RESTRUCTURING AND OTHER EXIT COSTS

9 Months Ended

Sep. 28, 2014

Restructuring and Related Activities [Abstract]

RESTRUCTURING

All costs related to restructuring actions are included in restructuring and other exit costs in the accompanying Consolidated Statements of Income. Certain costs that are required to be expensed as incurred are not included in the restructuring liability.

On September 26, 2013, the Company’s Board of Directors approved a strategic restructuring program in connection with the acquisition of WorkflowOne and the integration of the two companies. The restructuring program is expected to continue through the end of 2015, and includes costs associated with workforce reductions, contract termination costs primarily from exiting leased facilities, and other associated costs, including fees to a third party to assist with the implementation of our plan, costs to consolidate facilities and relocate equipment and inventory, costs to consolidate our headquarters, and costs associated with the write-off of inventory (which are recorded to cost of sales).

As a result of the plan, restructuring actions not yet initiated from previous restructuring plans were integrated into our current plan. Components of the restructuring and other exit costs consist of the following:



	Total Expected Costs		Total 2014 YTD Expense		Cumulative To-Date Expense
Employee separation costs	$	9,800	$	453	$	9,637
Contract exit and termination costs	7,000		1,718		1,868
Other associated exit costs	13,600		6,587		11,704
Total	$	30,400	$	8,758	$	23,209

Costs in 2013 associated with now completed plans were not material. The remaining restructuring liability balances at the end of 2013 for completed plans also were not material and have been combined into the liability for the current plan. A summary of activity in the restructuring liability is as follows:



	Balance 2013		Accrued in 2014		Incurred in 2014 YTD			Reversed in 2014			Balance 2014
Employee separation costs	$	7,705	$	288	$	(4,157	)	$	(144	)	$	3,692
Contract exit and termination costs	208		1,221		(175		)	—			1,254
Other associated exit costs	—		599		(332		)	—			267
Total	$	7,913	$	2,108	$	(4,664	)	$	(144	)	$	5,213

- 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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