XML 36 R20.htm IDEA: XBRL DOCUMENT v3.3.1.900
SEVERANCE, RESTRUCTURING AND RELATED CHARGES
12 Months Ended
Dec. 31, 2015
SEVERANCE, RESTRUCTURING AND RELATED CHARGES [Abstract]  
SEVERANCE, RESTRUCTURING AND RELATED CHARGES
Note 14.SEVERANCE, RESTRUCTURING AND RELATED CHARGES

In the first quarter of 2015, the Company committed to a plan to move its manufacturing facility from Bridgeton, Missouri to Jefferson City, Missouri.  Management estimates the resulting severance, restructuring and related charges will be approximately $6.2 million, of which $1.6 million will be for contract termination costs, $0.7 million will be for severance costs and $3.9 million will be for other relocation associated costs. The relocation is expected to be completed by the end of the first quarter of 2016. These costs are outlined in the below tables for the year ended December 31, (amounts in thousands):

  
2015
 
    
Contract termination costs
 
$
1,600
 
Severance costs
  
651
 
Other associated costs
  
3,342
 
Total restructuring costs
 
$
5,593
 

  
Contract
Termination
Costs
  
Severance
Costs
  
Other
Associated
Costs
  
Total
 
Restructuring liabilities at December 31, 2014
 
$
-
  
$
-
  
$
-
  
$
-
 
Additions
  
1,600
   
651
   
3,342
   
5,593
 
Payments
  
(1,600
)
  
(539
)
  
(2,679
)
  
(4,818
)
Other
  
-
   
-
   
-
   
-
 
Restructuring liabilities at December 31, 2015
 
$
-
  
$
112
  
$
663
  
$
775
 

In February 2015, the Company paid a $1.6 million early termination fee to exit the lease of its Bridgeton, Missouri facility. The early termination fee is included within severance, restructuring and related charges.

We recognized a gain of $0.7 million related to liabilities from the acceleration of the lease term, which is recorded in general and administrative expenses.
 
In addition, the Company entered into a new lease for its manufacturing operations in Jefferson City, Missouri in March 2015. The Company received a $1.7 million incentive payment upon signing of the lease and received additional incentive payments of $0.5 million, as well as $0.1 million from the county and $0.4 from the city in 2015, which are included in other liabilities. The incentive payments will be recognized straight-line over the term of the lease in cost of goods sold.