XML 62 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisition Integration Initiatives
3 Months Ended
Mar. 29, 2014
Subsequent Events [Abstract]  
Acquisition Integration Initiatives
14)
Acquisition Integration Initiatives

During the first quarter of 2013, the company began making decisions and taking actions to improve certain of the operations of Viking, purchased on December 31, 2012. These initiatives included organizational restructuring and headcount reductions, consolidation and disposition of certain facilities and business operations, and discontinuation of certain products. These initiatives were substantially completed by the end of 2013. During the three months ended March 29, 2014, the company recorded expense in the amount of $2.6 million for these initiatives, which is reflected in the general and administrative expenses in the consolidated statements of earnings for such period. The costs and corresponding reserve balances are summarized as follows (in thousands):

 
 
Severance/Benefits
 
Inventory/Product
 
Facilities/Operations
 
Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 28, 2013
 
$
1,619

 
$
584

 
$
77

 
$
108

 
$
2,388

Expenses
 
2,548

 
9

 
90

 

 
2,647

Payments
 
(1,707
)
 
(334
)
 
(98
)
 
(11
)
 
(2,150
)
Balance as of March 29, 2014
 
$
2,460

 
$
259

 
$
69

 
$
97

 
$
2,885


The company anticipates that all obligations will be satisfied by the end of the second quarter of 2014. As of March 29, 2014, the company believes the remaining reserve balance is adequate to cover the remaining costs identified.