(4) Restructuring Charges and Acquisition Costs

Restructuring charges. Subsequent to the Ivy Acquisition, the Company elected to consolidate certain of its welded wire reinforcement operations in order to reduce its operating costs, which involved the closure of facilities in Wilmington, Delaware and Houston, Texas. These actions were taken in response to the close proximity of Ivy’s facilities in Hazleton, Pennsylvania and Houston, Texas to the Company’s existing facilities in Wilmington, Delaware and Dayton, Texas. The Houston plant closure was completed in December 2010 and the Wilmington plant closure was completed in May 2011.

Following is a summary of the restructuring activities and associated costs that were incurred during the nine-month period ended July 2, 2011:


	Severance
	and other			Asset			Facility			Equipment
(In thousands)	employee costs			impairment			closure costs			relocation			Total
Restructuring charges	$	979		$	2,868		$	533		$	10		$	4,390
Cash payments		(310	)		—			(75	)		(10	)		(395	)
Non-cash charges		—			(2,868	)		—			—			(2,868	)

Liability as of January 1, 2011	$	669		$	—		$	458		$	—		$	1,127

Restructuring charges		1,176			584			224			229			2,213
Cash payments		(1,486	)		—			(367	)		(145	)		(1,998	)
Non-cash charges		—			(584	)		—			—			(584	)

Liability as of April 2, 2011	$	359		$	—		$	315		$	84		$	758

Restructuring charges		118			683			615			554			1,970
Cash payments		(152	)		—			(758	)		(579	)		(1,489	)
Non-cash charges		—			(683	)		—			—			(683	)

Liability as of July 2, 2011	$	325		$	—		$	172		$	59		$	556

As of July 2, 2011, the Company recorded a liability of $556,000 on its consolidated balance sheet for restructuring liabilities, including $59,000 in accounts payable and $497,000 in accrued expenses. The Company currently expects to incur approximately $1.0 million of additional restructuring charges in connection with the remaining anticipated equipment relocation and facility closure costs through the first quarter of fiscal 2012 and that substantially all of the cash payments related to the restructuring charges will be made before the end of the first quarter of fiscal 2012.

Acquisition costs. During the nine-month period ended July 2, 2011, the Company recorded $3.5 million of acquisition-related costs associated with the Ivy Acquisition for advisory, accounting, legal and other professional fees. The Company did not record any acquisition costs during the three-month period ended July 2, 2011 and does not expect to incur any additional acquisition costs related to the Ivy Acquisition over the remainder of the fiscal year.