Multiemployer (Multiemployer plans [Member])

12 Months Ended

Dec. 31, 2014

Multiemployer plans [Member]

Defined Benefit Plan Disclosure [Line Items]

Pension and Other Postretirement Benefits Disclosure [Text Block]

MULTIEMPLOYER DEFINED BENEFIT PENSION PLANS

As of December 31, 2014, the Company contributes to one multiemployer defined benefit pension plan under the terms contained in a collective bargaining agreement.  The risks of participating in multiemployer plans are different from single-employer plans in the following aspects:

a. Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers.

b. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers.

c. If the Company chooses to stop participating in a multiemployer plan, the Company may be required to pay that plan an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

The Company settled and paid a withdrawal liability for the withdrawal from the Central States Southeast and Southwest Areas Pension Fund as part of a Pressure Sensitive Materials plant closure (refer to Note 6 - Divestiture). The Company recorded charges related to the withdrawal from the GCIU - Employer Retirement Fund as part of its facility consolidation consolidation activities in the years ended December 31, 2013, 2012, and 2011. In December 2013, the Company settled with the GCIU and paid the withdrawal liability in full.

The Company’s participation in these plans for the annual periods ended December 31, 2014, 2013, and 2012 is outlined in the table below. 

Expiration

Multiemployer

Pension Protection

FIP/RP

Company Contributions

Date of

Pension

EIN/Pension

Act Zone Status

Status

(in millions)

Surcharge

Bargaining

Fund

Plan Number

2014

2013

Implemented

2014

2013

2012

Imposed

Agreement

Central States Southeast and Southwest Areas Pension Fund

36-6044243/001

Red

Red

Yes

$

0.6

$

0.9

$

0.9

No

Withdrawn (a)

Warehouse Employees Local 169 & Employers Joint Pension Fund

23-6230368/001

Red

Red

Yes

0.1

0.1

0.1

Yes

5/31/2015

GCIU — Employer Retirement Fund

91-6024903/001

Red

Red

Yes

—

—

0.3

Yes

Withdrawn (b)

$

0.7

$

1.0

$

1.3

(a)  The Company was required to make contributions to the Central States Southeast and Southwest Areas Pension Fund for its Pressure Sensitive Material's Stow, OH facility, which was closed during 2014.

(b) The Company was party to two collective-bargaining agreements that required contributions to GCIU - Employer Retirement Fund.  The Company’s Newark, CA facility closed during 2012. The Company’s Minneapolis, MN facility closed during 2013.

The “EIN Number” column provides the Employer Identification Number (EIN).  Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 2014 and 2013 is for the plan’s year-end at December 31, 2013 and December 31, 2012, respectively.  The zone status is based on information that the Company received from the plan and is certified by the plan’s actuary.  Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.  The “FIP/RP Status Implemented” column indicates plans for which a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) has been implemented.