Subsequent Event

3 Months Ended

Mar. 31, 2017

Subsequent Events [Abstract]

Subsequent Event

Subsequent Event

In April 2017, the Company committed to a restructuring plan related to the Technical Nonwovens segment which will include plant consolidations that are expected to commence in the second half of 2017 and conclude within 24 months. The consolidation of certain plants is expected to reduce operating costs, increase efficiency and enhance the Company’s flexibility by better aligning its manufacturing footprint with the customer base. Accordingly, the Company expects to record pre-tax charges of approximately $5.0 million, of which approximately $4.5 million will result in future cash expenditures, over the period of consolidation. Approximately $2.5 million of charges are expected during the second half of 2017, predominately in the fourth quarter of 2017. The Company also expects to incur cash expenditures of approximately $3.5 million for capital expenditures associated with this plan.