Restructuring Reserve And Plant Closures

9 Months Ended

Sep. 29, 2012

Restructuring and Related Activities [Abstract]

Restructuring Reserve and Plant Closures

As a result of the Corporation's ongoing business simplification and cost reduction strategies, the Corporation has closed, consolidated and realigned a number of its office furniture facilities during the past few years. In connection with these closures, consolidations and realignments, the Corporation recorded $0.2 million and $1.8 million of charges during the three and nine months ended September 29, 2012 which included $0.2 million and $1.4 million of current period restructuring costs and $0.0 million and $0.4 million of accelerated depreciation recorded in cost of sales, respectively.

The following is a summary of changes in restructuring accruals during the nine months ended September 29, 2012.



(In thousands)	Severance			Facility Exit Costs & Other			Total
Balance as of December 31, 2011	$	1,068		$	31		$	1,099
Restructuring charges	(43		)	1,404			1,361
Cash payments	(538		)	(1,435		)	(1,973		)
Balance as of September 29, 2012	$	487		$	—		$	487

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, 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.

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