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Executive Officers' Separation and Hiring Costs
3 Months Ended
Mar. 30, 2013
Compensation Related Costs [Abstract]  
Executive Officers' Separation and Hiring Costs
Executive Officers’ Separation and Hiring Costs
On February 20, 2012, David S. Nagle was appointed President, AMI Distribution. On February 24, 2012, Stephen E. Graham resigned from his position as Senior Vice President – Chief Financial Officer and Secretary of the Company. On February 27, 2012, the Company entered into an employment agreement with Paul Morrisroe, pursuant to which he agreed to serve as the Company’s Senior Vice President, Chief Financial Officer and Secretary.
The Company recorded an immaterial amount of expense related to separation and hiring costs, including payroll taxes, certain benefits and related professional fees, for the quarter ended March 30, 2013. Separation and hiring costs, including payroll taxes, certain benefits and related professional fees were $1.6 million for the quarter ended March 31, 2012. These separation and hiring costs have been recorded as a component of selling, general and administrative expenses. As of March 30, 2013, remaining separation costs payable to the Company’s former executives of $2.4 million are accrued, which will be paid at various dates through 2014.