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Restructuring and Related Charges

9 Months Ended

Sep. 28, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

6. Restructuring and Related Charges

In 2012, we made the strategic decision to consolidate our corporate office and High Point showroom into a single multi-purpose facility in High Point, North Carolina. During the current nine month period, we recorded $532 in restructuring charges in selling, general and administrative expenses for severance and relocation costs associated with this move and consolidation.

Restructuring accrual activity for the nine months ending September 28, 2013 was as follows:

		Lease Obligations		Severance and other termination costs		Total

Accrual at January 1, 2013	$	732	$	-	$	732
Charges to expense		-		532		532
Cash payments		(183)		(449)		(632)
Accrual at September 28, 2013	$	549	$	83	$	632

Restructuring accrual activity for the nine months ending September 29, 2012 was as follows:

		Lease		Severance and other		Other
		Obligations		termination costs		Cost		Total

Accrual at January 1, 2012	$	499	$	57	$	50	$	606
Charges and adjustments to expense		418		17		(40)		395
Cash payments		(124)		(74)		(10)		(208)
Accrual at September 29, 2012	$	793	$	-	$	-	$	793

The restructuring accrual is classified as “Other accrued expenses”.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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