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Note 3 - Restructuring Charges
9 Months Ended
Jun. 30, 2018
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
- and
nine
-month periods ended
July 1, 2017:
 
   
 
 
 
 
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
 
Restructuring charges
   
25
     
-
     
25
 
Cash payments
   
(25
)    
(68
)    
(93
)
Liability as of April 1, 2017
  $
-
    $
97
    $
97
 
                         
Restructuring charges
   
60
     
-
     
60
 
Cash payments
   
(60
)    
(79
)    
(139
)
Liability as of July 1, 2017
  $
-
    $
18
    $
18
 
 
We do
not
expect to incur any additional restructuring charges related to the consolidation of our PC strand operations.