XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 3 - Restructuring Charges
 3 Months Ended
Dec. 30, 2017
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
(
3
) Restructuring Charges
 
In
fiscal
2014,
we purchased substantially all of the assets associated with the prestressed concrete strand (“PC strand”) business of American Spring Wire Corporation (the “ASW Acquisition”). Subsequent to the ASW Acquisition, in fiscal
2014,
we incurred employee separation costs for staffing reductions associated with the acquisition. In
February 2015,
we elected to consolidate our PC strand operations with the closure of the Newnan, Georgia facility that had been acquired through the ASW Acquisition, which was completed in
March 2015.
 
Following is a
summary of the restructuring activities and associated costs that were incurred during the prior year
three
-month period ended
December 31, 2016:
 
   
 
 
 
  
Severance and
    
 
 
 
(In thousands)
  
Equipment
    
Other Employee
    
 
 
 
   
Relocation Costs
    
Separation Costs
    
Total
  
Liability as of October 1, 2016
   $
31
     $
239
     $
270
  
Restructuring charges
    
48
      
-
      
48
  
Cash payments
    
(79
 )    
(74
 )    
(153
 )
Liability as of December 31, 2016
   $
-
     $
165
     $
165
  
 
We
do
not
expect to incur any additional restructuring charges during fiscal
2018
related to the consolidation of our PC strand operations.