs, offset by a credit of $14,000 for employee termination benefits, and a credit of $10,000 for sales proceeds received on equipment with no carrying value. This $28,000 restructuring charge was recorded in restructuring expense in the 2011 Consolidated Statement of Net Income and relates to the upholstery fabrics segment.

Fiscal 2010

During fiscal 2010, we recorded a restructuring and related credit of $312,000, of which a credit of $186,000 was for employee termination benefits, a credit of $170,000 for sales proceeds received on equipment with no carrying value, a credit of $50,000 was inventory markdowns, a credit of $14,000 for lease termination and other exit costs, offset by a charge of $108,000 for other operating costs associated with closed plant facilities. Of this total credit, a charge of $58,000 was recorded to cost of sales and a credit of $370,000 was recorded to restructuring credit in the 2010 Consolidated Statement of Net Income and relates to the upholstery fabrics segment.

X

- Definition

The entire disclosure for aggregate costs incurred during the period for restructuring, remediation, implementation, integration and asset impairment activities. Description of restructuring activities such as exit and disposal activities, could 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. This would also include disclosure of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_RestructuringImpairmentAndOtherActivitiesDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration