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Restructuring Costs
9 Months Ended
Oct. 02, 2011
Restructuring and Related Activities [Abstract] 
Restructuring Costs
Note 7.  Restructuring Costs

2007 Restructuring Program

    In the third quarter of 2007, as a result of a change in management and deteriorating financial performance, the Company conducted an in-depth review of all its operations and developed a new strategic focus. The Company initiated a plan to realign its business operations to improve profitability and increase shareholder value by exiting certain businesses and consolidating some product lines. The restructuring resulted in a total workforce reduction of approximately 250, which has been completed.

      A reconciliation of the restructuring liability for this program, as of October 2, 2011, is as follows:

 (millions of dollars)
Balance as of
 December 31, 2010
 
Additional Provisions (Reversals)
 
Cash Expenditures
Balance as of October 2,
2011
Contract termination costs
$
1.3
   
$
(0.2
)
 
$
(0.3
)
$
0.8
 
Other exit costs
 
--
     
0.9
     
(0.9
)
 
--
 
 
$
1.3
   
$
0.7
   
$
(1.2
)
$
0.8
 

     In the first quarter of 2011, the Company recorded additional restructuring costs associated with our 2007 restructuring of our PCC facility in Germany.      

     Approximately $1.2 million in exit costs were paid in the first nine months of 2011.  The remaining restructuring liability of $0.8 million will be funded from cash flows from operations.

2009 Restructuring Program

      In the second quarter of 2009, the Company initiated a program to improve efficiencies through the consolidation of manufacturing operations and reduction of costs.

     The restructuring program reduced the workforce by approximately 200 employees worldwide.  This reduction in force relates to plant consolidations as well as a streamlining of the corporate and divisional management structures to operate more efficiently.

 
     A reconciliation of the restructuring liability for this program, as of October 2, 2011, is as follows:

 (millions of dollars)
Balance as of
 December 31, 2010
 
Additional Provisions (Reversals)
 
Cash Expenditures
Balance as of October 2,
2011
Severance and other employee benefits
$
2.0
   
$
(0.1
)
 
$
(1.1
)
$
0.8
 
 
$
2.0
   
$
(0.1
)
 
$
(1.1
)
$
0.8
 

     Approximately $0.6 million  and $1.1 million in severance payments were paid in the third quarter and first nine months of 2011, respectively. The remaining liability of $0.8 million will be funded from operating cash flows.




Other Restructuring

     In the fourth quarter of 2009, the Company recorded restructuring charges for the shutdown of its Franklin, Va. satellite facility in connection with the announced closure of the paper mill at that location.  A reconciliation of the restructuring liability for this closure, as of October 2, 2011, is as follows:

 (millions of dollars)
Balance as of
 December 31, 2010
 
Additional Provisions (Reversals)
 
Cash Expenditures
Balance as of October 2,
2011
Severance and other employee benefits
$
0.1
   
$
(0.1
)
 
$
--
 
$
--
 
 
$
0.1
   
$
(0.1
)
 
$
--
 
$
--