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Note 4 - Restructuring Charges and Acquisition Costs
 9 Months Ended
Jun. 30, 2012
Restructuring Charges And Acquisition Costs [Text Block]
(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 are summaries of the restructuring activities and associated costs that were incurred during the three- and nine-month periods ended June 30, 2012 and July 2, 2011:

(In thousands)  
Severance
and other
employee costs
   
Asset
impairment
charges
   
Facility
closure costs
   
Equipment
relocation costs
   
Total
 
2012
                             
Liability as of October 1, 2011
  $ 65     $ -     $ 77     $ 112     $ 254  
Restructuring charges
    (40 )     (11 )     139       511       599  
Cash payments
    (25 )     -       (216 )     (456 )     (697 )
Non-cash charges
    -       11       -       -       11  
Liability as of December 31, 2011
  $ -     $ -     $ -     $ 167     $ 167  
Restructuring charges
    -       -       -       203       203  
Cash payments
    -       -       -       (208 )     (208 )
Liability as of March 31, 2012
  $ -     $ -     $ -     $ 162     $ 162  
Restructuring charges
    -       -       -       30       30  
Cash payments
    -       -       -       (192 )     (192 )
Liability as of June 30, 2012
  $ -     $ -     $ -     $ -     $ -  
                                         
2011
                                       
Liability as of October 2, 2010
  $ -     $ -     $ -     $ -     $ -  
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  

During the nine-month period ended June 30, 2012, all of the remaining restructuring liabilities were satisfied and the final proceeds were received from the sale of previously impaired machinery and equipment, which have been included in asset impairment charges.

As of July 2, 2011, the Company recorded restructuring liabilities amounting to $556,000 on its consolidated balance sheet, including $59,000 in accounts payable and $497,000 in accrued expenses.

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 or the three- and nine-month periods ended June 30, 2012.