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Note 5 - Special Charges, Net
12 Months Ended
Dec. 03, 2016
Notes to Financial Statements  
Special Charges [Text Block]
Note
5
:
Special Charges
, net
 
The integration of the industrial adhesives business we acquired in
March
2012
involved a significant amount of restructuring and capital investment to optimize the new combined entity. In addition, we have taken a series of actions in our existing EIMEA operating segment to improve the profitability and future growth prospects of this operating segment. We combined these
two
initiatives into a single project which we refer to as the Business Integration Project. During
2016,
2015
and
2014
we incurred special charges, net of
$(168),
$4,654
and
$51,501,
respectively, for costs related to the Business Integration Project.
 
The following table provides detail of special charges, net:
 
 
 
Fiscal Years
 
 
 
2016
 
 
2015
 
 
2014
 
Acquisition and transformation related costs
 
$
257
 
  $
715
    $
7,946
 
Workforce reduction costs
 
 
-
 
   
(37
)    
3,233
 
Facility exit costs
 
 
(614
)
   
3,664
     
32,050
 
Other related costs
 
 
189
 
   
312
     
8,272
 
Special charges, net
 
$
(168
)
  $
4,654
    $
51,501
 
 
Professional services of
$257,
$715
and
$7,946
for
2016,
2015
and
2014,
respectively,
include costs related to organization consulting, investment advisory, financial advisory, legal and valuation services necessary to acquire and integrate the acquired industrial adhesives business into our existing operating segments.
 
During
2016,
we incurred cash facility exit costs of
$1,313,
non-cash facility exit costs of
$1,675
and other incremental transformation related costs of
$189,
including the cost of personnel directly working on the integration.
Also included in facility exit costs for
2016
is a
$3,602
gain on the sale of our production facility located in Wels, Austria.
During
2015,
we incurred workforce reduction costs of
$37,
cash facility exit costs of
$2,190,
non-cash facility exit costs of
$1,474
and other incremental transformation related costs of
$312,
including the cost of personnel directly working on the integration. During
2014,
we incurred workforce reduction costs of
$3,233,
cash facility exit costs of
$25,187,
non-cash facility exit costs of
$6,863
and other incremental transformation related costs of
$8,272,
including the cost of personnel directly working on the integration.