| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | restructuring | in_progress | 2026-02-24 | 2026-12-31 | Bedding Products (Specialty Foam); Furniture, Flooring & Textile Products; cost improvements across all three segments | USD 25 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Consolidates two Specialty Foam facilities and one (later expanded to two) Furniture, Flooring & Textile manufacturing facility; includes ~$15.0 million of cash charges. $11.4 million incurred in the first six months of 2026. No employee counts disclosed. | |||
| 2026-06-30 | divestiture_reduction | completed | 700 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | other f5-10q / GLM-5.3-flash-fp4-HTML | Divested August 29, 2025 for net cash proceeds of $280.3 million with a $90.9 million pretax gain; business had approximately 700 employees at the time of sale. Action occurred in the prior fiscal year; disclosed in this 10-Q for context. | |||
| 2026-06-30 | restructuring | in_progress | 2026-02-24 | 2026-12-31 | United States | Bedding Products; Furniture, Flooring & Textile Products | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2026 Plan: consolidates two Specialty Foam facilities and one Furniture/Flooring facility; expanded in Q2 2026 to add one more Furniture/Flooring facility plus cost improvements across all three segments. $15M expected cash portion. No employee count disclosed. $11.4M incurred in six months ended June 30, 2026. | ||
| 2026-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States | Bedding Products; Furniture, Flooring & Textile Products; Corporate | USD 80 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2024 Plan: consolidated 17 Bedding and 4 Furniture/Flooring facilities plus corporate G&A reductions. Substantially complete at end of 2025; $3.6M incurred in six months ended June 30, 2026. No employee count disclosed. | ||
| 2026-06-30 | restructuring | in_progress | 2026-01-01 | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2026 Plan restructuring and restructuring-related costs incurred in the six months ended June 30, 2026. Employee count not disclosed. | |||||
| 2026-06-30 | restructuring | in_progress | 2024-01-01 | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2024 Plan restructuring and restructuring-related costs incurred in the six months ended June 30, 2026. Employee count not disclosed. | |||||
| 2026-06-30 | divestiture_reduction | completed | 700 | 2025-08-29 | United States, United Kingdom, France | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divestiture of Aerospace Products Group completed August 29, 2025. Approximately 700 employees at time of sale. | |||
| 2026-06-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | 2026 Restructuring Plan [Member] | USD 7,200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | Other Restructuring Activity [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | 2026-02-24 | 2026-12-31 | Bedding Products (Specialty Foam) and Furniture, Flooring & Textile Products | USD 15 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Consolidation of two Specialty Foam manufacturing facilities and one Furniture, Flooring & Textile manufacturing facility into existing facilities; includes approximately $10 million of cash charges; no employee counts disclosed. | |||
| 2026-03-31 | restructuring | completed | 2024-01-01 | 2025-12-31 | Bedding Products; Furniture, Flooring & Textile Products; Hydraulic Cylinders; corporate G&A | USD 80 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Consolidated 17 Bedding production/distribution facilities and 4 Furniture, Flooring & Textile production facilities; costs substantially complete at end of 2025; no employee counts disclosed. | |||
| 2026-03-31 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | USD 91 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Divestiture completed August 29, 2025 for net cash proceeds of $280.3 million; pretax gain of $90.9 million; approximately 700 employees at time of sale. Prior-period event disclosed in this filing. | |
| 2026-03-31 | restructuring | in_progress | 2026-02-24 | 2026-12-31 | United States | Bedding Products (Specialty Foam); Furniture, Flooring & Textile Products | USD 15 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2026 Plan consolidates two Specialty Foam facilities in Bedding Products and one facility in Furniture, Flooring & Textile Products. Approximately $10M expected to be cash charges. No employee headcount disclosed. $1.5M incurred in Q1 2026. | ||
| 2026-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States | Bedding Products; Furniture, Flooring & Textile Products; Hydraulic Cylinders Group; Corporate G&A | USD 80 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2024 Plan consolidated 17 Bedding and 4 Furniture/Flooring production facilities plus Hydraulic Cylinders optimization and corporate G&A reductions. Substantially complete at end of 2025; $0.2M residual cost in Q1 2026. No employee headcount disclosed. | ||
| 2026-03-31 | restructuring | in_progress | 2026-02-24 | 2026-12-31 | United States | Bedding Products; Furniture, Flooring & Textile Products | USD 15 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of two manufacturing facilities in Specialty Foam and one in Furniture, Flooring & Textile Products. Expected pretax costs of $15 million, including $10 million cash charges. Employee count not disclosed. | ||
| 2026-03-31 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divestiture of Aerospace Products Group completed August 29, 2025. Business comprised approximately 700 employees at time of sale. | ||
| 2026-03-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | 2026 Restructuring Plan [Member] | USD 500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | Other Restructuring Activity [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | announced | 250 | 2026-02-24 | 2026-12-31 | Bedding Products (Specialty Foam) and Furniture, Flooring & Textile Products (Flooring Products) | USD 15 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | 2026 Restructuring Plan disclosed under Item 9B in lieu of a Form 8-K because the filing occurred within four business days of the February 24, 2026 triggering event. Consolidates two Specialty Foam facilities and one Flooring Products facility into existing sites; expected workforce reduction of approximately 250. Approximately $10 million cash charges (facility closure, asset relocation, employee termination) and approximately $5 million non-cash (accelerated depreciation, operating lease right-of-use asset impairment). | ||
| 2025-12-31 | divestiture_reduction | completed | 700 | 2025-03-25 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | other f5-10k / GLM-5.3-flash-HTML | Aerospace Products Group sold August 29, 2025 for net cash proceeds of $280.3 million with a pretax gain of $90.9 million; approximately 700 employees at the time of sale across seven manufacturing facilities. Board approved the sale March 25, 2025 (held-for-sale classification date); final working capital adjustment of $4.2 million collected January 2026. Proceeds primarily used to reduce debt. | ||
| 2025-12-31 | restructuring | completed | 2024 | 2025-12-31 | Primarily United States (includes UK facility right-sizing) | Bedding Products (primary); Furniture, Flooring & Textile Products; Specialized Products; corporate G&A | USD 30 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2024 Restructuring Plan substantially complete at end of 2025. Fiscal 2025 activity of $29.7 million comprises $10.7 million restructuring and restructuring-related costs plus $19.0 million goodwill and long-lived asset impairments; cumulative program cost $77.5 million since inception against an ~$80 million plan estimate. Over the program life, 17 Bedding and four Furniture, Flooring & Textile production/distribution facilities were consolidated; no employee counts disclosed. Fiscal 2025 activity included consolidating one Specialty Foam facility, two Flooring Products facilities, right-sizing the UK Hydraulic Cylinders facility, and divesting a small U.S. machinery business. Realized $63 million annualized EBIT benefit in 2025. | ||
| 2025-12-31 | plant_closure | completed | 2025 | Kentucky, United States; production consolidated into Mexico | Bedding Products — Adjustable Bed | MD&A f5-10k / GLM-5.3-flash-HTML | Kentucky Adjustable Bed manufacturing operation consolidated into the Mexico operation in late 2025, driven by lower volume and tariffs on imported components that created a cost disadvantage for domestic production; headcount impact not disclosed. | ||||
| 2025-12-31 | divestiture_reduction | completed | 2025-03 | 2025-03 | United States | Bedding Products | other f5-10k / GLM-5.3-flash-HTML | Small U.S. machinery business (two facilities) divested in March 2025 for proceeds of $1.2 million; net sales price approximated carrying costs; also part of the 2024 Restructuring Plan; employee count not disclosed. | |||
| 2025-12-31 | divestiture_reduction | completed | 2025-05 | 2025-05 | Mexico | Furniture, Flooring & Textile Products — Work Furniture | other f5-10k / GLM-5.3-flash-HTML | Small Mexican Work Furniture operation divested in May 2025 for proceeds of $3.8 million; employee count not disclosed; annual external sales and pretax earnings described as immaterial. | |||
| 2025-12-31 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 700 employees at time of sale across seven manufacturing facilities; net cash proceeds $280.3M with $90.9M pretax gain. | ||
| 2025-12-31 | divestiture_reduction | completed | 2025-03-31 | 2025-03-31 | United States | Bedding Products — small machinery business (two facilities) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divested for $1.2M proceeds; part of the 2024 Restructuring Plan. Headcount not disclosed; exact March 2025 date not specified. | |||
| 2025-12-31 | divestiture_reduction | completed | 2025-05-31 | 2025-05-31 | Mexico | Furniture, Flooring & Textile Products — Work Furniture operation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divested for $3.8M proceeds. Headcount not disclosed; exact May 2025 date not specified. | |||
| 2025-12-31 | restructuring | completed | 2024-01-01 | 2025-12-31 | Primarily United States; also China, Mexico | Primarily Bedding Products; also Furniture, Flooring & Textile Products, Specialized Products, corporate G&A | USD 30 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2024 Restructuring Plan substantially complete at end of 2025; FY2025 costs of $29.7M (incl. $19.0M impairments) on a program total of ~$80M. Consolidated 17 Bedding and 4 Furniture production/distribution facilities cumulatively; employee-affected counts not disclosed. Annualized EBIT benefit of $63M realized in 2025. | ||
| 2025-12-31 | restructuring | announced | 250 | 2026-02-24 | 2026-12-31 | Not specified | Bedding Products — Specialty Foam (two facilities); Furniture, Flooring & Textile Products — Flooring Products (one facility) | USD 15 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event disclosed under Item 9B in lieu of Form 8-K. Approximately $10M cash and $5M non-cash charges; workforce reduction of approximately 250; substantially complete by end of 2026. | |
| 2025-12-31 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products (Aerospace Products Group) | Item 1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Aerospace Products Group; approximately 700 employees at time of sale. | ||
| 2025-12-31 | restructuring | completed | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products | USD 30 (millions) | Item 1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2024 Restructuring Plan substantially complete at end of 2025. Consolidated 17 production/distribution facilities in Bedding and 4 in Furniture/Flooring/Textile. Cash costs of $9 million incurred in 2025. | ||
| 2025-12-31 | restructuring | announced | 250 | 2026-02-24 | 2026-12-31 | United States, Mexico | Bedding Products (Specialty Foam), Furniture, Flooring & Textile Products (Flooring Products) | USD 15 (millions) | subsequent_events f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2026 Restructuring Plan announced Feb 24, 2026. Consolidating two Specialty Foam facilities and one Flooring Products facility. Expected to reduce workforce by approximately 250. | |
| 2025-12-31 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divested Aerospace Products Group; approximately 700 employees at time of sale. | ||
| 2025-12-31 | restructuring | completed | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products | USD 78 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | 2024 Restructuring Plan substantially complete by end of 2025. Consolidated 17 production/distribution facilities in Bedding and 4 in Furniture. Total costs ~$78 million since inception. | ||
| 2025-12-31 | restructuring | announced | 250 | 2026-02-24 | 2026-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products | USD 15 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | 2026 Restructuring Plan announced Feb 24, 2026. Consolidating two Specialty Foam facilities and one Flooring facility. Expected to reduce workforce by approx 250. | |
| 2025-12-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 6,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | Other Restructuring Activity [Member] | USD 5,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | USD 11,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-09-30 | divestiture_reduction | completed | 700 | 2025-04-02 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | USD 2 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Aerospace Products Group sold August 29, 2025 for net cash proceeds of $276.1 million with an $86.8 million pretax gain; business had approximately 700 employees across seven manufacturing facilities at time of sale. The $2.0 million charge represents divestiture-related cash expenses, not severance. | |
| 2025-09-30 | plant_closure | in_progress | 2025-09 | 2025-12-31 | Kentucky, United States to Mexico | Bedding Products — Adjustable Bed | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Kentucky Adjustable Bed manufacturing operation to be consolidated into the Mexico operation by end of 2025, driven by lower volume and tariffs on imported components. Costs of $2.0 million ($1.0 million cash, $1.0 million non-cash) incurred in the nine months ended September 30, 2025; employee count not disclosed. | ||
| 2025-09-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Primarily United States; also Mexico, China, United Kingdom | Bedding Products (primary), Furniture, Flooring & Textile Products, Specialized Products (Hydraulic Cylinders), and corporate G&A | USD 58 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2024 Restructuring Plan: consolidation of 15-20 Bedding production/distribution facilities plus a small number of Furniture, Flooring & Textile facilities. Life-to-date costs of $58.4 million through September 30, 2025 against a total plan estimate of $75.0 million; costs expected to be substantially complete by end of 2025. Employee counts not disclosed; termination benefits accrual of $0.2 million at September 30, 2025. | ||
| 2025-09-30 | divestiture_reduction | completed | 700 | 2025-03-25 | 2025-08-29 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 700 employees at time of sale across seven manufacturing facilities. Held-for-sale classification began 2025-03-25; sale closed 2025-08-29 for net cash proceeds of $276 million with an $87 million pretax gain. | ||
| 2025-09-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States, China, Mexico, United Kingdom | Bedding Products; Specialized Products (Hydraulic Cylinders); Furniture, Flooring & Textile Products; Corporate G&A | USD 75 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2024 Restructuring Plan: consolidate 15–20 production/distribution facilities in Bedding Products plus a smaller number in Furniture, Flooring & Textile Products. Life-to-date costs of $58.4M through 2025-09-30 ($47.8M in 2024, $10.6M in 9M 2025). No employee headcount affected is disclosed. Expected annualized EBIT benefit of $60–70M; approximately $60M of annual sales attrition anticipated. | ||
| 2025-09-30 | plant_closure | announced | 2025-09-01 | 2025-12-31 | United States, Mexico | Bedding Products — Adjustable Bed | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Consolidation of Kentucky Adjustable Bed manufacturing into the Mexico operation by end of 2025, driven by lower volume and tariffs on imported components. $2.0M incurred in 9M 2025 ($1M cash, $1M non-cash). Employee count not disclosed. | ||
| 2025-09-30 | divestiture_reduction | completed | 700 | 2025-08-29 | 2025-08-29 | United States, United Kingdom, France | Specialized Products (Aerospace Products Group) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divested Aerospace Products Group for net cash proceeds of $276 million. Business comprised seven manufacturing facilities with approximately 700 employees at the time of sale. | ||
| 2025-09-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2024 Restructuring Plan. Total expected costs approx $75 million. Incurred $10.6 million in nine months ended Sept 30, 2025. Plan involves consolidating 15-20 production/distribution facilities. Employee count affected not explicitly disclosed in this filing. | ||
| 2025-09-30 | plant_closure | announced | 2025-09-30 | 2025-12-31 | Kentucky, Mexico | Bedding Products (Adjustable Bed) | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced consolidation of Kentucky Adjustable Bed manufacturing operation into Mexico operation by end of year. Incurred $2.0 million in costs for nine months ended Sept 30, 2025. Employee count not disclosed. | ||
| 2025-09-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 5,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Other Restructuring Activity [Member] | USD 2,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | One-time Termination Benefits [Member] / 2024 Restructuring Plan [Member] | USD 2,200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Contract Termination [Member] / 2024 Restructuring Plan [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Relocation and Other Restructuring Costs [Member] / 2024 Restructuring Plan [Member] | USD 2,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | USD 7,600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-30 | divestiture_reduction | in_progress | 700 | 2025-04-02 | 2025-12-31 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Aerospace Products Group comprises seven manufacturing facilities and approximately 700 employees; sale for $285 million cash expected to close in 2025, subject to closing conditions and regulatory approvals. | ||
| 2025-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Primarily Bedding Products; also Furniture, Flooring & Textile Products, Specialized Products, and corporate G&A | USD 65 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2024 Restructuring Plan to consolidate 15-20 Bedding production/distribution facilities plus a small number of Furniture, Flooring & Textile facilities; total plan cost estimate $65-$75 million, life-to-date costs of $56.6 million incurred through June 30, 2025; no employee counts disclosed. | |||
| 2025-06-30 | divestiture_reduction | in_progress | 700 | 2025-04-02 | 2025-10-02 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Share Purchase Agreement for $285M cash; group had approximately 700 employees. Outside date extends to 2025-12-02 if foreign investment approvals pending. Divestiture-related cash charges of $1.7M in H1 2025. | ||
| 2025-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Primarily Bedding Products; also Furniture, Flooring & Textile Products, Specialized Products, and corporate G&A | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2024 Plan: consolidate 15-20 Bedding production/distribution facilities plus a few Furniture facilities. Life-to-date costs $56.6M of expected $65-75M total; $8.8M incurred in H1 2025. No employee counts disclosed; termination benefit accrual was $0.3M at 2025-06-30. Announcement date approximate (plan committed during 2024). | ||
| 2025-06-30 | divestiture_reduction | completed | 2025-05-01 | 2025-05-31 | Mexico | Furniture, Flooring & Textile Products — Work Furniture Group | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Small Mexican Work Furniture business divested in May 2025 for $3.8M net sales price; described as immaterial sales and EBIT. No headcount disclosed. Announcement date approximate (month only). | |||
| 2025-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products, Corporate | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2024 Restructuring Plan. Total expected costs $65-$75 million. $8.8 million incurred in six months ended June 30, 2025. Includes consolidation of 15-20 facilities in Bedding Products and small number in Furniture. Employee count affected not disclosed in this filing. | ||
| 2025-06-30 | divestiture_reduction | completed | 2025-03-01 | 2025-03-31 | United States | Bedding Products | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divested small U.S. machinery business in March 2025. Net sales price $1.2 million. Employee count not disclosed. | |||
| 2025-06-30 | divestiture_reduction | completed | 2025-05-01 | 2025-05-31 | Mexico | Furniture, Flooring & Textile Products | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divested small Mexican Work Furniture business in May 2025. Net sales price $3.8 million. Employee count not disclosed. | |||
| 2025-06-30 | divestiture_reduction | announced | 700 | 2025-04-02 | 2025-10-02 | United States, United Kingdom, France | Specialized Products (Aerospace Products Group) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Agreement signed April 2, 2025 to sell Aerospace Products Group for $285 million. Business comprises approx. 700 employees. Sale subject to closing conditions and regulatory approvals. Expected to close in 2025. | ||
| 2025-06-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 4,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Other Restructuring Activity [Member] | USD 1,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] / One-time Termination Benefits [Member] | USD 2,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] / Contract Termination [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] / Relocation and Other Restructuring Costs [Member] | USD 2,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | USD 5,900,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-03-31 | divestiture_reduction | announced | 700 | 2025-04-02 | 2025-12-31 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | USD 285 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Share Purchase Agreement signed April 2, 2025 for cash purchase price of $285 million; business comprises seven manufacturing facilities and approximately 700 employees; sale expected to close in 2025, subject to closing conditions and regulatory approvals. | |
| 2025-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Primarily Bedding Products; also Furniture, Flooring & Textile Products, Specialized Products, and corporate G&A | USD 80 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2024 Restructuring Plan: consolidate 15-20 production/distribution facilities in Bedding Products plus a small number in Furniture, Flooring & Textile Products. Total plan costs estimated at $80-$90 million; $53.3 million incurred life-to-date through March 31, 2025; $5.5 million incurred in Q1 2025. Expected annualized EBIT benefit of $60-$70 million and approximately $80 million of annual sales attrition when fully implemented. | |||
| 2025-03-31 | divestiture_reduction | completed | 2025-03-01 | 2025-03-31 | United States | Bedding Products — Machinery business unit | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | In March 2025, divested a small U.S. machinery business (quilting and sewing machines) for a net sales price of $1.2 million; two facilities divested per MD&A; remainder of Machinery business unit retained and folded into U.S. Spring and International Bedding units, reducing business units from 15 to 14. | ||
| 2025-03-31 | divestiture_reduction | announced | 700 | 2025-04-02 | 2025-12-31 | United States, United Kingdom, France | Specialized Products — Aerospace Products Group | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Share Purchase Agreement signed 2025-04-02 for $285M cash; Aerospace Products Group has ~700 employees across 7 facilities. Termination date 2025-10-02, extendable to 2025-12-02. | ||
| 2025-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Primarily Bedding Products; also Furniture, Flooring & Textile Products, Specialized Products, and corporate G&A | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2024 Restructuring Plan: total expected cost $80–90M; $53.3M incurred life-to-date through 2025-03-31; $6.9M charged in Q1 2025. Involves consolidating 15–20 production/distribution facilities in Bedding Products. No employee headcount affected disclosed. | ||
| 2025-03-31 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products — Specialty Foam, U.S. Spring, Adjustable Bed | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 2025 progress: divested small U.S. machinery business (2 facilities), consolidated one Specialty Foam production facility. No employee counts disclosed for these closures. | |||
| 2025-03-31 | divestiture_reduction | completed | 2025-03-31 | 2025-03-31 | United States | Bedding Products — small U.S. machinery business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested small U.S. machinery business (two facilities) producing quilting and sewing machines for net sales price of $1.2M. No employee count disclosed. | |||
| 2025-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Specialized Products, Furniture, Flooring & Textile Products, Corporate | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2024 Restructuring Plan. Total expected costs $80-$90 million. Q1 2025 charges of $6.9 million include $5.2 million for 2024 Plan and $1.4 million for other restructuring (Aerospace divestiture). Employee counts not disclosed. | ||
| 2025-03-31 | divestiture_reduction | completed | 2025-03-31 | 2025-03-31 | United States | Bedding Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divestiture of small U.S. machinery business in March 2025. Net sales price $1.2 million. Employee count not disclosed. | |||
| 2025-03-31 | divestiture_reduction | announced | 700 | 2025-04-02 | 2025-10-02 | United States, United Kingdom, France | Specialized Products | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement signed April 2, 2025 to sell Aerospace Products Group for $285 million. Business comprises approx. 700 employees. Expected to close in 2025. | ||
| 2025-03-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 2,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] / One-time Termination Benefits [Member] | USD 1,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] / Relocation and Other Restructuring Costs [Member] | USD 800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | 2024 | 2025-12-31 | United States (primarily), Mexico, China | Bedding Products segment (U.S. Spring, Specialty Foam, Adjustable Bed business units) | USD 34 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan committed in Q1 2024. Fiscal 2024 activity: consolidated 14 production and distribution facilities (ten U.S. Spring, three Specialty Foam, one Adjustable Bed); consolidated all domestic innerspring production into four larger remaining spring facilities; exited the Mexican innerspring operation; downsized the Chinese innerspring operation; sold two properties. Further Bedding footprint reductions (primarily Specialty Foam consolidations) expected in 2025. Charge is the 2024-incurred net restructuring/restructuring-related cost; an additional $4.2 million of plan-related goodwill and long-lived asset impairments was incurred in 2024, and the total plan cost estimate is $80-90 million. No affected-employee count is disclosed. | ||
| 2024-12-31 | restructuring | in_progress | 2024 | 2025-12-31 | Specialized Products segment — Hydraulic Cylinders business | USD 7 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan expanded in Q2 2024 to include this restructuring, intended to optimize manufacturing and improve operating efficiencies; full implementation of efficiency activities expected in 2025. Charge is the 2024-incurred net restructuring/restructuring-related cost; no affected-employee count is disclosed. | |||
| 2024-12-31 | plant_closure | in_progress | 2024 | 2025-12-31 | United States (primarily) | Furniture, Flooring & Textile Products segment (Home Furniture and Flooring Products business units) | USD 2 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan committed in Q1 2024. Closed one facility in the Home Furniture business unit and one facility in the Flooring Products business unit; completion of Flooring Products restructuring initiatives expected in 2025. Charge is the 2024-incurred net restructuring/restructuring-related cost for the segment; no affected-employee count is disclosed. | ||
| 2024-12-31 | restructuring | in_progress | 2024 | 2025-12-31 | Corporate — general and administrative cost structure | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan expanded in Q3 2024 to include general and administrative cost-structure initiatives; reductions expected to be fully realized in 2025. No separate corporate charge is broken out in the Note E segment table, whose segment amounts sum to the $43.6 million 2024 total. | ||||
| 2024-12-31 | restructuring | in_progress | 2025-12-31 | Primarily United States; includes exit of Mexican innerspring operation and downsizing of Chinese innerspring operation | Bedding Products | USD 34 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2024 Restructuring Plan committed in Q1 2024 (exact date not disclosed). FY2024 activity: consolidated 14 production and distribution facilities (ten U.S. Spring, three Specialty Foam, one Adjustable Bed), consolidated all domestic innerspring production into four remaining spring facilities, exited Mexican innerspring, downsized Chinese innerspring, sold two properties. Charge is net restructuring and restructuring-related costs by segment for FY2024. Employees affected not disclosed. | |||
| 2024-12-31 | restructuring | in_progress | 2025-12-31 | Global (Hydraulic Cylinders operations in Germany, China, United States) | Specialized Products — Hydraulic Cylinders | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the 2024 Restructuring Plan, expanded into Specialized Products in Q2 2024. FY2024 activity: launched restructuring in Hydraulic Cylinders to optimize manufacturing and improve operating efficiencies; full implementation expected in 2025. Employees affected not disclosed. | |||
| 2024-12-31 | plant_closure | completed | 2025-12-31 | United States | Furniture, Flooring & Textile Products — Home Furniture and Flooring Products | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the 2024 Restructuring Plan. FY2024 activity: closed one facility in Home Furniture and one facility in Flooring Products; completion of Flooring Products restructuring initiatives expected in 2025. Employees affected not disclosed. | |||
| 2024-12-31 | restructuring | in_progress | 2025-12-31 | United States | Corporate — general and administrative cost structure | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sub-component of the 2024 Restructuring Plan, expanded in Q3 2024 to include G&A cost structure initiatives. Reduced corporate G&A expenses expected to be fully realized in 2025. No separate charge or headcount quantified. | ||||
| 2024-12-31 | restructuring | in_progress | 2024-01 | 2025-12-31 | Global | Bedding Products, Specialized Products, Furniture, Flooring & Textile Products | USD 51 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2024 Restructuring Plan committed in Q1 2024. Total costs for 2024 were $51 million ($33 million cash, $18 million non-cash). Plan expected to be substantially complete by end of 2025. Includes consolidation of 15-20 facilities. | ||
| 2024-12-31 | restructuring | in_progress | 2024-03-31 | 2025-12-31 | Global | Bedding Products, Specialized Products, Furniture, Flooring & Textile Products, Corporate | USD 48 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2024 Restructuring Plan committed in Q1 2024. Total costs incurred in 2024 were $48 million ($30 million cash, $18 million non-cash). Plan expected to be substantially complete by end of 2025. Employee count affected not explicitly disclosed. | ||
| 2024-12-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 18,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] / One-time Termination Benefits [Member] | USD 6,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | 2024 Restructuring Plan [Member] / Relocation and Other Restructuring Costs [Member] | USD 11,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-12-31 | restructuring | in_progress | USD 18,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2024-09-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States, Mexico, China | Bedding Products; Furniture, Flooring & Textile Products; Specialized Products; G&A | USD 34 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan committed Q1 2024, expanded Q2 and Q3 2024; consolidating 15-20 of 50 Bedding facilities plus a small number in Furniture, Flooring & Textile; total expected costs $65-85 million; $34.3 million incurred through September 30, 2024; no employee counts disclosed. | ||
| 2024-09-30 | plant_closure | in_progress | 2024-01-01 | 2024-12-31 | United States, Mexico, China | Bedding Products (innerspring, specialty foam, adjustable bed) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | 13 Bedding production/distribution facilities consolidated to date; domestic innerspring production shifted to four remaining plants; Chinese innerspring downsized; Mexican innerspring exit by year end; three specialty foam operations closed; one adjustable bed location closed in early Q4. | |||
| 2024-09-30 | restructuring | in_progress | 2024-07-01 | 2025-12-31 | General and administrative cost structure | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Plan expanded in Q3 2024 to include G&A cost structure initiatives; expected ~$10 million EBIT benefit in 2025; no headcount figures disclosed. | ||||
| 2024-09-30 | other | announced | 2024-09-30 | Specialized Products — Aerospace | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Exploring potential sale of Aerospace business; $1 million of restructuring-related costs incurred in Q3 2024; business not yet classified as held for sale; no headcount figures disclosed. | ||||
| 2024-09-30 | restructuring | in_progress | 2025-12-31 | Global (primarily United States) | Bedding Products; Furniture, Flooring & Textile Products; Specialized Products; corporate G&A | USD 34 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Committed in Q1 2024, expanded in Q2 and Q3 2024; no employee-affected count disclosed. Plan consolidates 15-20 of 50 Bedding production/distribution facilities plus a few Furniture facilities; 13 Bedding and 2 Furniture facilities consolidated to date. Total expected cost $65-85M ($30-40M cash), $34.3M incurred in the nine months ended 2024-09-30; expected annualized EBIT benefit $50-60M once fully implemented in late 2025. | |||
| 2024-09-30 | plant_closure | in_progress | 2024-12-31 | Mexico; China; United States | Bedding Products — innerspring operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Chinese innerspring operation downsized and Mexican innerspring operation to be exited by year-end 2024, concluding all innerspring-related restructuring in Bedding Products; no headcount figures disclosed. Sub-component of the Restructuring Plan. | ||||
| 2024-09-30 | other | in_progress | United States | Specialized Products — Aerospace business | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company exploring a potential sale of its Aerospace business; $1.0M of restructuring-related costs incurred in Q3 2024. Business has not met held-for-sale criteria; no headcount disclosed. | ||||
| 2024-09-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products, General and Administrative | USD 34 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan committed in Q1 2024, expanded in Q2 and Q3. Includes consolidation of 15-20 facilities. Total expected costs $65-85 million. $34.3 million incurred YTD. Employee count not disclosed. | ||
| 2024-09-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] | USD 16,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] / One-time Termination Benefits [Member] | USD 6,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | 2024 Restructuring Plan [Member] / Relocation and Other Restructuring Costs [Member] | USD 10,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | USD 16,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Bedding Products; Furniture, Flooring & Textile Products; Specialized Products | USD 22 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan committed in Q1 2024, expanded in Q2 2024 to include a small Specialized Products opportunity. Total expected costs $65-$85 million ($40-$50 million in 2024); $22 million incurred through June 30, 2024. Consolidation of 15-20 Bedding production/distribution facilities (out of 50) plus a small number of Furniture, Flooring & Textile facilities. No employee-affected count disclosed. | |||
| 2024-06-30 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | Bedding Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Ten Bedding production and distribution facilities consolidated to date; majority of innerspring volume shifted into four remaining spring facilities, transition completed early Q3 2024. Chinese innerspring operation downsizing substantially complete; one Specialty Foam operation closed with two more consolidations in process. | ||||
| 2024-06-30 | plant_closure | in_progress | 2024-01-01 | 2024-12-31 | Furniture, Flooring & Textile Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Two production facilities consolidated to date; Home Furniture restructuring essentially complete and phase one of Flooring Products restructuring expected complete by year-end 2024. | ||||
| 2024-06-30 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products; Furniture, Flooring & Textile Products; Specialized Products | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to consolidate 15-20 of 50 Bedding facilities plus a small number in Furniture/Flooring/Textile; expanded in Q2 2024 to include a small Specialized Products opportunity. Total expected cost $65-85M ($40-50M in 2024). No employee headcount affected disclosed. $22.0M incurred through June 30, 2024, including $11.7M termination benefits and relocation charges. | ||
| 2024-06-30 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | Global | Bedding Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ten production/distribution facilities consolidated in Bedding Products to date; two in Furniture/Flooring/Textile. Innerspring volume shifted to four remaining spring facilities. No employee counts disclosed for closures. | |||
| 2024-06-30 | restructuring | in_progress | 2024-03-31 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products, Specialized Products | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan committed in Q1 2024, expanded in Q2 2024. Involves consolidating 15-20 facilities in Bedding and small number in Furniture/Flooring. Total expected costs $65-85 million. $22.0 million incurred YTD 2024. Employee count not disclosed. | ||
| 2024-06-30 | restructuring | in_progress | USD 11,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-06-30 | restructuring | in_progress | One-time Termination Benefits [Member] | USD 5,600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Relocation and Other Restructuring Costs [Member] | USD 6,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | Primarily United States | Bedding Products; Furniture, Flooring & Textile Products | USD 11 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan committed Q1 2024; total expected costs $65-$85 million, roughly half in 2024. Consolidation of 15-20 of 50 Bedding facilities plus a small number of FF&T facilities. Expected annualized EBIT benefit $40-$50 million; expected real estate proceeds $60-$80 million; anticipated annual sales reduction ~$100 million. Q1 charges of $10.8 million include $8.5 million restructuring/restructuring-related and $2.3 million impairment; $6.2 million of Q1 charges were cash. | ||
| 2024-03-31 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | United States | Bedding Products — Spring distribution | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closed four smaller U.S. Spring distribution facilities under the Restructuring Plan; no employee counts disclosed. | |||
| 2024-03-31 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | United States | Bedding Products — Specialty Foam | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closed a small Specialty Foam operation; manufacturing transitioned out of three facilities into four larger remaining production facilities. | |||
| 2024-03-31 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | United States | Furniture, Flooring & Textile Products — Flooring | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closed a Flooring Products production line; manufacturing equipment redeployed to another production facility. | |||
| 2024-03-31 | plant_closure | in_progress | 2024-01-01 | 2025-12-31 | United States | Furniture, Flooring & Textile Products — Home Furniture | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Closed one Home Furniture plant; production transferred to other remaining facilities. | |||
| 2024-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States | Bedding Products | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan to consolidate 15-20 of 50 production/distribution facilities; Q1 charges $7.0M for Bedding. No employee count disclosed. | ||
| 2024-03-31 | restructuring | in_progress | 2024-01-01 | 2025-12-31 | United States | Furniture, Flooring & Textile Products | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Small number of production facility closures; Q1 charges $1.5M. No employee count disclosed. | ||
| 2024-03-31 | plant_closure | completed | 2024-01-01 | 2024-03-31 | United States | Bedding Products — U.S. Spring distribution | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Four smaller U.S. Spring distribution facilities closed during Q1 2024; no headcount disclosed. | |||
| 2024-03-31 | plant_closure | completed | 2024-01-01 | 2024-03-31 | United States | Bedding Products — Specialty Foam | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Small Specialty Foam operation closed during Q1 2024; no headcount disclosed. | |||
| 2024-03-31 | plant_closure | completed | 2024-01-01 | 2024-03-31 | United States | Furniture, Flooring & Textile Products — Home Furniture | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One Home Furniture plant closed; production transferred to other facilities. No headcount disclosed. | |||
| 2024-03-31 | restructuring | in_progress | 2024-03-31 | 2025-12-31 | Global | Bedding Products; Furniture, Flooring & Textile Products | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to consolidate 15-20 facilities in Bedding and small number in Furniture. Total expected costs $65-85M. Q1 incurred costs $10.8M ($6.2M cash). Employee count affected not disclosed. | ||
| 2024-03-31 | restructuring | in_progress | Other Operating Income (Expense) [Member] | USD 5,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | One-time Termination Benefits [Member] | USD 2,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Relocation and Other Restructuring Costs [Member] | USD 3,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | USD 5,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-12-31 | restructuring | announced | 1,100 | 2024-01 | 2025-12-31 | Primarily United States | Bedding Products (primarily); Furniture, Flooring & Textile Products (to a lesser extent) | USD 85 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Restructuring Plan committed in Q1 2024 (filing elsewhere states commitment occurred in January 2024): consolidate 15-20 of 50 Bedding Products production/distribution facilities plus a small number of Furniture, Flooring & Textile facilities, primarily in the U.S. Total pretax restructuring and restructuring-related costs disclosed as a $65-$85 million range, including $30-$40 million of cash costs and $10-$15 million of employee termination costs; roughly half expected in 2024. Workforce reduction disclosed as roughly 900-1,100 employees over time; field shows the upper end of the disclosed range. Plan also contemplates an approximately $100 million annual sales reduction and $60-$80 million of net real estate sale proceeds. | |
| 2023-12-31 | restructuring | announced | 2024-03-31 | 2025-12-31 | Primarily United States | Bedding Products (primarily); Furniture, Flooring & Textile Products (lesser extent) | USD 65 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Committed in Q1 2024, after fiscal year end. Headcount reduction of roughly 900 to 1,100 employees over time. Total restructuring and restructuring-related costs of $65 to $85 million (approximately half in 2024, remainder in 2025), including $30 to $40 million of cash costs; employee termination costs of $10 to $15 million. Consolidates 15 to 20 of 50 Bedding production/distribution facilities plus a small number of Furniture/Flooring facilities. Expected pretax net cash proceeds of $60 to $80 million from real estate sales and an annual sales reduction of approximately $100 million. | ||
| 2023-12-31 | restructuring | announced | 2024-01-01 | 2025-12-31 | Global | Bedding Products, Furniture, Flooring & Textile Products | USD 75 (millions) | subsequent_events f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Announced in Q1 2024. Expected to reduce headcount by 900-1,100 employees. Costs estimated at $65-85 million. | ||
| 2023-12-31 | restructuring | announced | 2024-01-01 | 2025-12-31 | Global | Bedding Products; Furniture, Flooring & Textile Products | USD 75 (millions) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Announced in Q1 2024. Expected to reduce headcount by roughly 900 to 1,100 employees over time. Total costs estimated between $65 and $85 million. Consolidation of 15-20 facilities in Bedding Products. | ||
| 2023-12-31 | restructuring | in_progress | USD 2,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2023-09-30 | other | in_progress | United States | Automotive Group | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | UAW strike caused temporary work stoppages or slowdowns at U.S. assembly plants and distribution facilities of GM, Ford, and Stellantis; impacted operations but not material to consolidated results to date. Tentative labor agreements reached; if not ratified, could materially adversely impact automotive supply chain and demand. | |||||
| 2023-09-30 | restructuring | in_progress | USD 3 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $2.7M recorded YTD 2023 ($2.5M in Q3); no employee counts, geographies, or program details disclosed. | ||||||
| 2023-09-30 | other | in_progress | United States | Specialized Products (Automotive Group) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Third-party UAW strike at GM, Ford, and Stellantis plants disrupted operations but had no material consolidated impact; tentative agreements reached with each automaker. Not the registrant's own workforce. | |||||
| 2023-09-30 | restructuring | in_progress | USD 3 (millions) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges of $2.7 million recorded for the nine months ended September 30, 2023. No employee count disclosed. | ||||||
| 2023-09-30 | other | in_progress | United States | Automotive | risk_factors f5-10q / Qwen3.6-27B-Q8_0 | UAW strike resulted in temporary work stoppages at GM, Ford, and Stellantis plants, impacting Leggett & Platt operations. Tentative agreements reached. | |||||
| 2023-09-30 | restructuring | in_progress | USD 2,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-06-30 | restructuring | completed | USD 0 (millions) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges of $0.2 million recorded for the six months ended June 30, 2023. No employee count disclosed. | ||||||
| 2023-06-30 | restructuring | in_progress | USD 200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2022-12-31 | restructuring | completed | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2022 severance and other restructuring costs (all cash) from cost-reduction initiatives including workforce reductions and closure/consolidation of operations; no employee count or completion timeline disclosed; $0.6 million restructuring accrual remained at year-end 2022. | ||||||
| 2022-12-31 | restructuring | completed | Not specified | Not specified | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2022 severance and other restructuring costs of $1.4M, all cash charges; employee count not disclosed. Accrued restructuring liabilities were $0.6M at year-end 2022. | ||||
| 2022-12-31 | acquisition_addition | completed | 2022-08-26 | Germany, China, United States | Specialized Products — Hydraulic Cylinders | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired global manufacturer of hydraulic cylinders for heavy construction equipment; purchase price $89.6M ($61M cash plus $29M contingent consideration). Headcount added not disclosed. | ||||
| 2022-12-31 | acquisition_addition | completed | 2022-08-22 | United States | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired small U.S. textiles business converting/distributing construction fabrics; purchase price $2.2M. Headcount added not disclosed. | ||||
| 2022-12-31 | acquisition_addition | completed | 2022-10-03 | Canada | Furniture, Flooring & Textile Products — Geo Components | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Canadian distributor of erosion control products; purchase price $7.4M. Headcount added not disclosed. | ||||
| 2022-12-31 | acquisition_addition | completed | 2022-12-16 | Canada | Furniture, Flooring & Textile Products — Geo Components | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Canadian distributor of erosion control and stormwater management products; purchase price $13.0M. Headcount added not disclosed. | ||||
| 2022-12-31 | divestiture_reduction | completed | 2022-02-28 | South Africa | Bedding Products — International Bedding | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold South African bedding innerspring operation for approximately $2M cash. Headcount removed not disclosed. | ||||
| 2022-12-31 | restructuring | completed | Global | Various | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Total restructuring and restructuring-related costs for 2022 were $1.4 million, primarily severance. No specific employee count disclosed for 2022 actions. | ||||
| 2022-12-31 | restructuring | completed | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other restructuring costs charged to other expense (income), net. No employee count disclosed. | ||||||
| 2022-12-31 | restructuring | in_progress | USD 1,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-09-30 | restructuring | in_progress | USD 1 (millions) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges of $1.4 million recorded for the three and nine months ended September 30, 2022. Employee count not disclosed. | ||||||
| 2022-09-30 | restructuring | in_progress | USD 1,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-12-31 | acquisition_addition | completed | 2021-01-30 | 2021-01-30 | United Kingdom | Specialized Products (aerospace products business) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired a UK manufacturer of metallic ducting systems, flexible joints, and components for ~$27.7M cash (added $8.2M goodwill); headcount added not disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-05-31 | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired a Polish manufacturer of bent metal tubing for furniture for ~$5.4M cash (added $4.4M goodwill); headcount added not disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-06-04 | 2021-06-04 | United Kingdom / Ireland | Bedding Products | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired a specialty foam and finished mattress manufacturer with two Dublin-area facilities for ~$119.7M cash (added $58.3M goodwill); headcount added not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-07 | 2021-07 | Mexico | Bedding Products (Drawn Wire business) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Sold a Mexican specialty wire operation for ~$7.0M cash; annual external sales ~$12.0M with no material gain or loss recognized; headcount removed not disclosed. 2021 restructuring charges were a net $(0.3)M reversal with no disclosed headcount reductions. | |||
| 2021-12-31 | divestiture_reduction | completed | 2022-02-14 | 2022-02-14 | South Africa | Bedding Products | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Subsequent event: sold the South African bedding innerspring operation for ~$2.0M cash; annualized sales ~$8.0M; completed before the Feb 22, 2022 filing date. Headcount removed not disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-07-31 | Mexico | Bedding Products — Drawn Wire | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold a Mexican specialty wire operation in July 2021 for approximately $7.0 million; annual external sales approximately $12.0 million; no material gain or loss. Headcount not disclosed. Month only stated, so date is approximate. | ||||
| 2021-12-31 | divestiture_reduction | completed | 2022-02-14 | South Africa | Bedding Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: South African bedding innerspring operation sold for approximately $2 million after fiscal year-end; annualized sales approximately $8 million. Headcount not disclosed. | ||||
| 2021-12-31 | restructuring | completed | 2021-12-31 | United States | Multiple segments | USD 0 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2021 total restructuring and restructuring-related costs were $(0.3) million (net reversal), primarily residual 2018 Restructuring Plan activity; employees affected in 2021 not disclosed. 2020 COVID-related severance of $6.5 million is prior-year activity and excluded. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-01-30 | 2021-01-30 | United Kingdom | Specialized Products — Aerospace | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | UK manufacturer of metallic ducting systems and flexible joints acquired for $27.7 million; headcount added not disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-05-31 | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Polish manufacturer of bent metal tubing for furniture acquired for $5.4 million; headcount added not disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-06-04 | 2021-06-04 | Ireland (Dublin area) | Bedding Products — Specialty Foam | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Specialty foam and finished mattress manufacturer serving UK/Ireland acquired for $119.7 million with two Dublin-area plants; headcount added not disclosed. | |||
| 2021-12-31 | restructuring | completed | Global | Bedding Products, Specialized Products, Furniture, Flooring & Textile Products | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Severance expense primarily for permanent workforce reductions associated with changes in management and organizational structure. Part of 2018 Restructuring Plan concluding in 2021. | ||||
| 2021-12-31 | divestiture_reduction | completed | Mexico | Bedding Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sold Mexican specialty wire operation in July 2021. Annualized sales of approximately $12 million. | |||||
| 2021-12-31 | acquisition_addition | completed | 2021-01-01 | United Kingdom | Specialized Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired UK manufacturer specializing in metallic ducting systems in January 2021. | ||||
| 2021-12-31 | acquisition_addition | completed | 2021-05-01 | Poland | Furniture, Flooring & Textile Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired Polish manufacturer of bent metal tubing in May 2021. | ||||
| 2021-12-31 | acquisition_addition | completed | 2021-06-01 | Ireland | Bedding Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired specialty foam and finished mattress manufacturer serving UK and Irish markets in June 2021. | ||||
| 2021-12-31 | restructuring | completed | 2020 | 2021-12-31 | Global | Management and organizational structure | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance expense primarily for permanent workforce reductions associated with changes in management and organizational structure in response to COVID-19. | ||
| 2021-12-31 | restructuring | in_progress | USD -300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2021-12-31 | restructuring | in_progress | One-time Termination Benefits [Member] | USD -400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Contract Termination [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Other Restructuring Costs [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-09-30 | acquisition_addition | completed | 2021-06-04 | 2021-06-04 | United Kingdom and Ireland | Bedding Products | USD 120 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Premium foam and bedding manufacturer with two facilities in the Dublin area; annual sales approximately $80 million. Headcount added not disclosed. | ||
| 2021-09-30 | acquisition_addition | completed | 2021-05-31 | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | USD 5 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Polish manufacturer of bent metal tubing for office and residential furniture. Headcount added not disclosed. | ||
| 2021-09-30 | acquisition_addition | completed | 2021-01-30 | 2021-01-30 | United Kingdom | Specialized Products (Aerospace) | USD 28 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | UK manufacturer of metallic ducting systems, flexible joints and components for space, military and commercial applications. Headcount added not disclosed. | ||
| 2021-09-30 | acquisition_addition | completed | 2021-06-04 | United Kingdom / Ireland | Bedding Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Kayfoam, premium foam and bedding manufacturer with two Dublin-area facilities and ~$80M annual sales. Headcount not disclosed. | ||||
| 2021-09-30 | acquisition_addition | completed | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Manufacturer of bent metal tubing for furniture. Headcount not disclosed. | ||||
| 2021-09-30 | acquisition_addition | completed | 2021-01-30 | United Kingdom | Specialized Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | UK manufacturer of metallic ducting systems, flexible joints and components for space, military and commercial applications. Headcount not disclosed. | ||||
| 2021-09-30 | acquisition_addition | completed | 2021-06-04 | United Kingdom and Ireland | Bedding Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Kayfoam, a premium foam and bedding manufacturer. Headcount not disclosed. | ||||
| 2021-09-30 | acquisition_addition | completed | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired a manufacturer of bent metal tubing for furniture. Headcount not disclosed. | ||||
| 2021-09-30 | acquisition_addition | completed | 2021-01-30 | United Kingdom | Specialized Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired a manufacturer specializing in metallic ducting systems and flexible joints. Headcount not disclosed. | ||||
| 2021-09-30 | restructuring | in_progress | USD -300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-06-30 | acquisition_addition | completed | 2021-06-04 | 2021-06-04 | United Kingdom and Ireland | Bedding Products | USD 119 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Kayfoam, premium foam and bedding manufacturer with two Dublin-area facilities and roughly $80 million annual sales; headcount not disclosed. | ||
| 2021-06-30 | acquisition_addition | completed | 2021-05-31 | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | USD 7 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Polish manufacturer of bent metal tubing for furniture; headcount not disclosed. | ||
| 2021-06-30 | acquisition_addition | completed | 2021-01-30 | 2021-01-30 | United Kingdom | Specialized Products | USD 28 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | UK manufacturer of metallic ducting systems, flexible joints and components for aerospace; headcount not disclosed. | ||
| 2021-06-30 | acquisition_addition | completed | 2021-06-04 | United Kingdom / Ireland | Bedding Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Kayfoam, premium foam and bedding manufacturer, acquired for $118.6M cash; headcount added not disclosed. | ||||
| 2021-06-30 | acquisition_addition | completed | 2021-05-31 | Poland | Furniture, Flooring & Textile Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Manufacturer of bent metal tubing for furniture, acquired for $6.9M cash; headcount added not disclosed. | ||||
| 2021-06-30 | acquisition_addition | completed | 2021-01-30 | United Kingdom | Specialized Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | UK manufacturer of metallic ducting systems and flexible joints for aerospace, acquired for $27.7M cash; headcount added not disclosed. | ||||
| 2021-06-30 | restructuring | completed | USD 0 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges of $0.3 million recorded in Q2 2021. Filing notes that significant severance costs were incurred in 2020 and no significant severance costs were incurred in Q1 or Q2 2021. | ||||||
| 2021-06-30 | restructuring | in_progress | USD -300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-03-31 | acquisition_addition | completed | 2021-01-30 | United Kingdom | Specialized Products (Aerospace Products) | USD 27 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a UK manufacturer of metallic ducting systems, flexible joints, and components for space, military, and commercial applications. Purchase price $27.3M; no headcount disclosed. | |||
| 2021-03-31 | acquisition_addition | completed | 2021-01-30 | United Kingdom | Specialized Products | USD 27 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired UK manufacturer of metallic ducting systems; headcount not disclosed. | |||
| 2021-03-31 | restructuring | completed | 2020-12-31 | Global | Various | USD 0 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Workforce reduction in 2020 to align variable cost structure; no significant severance costs incurred in Q1 2021. | |||
| 2020-12-31 | restructuring | completed | Worldwide | Certain business units; primarily changes in management and organizational structure | USD 7 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | COVID-19-related permanent workforce reductions amid reduced demand, recorded as $6.5 million of severance expense in 2020 tied to management and organizational structure changes; Item 1, Item 1A and MD&A cite severance costs of approximately $7 million. No employee count disclosed; company does not expect additional material charges. | ||||
| 2020-12-31 | restructuring | completed | 2018-12 | 2019-12-31 | Furniture, Flooring & Textile Products and Bedding Products segments (Home Furniture Group reorganization; Fashion Bed business closure; four small Bedding facilities added in 2019) | USD 3 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year program committed December 2018 and substantially complete by December 31, 2019; 2020 charges of $2.7 million are residual ($2.2 million restructuring/restructuring-related, of which $1.0 million cash, plus $0.5 million impairment). Cumulative-to-date $34.1 million ($20.9 million restructuring-related, $13.2 million impairment). No employee counts disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | Bedding Products — final operation of former Fashion Bed business and a specialty wire operation in Drawn Wire | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Two small businesses divested during 2020; combined annual external sales approximately $45 million ($30 million Drawn Wire specialty wire, $15 million Fashion Bed) and EBIT approximately $2 million; aggregate selling price approximately $11 million with no material gain or loss. Employee headcount affected is not disclosed. | ||||||
| 2020-12-31 | restructuring | completed | 2020-12-31 | Global | Multiple business units | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | COVID-19 related permanent workforce reductions; $6.5 severance expense primarily for workforce reductions tied to management and organizational changes. Filer does not expect additional material charges. | |||
| 2020-12-31 | divestiture_reduction | completed | 2020-12-31 | United States | Bedding Products — Drawn Wire and Fashion Bed | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two small businesses divested in 2020 with combined annual external sales of approximately $45.0 million and EBIT of approximately $2.0 million; aggregate selling price approximately $11.0 million. Headcount not disclosed. | ||||
| 2020-12-31 | restructuring | completed | 2020-01-01 | 2020-12-31 | Global | Multiple | USD 7 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Severance costs of $7 million incurred in 2020 due to workforce reductions to align variable cost structure to demand levels. Headcount not explicitly quantified. | ||
| 2020-12-31 | divestiture_reduction | completed | 2020-01-01 | 2020-12-31 | United States | Bedding Products | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divested two small businesses in Bedding Products: a specialty wire operation and the final operation in the former Fashion Bed business. Headcount not explicitly quantified. | |||
| 2020-12-31 | restructuring | completed | 2020 | Worldwide | Various | USD 7 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Decreased workforce size worldwide due to reduced demand; incurred $7 million in severance costs in 2020. | |||
| 2020-12-31 | restructuring | completed | 2020 | Worldwide | Management and organizational structure | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Permanent workforce reductions associated with changes in management and organizational structure in response to COVID-19. | |||
| 2020-12-31 | restructuring | in_progress | 2018 Restructuring Plan [Member] | USD 15,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | USD 7,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2020-12-31 | restructuring | in_progress | One-time Termination Benefits [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Contract Termination [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Restructuring Costs [Member] | USD 400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-09-30 | reduction_in_force | completed | Worldwide | Certain business units with reduced demand | USD 5 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Severance expense primarily for permanent workforce reductions in Q3 2020 tied to changes in management and organizational structure in response to COVID-19; company does not expect additional material charges. | ||||
| 2020-09-30 | reduction_in_force | completed | Worldwide | Certain business units with reduced demand | USD 2 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Severance expense for permanent workforce reductions in Q2 2020 associated with management and organizational structure changes in response to COVID-19. | ||||
| 2020-09-30 | restructuring | in_progress | 2018-01-01 | USD 2 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Wind down of the 2018 Restructuring Plan: nine months ended September 30, 2020 included $1.6 of restructuring-related expenses (inventory writedowns in cost of goods sold and long-lived asset impairments); business exited under the plan reduced trade sales ~2% YTD. | |||||
| 2020-09-30 | restructuring | in_progress | Worldwide | Multiple business units | USD 7 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Permanent workforce reductions worldwide tied to COVID-19 demand declines and management/organizational restructuring; severance of $5M in Q3 2020 and $2M in Q2 2020 (Note 15 shows $5.1M and $1.9M). No employee counts disclosed; company states no additional material charges expected. Total nine-month restructuring charges were $7.6M, including $1.6M of restructuring-related inventory writedowns and long-lived asset impairments. | ||||
| 2020-09-30 | restructuring | completed | Worldwide | Management and organizational structure | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs incurred in Q3 2020 associated with changes in management and organizational structure in response to COVID-19. | ||||
| 2020-09-30 | restructuring | completed | Worldwide | Management and organizational structure | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance costs incurred in Q2 2020 associated with changes in management and organizational structure in response to COVID-19. | ||||
| 2020-09-30 | restructuring | in_progress | USD 7,600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-06-30 | reduction_in_force | in_progress | 2020-12-31 | Worldwide | USD 2 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Permanent terminations of a relatively small number of employees worldwide due to reduced demand; $2 million severance incurred in Q2 2020, with approximately $5 million expected in the last half of 2020. | ||||
| 2020-06-30 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q2 2020 severance expense for permanent workforce reductions tied to changes in management and organizational structure in response to COVID-19; reported within restructuring charges in other (income) expense. | ||||||
| 2020-06-30 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q2 2020 restructuring-related expenses for inventory writedowns (in cost of goods sold) and long-lived asset impairments (in impairments) related to winding down the 2018 Restructuring Plan. | ||||||
| 2020-06-30 | restructuring | in_progress | 2020-04-01 | 2020-12-31 | Worldwide | Corporate and operations — permanent workforce reductions in response to COVID-19 | USD 2 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer describes a 'relatively small number' of employees permanently terminated worldwide; no headcount disclosed. $1.9M severance incurred in Q2 2020; approximately $5M expected in the second half of 2020. | ||
| 2020-06-30 | divestiture_reduction | completed | 2020-04-01 | 2020-06-30 | Not disclosed | Small operation divested in Q2 2020 (annual external sales approximately $10.0M) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture disclosed in LIFO reserve footnote; no significant gain or loss realized. Headcount impact not disclosed. | |||
| 2020-06-30 | restructuring | in_progress | 2020-06-30 | Global | Management and organizational structure | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance expense for permanent workforce reductions in Q2 2020 associated with changes in management and organizational structure in response to COVID-19. | |||
| 2020-06-30 | restructuring | in_progress | 2020-06-30 | Global | General | USD 5 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company expects to incur approximately $5 million in severance costs in the last half of 2020 related to permanent workforce reductions. | |||
| 2020-06-30 | restructuring | in_progress | USD 2,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-03-31 | restructuring | completed | 2018-12-01 | 2019-12-31 | Bedding Products; Furniture, Flooring & Textile Products | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2018 Restructuring Plan activities are materially complete; Q1 2020 charge of $0.7 million includes $0.6 million severance and other restructuring costs and $0.1 million inventory obsolescence. Total incurred to date $32.1 million including $12.7 million impairments. | |||
| 2020-03-31 | layoff | in_progress | 2020-03-31 | Worldwide | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Due to reduced demand and government-mandated closures, roughly three quarters of manufacturing facilities operating at significantly reduced rates or closed; a large number of employees temporarily laid off worldwide, but no headcount figure disclosed. | |||||
| 2020-03-31 | restructuring | completed | 2018-12 | United States | Furniture, Flooring & Textile Products; Bedding Products | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan involved workforce reductions and closure or consolidation of certain operations; activities were materially complete by March 31, 2020. No employee-affected count disclosed. Q1 2020 charge of $0.7M ($0.6M cash). | |||
| 2020-03-31 | layoff | in_progress | 2020-03 | Worldwide | All segments | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In response to COVID-19 demand loss and government closures, the company temporarily laid off a large number of employees worldwide and limited production at roughly three quarters of its 140 facilities. No headcount figure or charge disclosed. | ||||
| 2020-03-31 | restructuring | completed | 2018-12-01 | 2019-12-31 | Global | Bedding Products; Furniture, Flooring & Textile Products | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2018 Restructuring Plan activities were substantially complete as of Dec 31, 2019. Q1 2020 incurred $0.7M in restructuring costs ($0.6M cash). No employee count disclosed for this residual activity. | ||
| 2020-03-31 | layoff | in_progress | 2020-03-31 | Global | All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company temporarily laid off a 'large number' of employees worldwide due to reduced demand and government closures. Specific headcount not disclosed. | ||||
| 2020-03-31 | restructuring | in_progress | 2018 Restructuring Plan [Member] | USD 19,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-31 | restructuring | in_progress | USD 600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-03-31 | restructuring | in_progress | One-time Termination Benefits [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-31 | restructuring | in_progress | Other Restructuring Costs [Member] | USD 400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | completed | 2018-12-31 | 2019-12-31 | United States | Furniture Products (Fashion Bed and Home Furniture) | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan; $15.1 incurred in full-year 2019 ($7.5 restructuring/restructuring-related plus $7.6 impairment), of which $8.0 cash. Activities substantially complete at 2019 year-end, including closure of the Fashion Bed business. No employees-affected count disclosed. Announcement month stated only as December 2018. | ||
| 2019-12-31 | restructuring | completed | 2019-01-01 | 2019-12-31 | United States | Residential Products (three small facilities) and Industrial Products (one operation) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2019 modification of the 2018 Restructuring Plan adding three small Residential Products facilities and one Industrial Products operation; most substantially complete by end of 2019. Charge not separately disclosed from the consolidated 2019 plan total. Announcement date not specified beyond 'in 2019'. | |||
| 2019-12-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products — Specialty Foam business unit (Elite Comfort Solutions) | USD 1,244 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | ECS acquired for $1,244.3 net cash consideration with 16 U.S. facilities; no headcount added is disclosed. Charge value shown is purchase consideration, not a severance or restructuring charge. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-12-09 | 2019-12-09 | United States | Residential Products — Geo Components | USD 21 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a manufacturer/distributor of geosynthetic and mine ventilation products for $20.8; no headcount added is disclosed. Charge value shown is purchase consideration. | ||
| 2019-12-31 | restructuring | completed | 2018-12-01 | 2019-12-31 | Global | Furniture Products, Residential Products, Industrial Products | USD 15 (millions) | Item 7. MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2018 Restructuring Plan substantially complete by end of 2019. Includes closure of Fashion Bed business. Total charges in 2019 were $15 million ($8 million cash, $7 million non-cash). Employee count not explicitly disclosed. | ||
| 2019-12-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquisition of Elite Comfort Solutions (ECS) in January 2019. Headcount added not explicitly disclosed. | |||
| 2019-12-31 | restructuring | completed | 2018-12-31 | 2019-12-31 | Global | Fashion Bed and Home Furniture | USD 15 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2018 Restructuring Plan substantially complete by end of 2019, including closure of Fashion Bed business. $15 million charge in 2019 ($8M cash, $7M non-cash). | ||
| 2019-12-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Elite Comfort Solutions (ECS). Headcount not explicitly disclosed in note, but ECS is a significant addition to Residential Products. | |||
| 2019-12-31 | restructuring | in_progress | 2018 Restructuring Plan [Member] | USD 18,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | USD 8,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2019-12-31 | restructuring | in_progress | One-time Termination Benefits [Member] | USD 4,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Contract Termination [Member] | USD 400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Other Restructuring Costs [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-09-30 | restructuring | in_progress | 2018-12-01 | 2019-12-31 | Furniture Products (Home Furniture Group, Fashion Bed); Residential Products (three small facilities); Industrial Products (one operation) | USD 26 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan committed December 2018, primarily Furniture Products segment including Fashion Bed business closure; substantially complete as of September 30, 2019. Modified in 2019 to add three small Residential facilities and one Industrial operation, expected substantially complete by year end. Total costs expected approximately $30.0 million; $26.4 million incurred to date, $3.6 million expected in remainder of year. Includes $15.8 million restructuring/restructuring-related and $10.6 million impairment costs. Employee headcount affected not quantified. | |||
| 2019-09-30 | plant_closure | completed | 2018-12-01 | 2019-09-30 | Furniture Products — Fashion Bed business | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closure of the Fashion Bed business (ornamental beds, bed frames and accessories) was substantially complete as of September 30, 2019 as part of the 2018 Restructuring Plan. Headcount affected not disclosed. | ||||
| 2019-09-30 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products — ECS business unit | USD 1,244 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired ECS, a leader in proprietary specialized foam technology with 16 facilities across the United States, for approximately $1.25 billion cash. Headcount added not disclosed. | ||
| 2019-09-30 | restructuring | in_progress | 2018-12-31 | 2019-12-31 | United States | Furniture Products (Home Furniture Group, Fashion Bed); additional 2019 additions in Residential Products (3 facilities) and Industrial Products (1 operation) | USD 30 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan; no employee counts disclosed. Total expected cost ~$30.0M, $26.4M incurred to date ($10.1M in 9M 2019, of which $5.2M cash), $3.6M expected in Q4 2019. Original scope substantially complete at 9/30/2019, including closure of the Fashion Bed business; 2019-added facilities expected complete by year-end. Restructuring charges by segment for 9M 2019: Furniture $2.6M, Residential $1.5M, Industrial $0.6M. | ||
| 2019-09-30 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products (Bedding group — Elite Comfort Solutions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | ECS acquired 1/16/2019 for ~$1.25B cash; 16 facilities across the U.S. Headcount added through the acquisition is not disclosed in this filing. | |||
| 2019-09-30 | restructuring | in_progress | 2018-12-01 | 2019-12-31 | United States | Furniture Products, Residential Products, Industrial Products | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2018 Restructuring Plan modified in 2019 to include facilities in Residential and Industrial segments. Total costs expected to be $30.0 million; $26.4 million incurred to date. Employee count not disclosed. | ||
| 2019-09-30 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | USD 1,244 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Elite Comfort Solutions, Inc. (ECS). Headcount added not explicitly disclosed. | ||
| 2019-09-30 | restructuring | in_progress | 2018 Restructuring Plan [Member] | USD 15,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | 2018-12-01 | 2019-09-30 | Furniture Products (Home Furniture Group and Fashion Bed business); one small facility in Residential Products added July 2019 | USD 33 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Committed December 2018; includes workforce reductions and closure or consolidation of certain operations. $22.6 of costs incurred to date, $10.4 expected in remainder of 2019. Furniture Products restructuring expected substantially complete by end of Q3 2019; Residential facility by year end. No employee count disclosed. | |||
| 2019-06-30 | plant_closure | in_progress | 2019-03-31 | 2019-09-30 | Furniture Products — Fashion Bed business | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closure of Fashion Bed business (ornamental beds, bed frames and accessories) announced in late March 2019 as part of the 2018 Restructuring Plan; part of Furniture Products restructuring expected substantially complete by end of Q3 2019. No employee count disclosed. | ||||
| 2019-06-30 | restructuring | in_progress | 2018-12 | 2019-09-30 | United States | Furniture Products | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan covering Home Furniture Group and Fashion Bed business; Fashion Bed closure announced late March 2019. Total plan cost approximately $33.0, of which $22.6 incurred to date and $10.4 expected for the remainder of 2019; $8.8 of total incurred is cash. No employee counts disclosed. | ||
| 2019-06-30 | restructuring | announced | 2019-07 | 2019-12-31 | United States | Residential Products | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | July 2019 modification adding one small facility to the 2018 Restructuring Plan; total plan cost stated as materially unchanged from the approximately $33.0 estimate. Subsequent-event disclosure after the June 30, 2019 quarter close. | |||
| 2019-06-30 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Elite Comfort Solutions (ECS) for approximately $1.25 billion cash; 16 facilities across the United States. Headcount added through the acquisition is not disclosed in the filing. | |||
| 2019-06-30 | restructuring | in_progress | 2018-12-01 | 2019-09-30 | United States | Furniture Products | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2018 Restructuring Plan associated with Home Furniture Group and Fashion Bed business. Fashion Bed closure announced March 2019. Plan modified July 2019 to include one small facility in Residential Products. Total estimated cost $33.0 million. $22.6 million incurred to date. Employee count not disclosed. | ||
| 2019-06-30 | restructuring | in_progress | 2018 Restructuring Plan [Member] | USD 13,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | 2018-12-01 | 2019-06-30 | Furniture Products — Home Furniture Group | USD 33 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2018 Restructuring Plan: exiting low-margin business, reducing costs and eliminating excess capacity in Home Furniture; $22.6 incurred to date, $10.4 expected in remainder of 2019; substantially complete by end of Q2 2019 | |||
| 2019-03-31 | plant_closure | in_progress | 2019-03-31 | 2019-09-30 | Furniture Products — Fashion Bed business | USD 33 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Closure of Fashion Bed business announced in late March 2019; part of the 2018 Restructuring Plan with total estimated costs of approximately $33.0 million | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products — ECS business unit | USD 1,244 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Elite Comfort Solutions, Inc. completed January 16, 2019 for approximately $1.25 billion; ECS operates 16 facilities across the United States; no employee headcount disclosed | ||
| 2019-03-31 | restructuring | in_progress | 2018-12 | 2019-06-30 | United States | Furniture Products — Home Furniture Group | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan component: exiting low-margin business, reducing operating costs and eliminating excess capacity; no employee count disclosed. Program-wide estimated cost of $33.0M, of which $22.6M incurred to date and $10.4M expected for the remainder of 2019; Q1 2019 charges for the plan totaled $6.3M ($3.6M restructuring-related, $2.7M impairment) | |||
| 2019-03-31 | plant_closure | announced | 2019-03 | 2019-09-30 | United States | Furniture Products — Fashion Bed business | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of Fashion Bed (ornamental beds, bed frames, accessories) announced in late March 2019 as part of the 2018 Restructuring Plan; no employee count disclosed. Shares the program-level $33.0M cost estimate with the Home Furniture component — charge not allocated between components | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Elite Comfort Solutions, Inc. (ECS), a specialty foam producer with 16 facilities across the United States; purchase price $1,244.4M. Headcount added not disclosed in the filing | |||
| 2019-03-31 | restructuring | in_progress | 2018-12-01 | 2019-06-30 | Furniture Products | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2018 Restructuring Plan associated with Home Furniture Group and Fashion Bed business. Q1 2019 charges of $3.6M. Home Furniture exit substantially complete by end of Q2 2019; Fashion Bed closure substantially complete by end of Q3 2019. Employee count not disclosed. | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-16 | 2019-01-16 | United States | Residential Products | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Elite Comfort Solutions, Inc. (ECS). Headcount added not explicitly disclosed. | |||
| 2019-03-31 | restructuring | in_progress | 2018 Restructuring Plan [Member] / Furniture Products [Member] | USD 14,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | 2018-12 | 2019-12-31 | Furniture Products segment (Fashion Bed business and Home Furniture Group); plan entails exiting low-margin business, reducing operating costs and eliminating excess capacity | USD 16 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan committed December 2018 after Fashion Bed and Home Furniture underperformance. Total expected plan charges of $33.0 million ($27.9 million restructuring/restructuring-related plus $5.1 million non-cash impairment); $16.3 million incurred in fiscal 2018, with an estimated additional $17 million expected in 2019. Company-wide 2018 restructuring and restructuring-related costs were $12.4 million, the majority related to this plan (including $7.8 million severance and other restructuring costs and $4.6 million inventory obsolescence). Number of employees affected not disclosed. | |||
| 2018-12-31 | acquisition_addition | completed | 980 | 2018-11-06 | 2019-01-16 | United States | Residential Products segment - new Specialty Foam business unit | subsequent_events f5-10k / GLM-5.3-flash-HTML | Definitive agreement signed November 6, 2018; acquisition of Elite Comfort Solutions, Inc. (ECS) completed January 16, 2019, after the fiscal year-end, for cash consideration of approximately $1.25 billion. ECS had 980 employees on the acquisition date and operated 16 U.S. facilities; 13 manufacturing facilities were added, all held within Residential Products. | ||
| 2018-12-31 | acquisition_addition | completed | 2018-01 | 2018-01-31 | Specialized Products segment - new Hydraulic Cylinders business group | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Precision Hydraulic Cylinders (PHC) acquired in January 2018 for $87.5 million, forming a new Hydraulic Cylinders group within Specialized Products; number of employees acquired not disclosed. Two additional small Geo Components businesses were also acquired during 2018 for total consideration of $22 million; headcount not disclosed for those either. No divestitures occurred in 2018. | ||||
| 2018-12-31 | restructuring | in_progress | 2018-12-31 | 2019-12-31 | United States | Furniture Products (Fashion Bed and Home Furniture businesses) | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2018 Restructuring Plan committed December 2018; exiting low-margin business, reducing costs, eliminating excess capacity. Q4 2018 charge of $16M ($7M cash/$9M non-cash) per MD&A; Note F plan table shows $16.3M incurred in 2018 of $33.0M total expected, with additional ~$17M expected in 2019. Employees affected not disclosed. | ||
| 2018-12-31 | acquisition_addition | completed | 980 | 2018-11-06 | 2019-01-16 | United States | Residential Products (Specialty Foam business unit) | USD 1,250 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Elite Comfort Solutions (ECS) acquisition completed January 16, 2019 for ~$1.25B cash consideration; ECS had 980 employees on the acquisition date. Charge value is purchase price, not a workforce charge. Subsequent to fiscal year-end. | |
| 2018-12-31 | restructuring | completed | 2018-12-31 | 2019-12-31 | United States | Furniture Products | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Fourth quarter 2018 restructuring-related charges of $16 million ($7 million cash, $9 million non-cash) primarily attributable to Fashion Bed and Home Furniture businesses. Activity expected to be substantially complete by end of 2019. | ||
| 2018-12-31 | restructuring | in_progress | 2018-12-31 | 2019-12-31 | Global | Fashion Bed and Home Furniture businesses | USD 16 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter 2018 restructuring-related charges of $16 million ($7 million cash and $9 million non-cash). Activity expected to be substantially complete by end of 2019. | ||
| 2018-12-31 | acquisition_addition | completed | 980 | 2019-01-16 | 2019-01-16 | United States | Residential Products (Specialty Foam) | subsequent_events f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Elite Comfort Solutions, Inc. (ECS) completed January 16, 2019. ECS had 980 employees on the acquisition date. | ||
| 2018-12-31 | restructuring | in_progress | USD 12,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2018-12-31 | restructuring | in_progress | Furniture Products [Member] | USD 10,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Industrial Products [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Residential Products [Member] | USD 1,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | Specialized Products [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-09-30 | acquisition_addition | announced | 2018-11-06 | 2019-01-31 | United States | Residential Products | USD 1,250 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Definitive agreement to acquire Elite Comfort Solutions, Inc. for $1.25 billion cash; ECS has 16 U.S. facilities; no headcount figure disclosed. Expected to close January 2019. | ||
| 2018-09-30 | acquisition_addition | announced | 2018-11-06 | 2019-01-31 | United States | Residential Products | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash purchase price of $1.25 billion; no headcount disclosed. Financing via commercial paper, new $500M five-year term loan, and up to $900M 364-day bridge facility; share repurchases to be suspended post-close. | |||
| 2018-09-30 | restructuring | announced | 2018-12-31 | United States | Furniture Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In-depth analysis of Home Furniture and Fashion Bed operations that may result in restructuring charges; analysis expected to be completed in Q4 2018. No employee count or charge amount disclosed; no announcement date stated. | ||||
| 2018-09-30 | acquisition_addition | completed | United States | Residential Products; Specialized Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three acquisitions completed in the nine months ended September 30, 2018 (geo components manufacturer/distributor, silt fence manufacturer, Precision Hydraulic Cylinders) for aggregate net cash consideration of $107.9 million; no headcount added disclosed. | |||||
| 2018-09-30 | other | announced | 2018-09-30 | 2018-12-31 | United States | Home Furniture; Fashion Bed | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company conducting in-depth analysis of operations that may result in restructuring charges; analysis expected to be completed in Q4 2018. | |||
| 2018-06-30 | acquisition_addition | completed | 2018-01-31 | Global | Specialized Products — new Hydraulic Cylinders business group | USD 86 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price of Precision Hydraulic Cylinders, not a severance charge; no headcount disclosed for the acquired workforce. | |||
| 2018-06-30 | acquisition_addition | completed | 2018-05-21 | United States | Residential Products — Geo Components | USD 3 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a silt fence manufacturer/distributor; purchase price, not a severance charge; no headcount disclosed. | |||
| 2018-03-31 | acquisition_addition | completed | 2018-01-31 | Global | Specialized Products (Hydraulic Cylinders business group) | USD 85 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price of $84.8 million; no employee headcount added by the acquisition is disclosed in the filing. | |||
| 2017-12-31 | acquisition_addition | completed | 2017 | 2017 | Canada; United States (Michigan, North Carolina); Asia | Residential Products (Geo Components, Carpet Cushion); Furniture Products (Work Furniture) | USD 56 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Completed during FY2017: three businesses (Canadian geosynthetic products distributor/installer; Michigan surface-critical bent tube manufacturer; North Carolina rebond carpet cushion producer) plus the remaining 20% of an Asian joint venture in Work Furniture. Total consideration $56 million including cash and stock per Item 1. Employee headcount added not disclosed. | ||
| 2017-12-31 | divestiture_reduction | completed | 2017 | 2017 | Specialized Products — Commercial Vehicle Products (CVP) | USD 9 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the final CVP business (van interiors: racks, shelving and cabinets) completed in the third quarter of 2017 for total consideration of $9 million per Item 1. A pretax loss of $3.3 million was recorded on the sale, plus a separate $23.4 million pretax gain on related real estate. Employee headcount removed not disclosed. | |||
| 2017-12-31 | acquisition_addition | completed | 2018-01-31 | 2018-01-31 | Global | Specialized Products — new Hydraulic Cylinders group | USD 85 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Subsequent event occurring after fiscal year-end: acquired Precision Hydraulic Cylinders (PHC), a global manufacturer of engineered hydraulic cylinders primarily for materials handling, with current annual revenues of $81 million. Employee headcount added not disclosed. | ||
| 2017-12-31 | acquisition_addition | completed | United States; Canada; Asia | Residential Products; Furniture Products | USD 56 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three businesses acquired plus remaining 20% of an Asian Work Furniture joint venture for total consideration of $56 million (cash and stock); headcount added not disclosed. | ||||
| 2017-12-31 | divestiture_reduction | completed | United States | Specialized Products — Commercial Vehicle Products | USD 9 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Final Commercial Vehicle Products operation divested for total consideration of $9 million; pretax loss of $3.3 million on the sale; headcount removed not disclosed. | ||||
| 2017-12-31 | restructuring | completed | USD 1 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $0.8 million recorded in 2017 (employee termination, contract termination and related exit activities); employees affected and completion timing not disclosed. | ||||||
| 2017-12-31 | acquisition_addition | completed | 2018-01-31 | 2018-01-31 | Global | Specialized Products — new Hydraulic Cylinders business group | USD 85 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: Precision Hydraulic Cylinders acquired January 31, 2018 for $85 million purchase price; business has annual revenues of $81 million; headcount added not disclosed. | ||
| 2017-09-30 | divestiture_reduction | completed | 2017-09-30 | Specialized Products - Commercial Vehicle Products (CVP) operation | USD 3 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Remaining CVP operation sold in Q3 2017; pre-tax loss of $3.3 million realized. Related real estate sold October 2017 with expected $23.4 million pre-tax gain in Q4. No employee headcount figures disclosed. | ||||
| 2017-09-30 | acquisition_addition | completed | Residential Products; Furniture Products | USD 39 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Three businesses acquired in 2017: geosynthetic products distributor ($23M), surface-critical bent tube components manufacturer ($17M), and carpet cushion producer (257,454 shares of stock). No headcount figures disclosed. | |||||
| 2017-09-30 | divestiture_reduction | completed | Specialized Products — CVP Group | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining Commercial Vehicle Products operation sold in Q3 2017; associated real estate sold October 2017. No employee count disclosed. | ||||||
| 2017-09-30 | acquisition_addition | completed | Residential Products; Furniture Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three acquisitions completed in 2017 (geo distributor/installer, bent tube components manufacturer, carpet underlay manufacturer); no headcount added disclosed. | ||||||
| 2017-09-30 | plant_closure | in_progress | Industrial Products — Wire Products unit | USD 5 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Small Wire Products business reached held-for-sale status in Q3 2017; $4.6M impairment ($1.3M goodwill, $3.3M long-lived assets). No employee count disclosed. | |||||
| 2017-06-30 | acquisition_addition | completed | United States | Residential Products — Geo Components | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired in Q1 2017 for $23 million; headcount added not disclosed | |||||
| 2017-06-30 | acquisition_addition | completed | United States | Furniture Products — Work Furniture | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired in Q1 2017 for $17 million; headcount added not disclosed | |||||
| 2017-03-31 | acquisition_addition | completed | United States | Residential Products; Furniture Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two Q1 2017 acquisitions totaling $40.0 million: a geosynthetic products distributor/installer ($23 million) and a maker of surface-critical bent tube components ($17 million). Headcount added not disclosed. A separate $2.6 million purchase of the remaining 20% of an Asian joint venture in Work Furniture also closed in the quarter. | |||||
| 2016-12-31 | divestiture_reduction | completed | 2016 | Industrial Materials — Wire Products | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | One of two Wire Products operations divested in 2016; this one manufactured wire partitions, perimeter guarding and storage lockers. Note B reports one Wire Products sale in Q2 2016 and one in Q4 2016 without mapping quarters to specific businesses. Headcount impact not disclosed. Aggregate net consideration for all four 2016 divestitures was $72 million; combined gain on the two Wire Products sales was $21.2 million. | |||||
| 2016-12-31 | divestiture_reduction | completed | 2016 | Industrial Materials — Wire Products | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | One of two Wire Products operations divested in 2016; this one manufactured automatic wire strapping equipment and related consumable wire products. Headcount impact not disclosed. | |||||
| 2016-12-31 | divestiture_reduction | completed | 2016-06 | Specialized Products — Commercial Vehicle Products (docking stations for mobile computing equipment in vehicles) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | CVP operation divested in the second quarter of 2016; gain on sale of $11.2 million. Headcount impact not disclosed. | |||||
| 2016-12-31 | divestiture_reduction | completed | 2016-12 | Specialized Products — Machinery (industrial sewing machines assembly) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Machinery operation divested in the fourth quarter of 2016. Headcount impact not disclosed. | |||||
| 2016-12-31 | acquisition_addition | completed | 2016 | Specialized Products (aerospace tube assemblies); Residential Furnishings (geo-synthetic products distribution; mattress innersprings) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Three small businesses acquired during 2016 for an aggregate purchase price of $29.2 million: a U.S. manufacturer of aerospace tube assemblies, a distributor of geosynthetic products, and a South African producer of mattress innersprings. Headcount added not disclosed. Separately, the remaining interest in an already-consolidated Automotive joint venture in China was purchased for $35.2 million, which did not represent an addition of previously unconsolidated headcount. | |||||
| 2016-12-31 | acquisition_addition | completed | United States; South Africa | Residential Furnishings; Specialized Products (Aerospace) | USD 30 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three small businesses acquired in 2016 (aerospace tube assemblies, geosynthetic distributor, South African innerspring producer) for total purchase price of $29.2; net cash consideration $29.5. Headcount added not disclosed. | ||||
| 2016-12-31 | acquisition_addition | completed | China | Specialized Products (Automotive) | USD 35 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased the remaining interest in an Automotive joint venture in China (seat comfort and lumbar support products); headcount added not disclosed. | ||||
| 2016-12-31 | divestiture_reduction | completed | United States | Industrial Materials (Wire Products); Specialized Products (CVP, Machinery) | USD 72 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four small businesses divested in 2016 for total net consideration of $72: two Wire Products operations, one CVP operation, and one industrial sewing machine Machinery operation. Combined annual sales of divested businesses approximately $100 million; headcount removed not disclosed. | ||||
| 2016-12-31 | restructuring | completed | Not disclosed | Not disclosed | USD 1 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $0.8 recorded in 2016 (employee/contract termination, plant closure and asset relocation costs); no employees-affected count or program detail disclosed. | ||||
| 2016-09-30 | divestiture_reduction | completed | 2016-06-30 | Industrial Materials | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture disclosed in Note 5 Other Divestitures; external sales of $19.5 nine months 2016. No employee count disclosed. Exact divestiture date not given; quarter-end used. | |||||
| 2016-09-30 | divestiture_reduction | completed | 2016-06-30 | Specialized Products | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture disclosed in Note 5 Other Divestitures; $11.2 gain realized. No employee count disclosed. Exact divestiture date not given; quarter-end used. | |||||
| 2016-09-30 | acquisition_addition | completed | 2016-08 | Residential Furnishings | USD 11 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash purchase price of $11.3 million; $2.0 million goodwill recognized. No headcount added disclosed. | ||||
| 2016-09-30 | acquisition_addition | completed | 2016 | United States | Specialized Products | USD 16 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price $16.4 million; $3.8 million goodwill. Acquisition month not disclosed; no headcount added disclosed. | |||
| 2016-09-30 | acquisition_addition | completed | 2016 | Asia | Specialized Products | USD 35 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Seat frames and lumbar support systems JV in Automotive Group; $35.2 million paid. No headcount impact disclosed; date within 2016 not specified. | |||
| 2016-06-30 | acquisition_addition | completed | 2016-02 | United States | Specialized Products — Aerospace Products business unit | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% interest in a U.S. fabricated tubing business; purchase price $16.5 million. No headcount added disclosed. | ||||
| 2016-06-30 | acquisition_addition | completed | 2016-05 | Asia | Specialized Products — Automotive Group | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchased remaining 30% ownership in an Asian joint venture (seat frames and lumbar support systems) for $35.2 million; no headcount disclosed. | ||||
| 2016-06-30 | divestiture_reduction | completed | 2016-06 | Industrial Materials — Wire Products operation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested a Wire Products operation (automatic wire strapping equipment and galvanized strapping wire) in second quarter 2016; external sales of $19.5 for six months. No headcount reduction disclosed. | |||||
| 2016-06-30 | divestiture_reduction | completed | 2016-06 | Specialized Products — Commercial Vehicle Products (CVP) operation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested one of two remaining CVP operations in June 2016 (gain of $11.2); combined net proceeds with Wire Products divestiture were $47 million with $12 million gain per MD&A. Remaining CVP real estate reached held-for-sale status, triggering a $3.7 goodwill impairment. No headcount reduction disclosed. | |||||
| 2016-03-31 | acquisition_addition | completed | 2016-02-01 | United States | Specialized Products (Aerospace Products business unit) | USD 16 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase price of acquired U.S. fabricated tubing business; no headcount added disclosed | |||
| 2016-03-31 | divestiture_reduction | announced | 2016-02-01 | Specialized Products (Commercial Vehicle Products operation) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | One CVP operation reached held-for-sale status in Q1 2016 but did not qualify for discontinued operations; no headcount disclosed | |||||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-23 | Industrial Materials — Steel Tubing | USD 3 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Steel Tubing sold December 23, 2015 for total consideration of $25 million; results included $5.5 million of impairment charges and a $3.2 million pre-tax loss on sale. Held-for-sale status reached in Q1 2015. Affected headcount not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | Commercial Products — Store Fixtures (discontinued operations) | USD 3 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Final two Store Fixtures operations sold during 2015 for $8 million, generating a $3 million after-tax gain recognized in discontinued operations (value shown is a gain, not a charge). Follows the November 2014 sale of the majority of the unit. Affected headcount not disclosed. | |||||
| 2015-12-31 | divestiture_reduction | completed | Specialized Products — Commercial Vehicle Products | USD 1 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Small CVP operation divested in Q4 2015 for $3 million; pre-tax gain on sale of $1.3 million recorded in Other (income) expense (value shown is a gain, not a charge). Did not meet discontinued operations criteria. Affected headcount not disclosed. | |||||
| 2015-12-31 | acquisition_addition | completed | 2015-03 | Europe | Commercial Products — Work Furniture | USD 23 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired a 70% interest in a European private-label manufacturer of high-end upholstered furniture for a purchase price of $22.7 million; remaining 30% to be acquired over five years, with a long-term liability of approximately $10 million recorded. Headcount added through the acquisition not disclosed. | |||
| 2015-12-31 | restructuring | in_progress | Continuing operations — severance charges spanned Residential Furnishings ($0.5M) and Industrial Materials ($3.8M total restructuring-related) | USD 2 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Ongoing cost-reduction initiatives have included workforce reductions and closure/consolidation of certain operations; no announcement date or employee count disclosed. FY2015: $1.5 million charged to the restructuring accrual (termination benefits $0.8M, contract termination $0.4M, other $0.3M), $2.4 million paid, $0.7 million balance at year-end; $1.6 million of severance and other restructuring costs charged to other (income) expense in continuing operations. | |||||
| 2015-12-31 | restructuring | completed | 2015-12-31 | United States | Company-wide (continuing operations) | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 severance and other restructuring costs of $1.6M in continuing operations (total restructuring and restructuring-related costs of $1.0M including discontinued operations); termination-benefit accrual charges of $0.8M and payments of $1.8M during 2015. Employees affected not disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-23 | United States | Industrial Materials — Steel Tubing | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Steel Tubing business sold 23 December 2015 for $25M total consideration; results (including $5.5M impairment and $3.2M pre-tax loss on sale) remained in continuing operations. Headcount removed not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-31 | United States | Commercial Products — Store Fixtures (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Final two Store Fixtures operations sold during 2015 for $8M with a $3M after-tax gain, completing the exit of the business (majority sold November 2014). Headcount removed not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015-12-31 | United States | Specialized Products — Commercial Vehicle Products (CVP) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Small CVP operation divested in Q4 2015 for $3M with a $1M pre-tax gain; did not meet discontinued-operations criteria. Headcount removed not disclosed. | ||||
| 2015-12-31 | acquisition_addition | completed | 2015-03-31 | 2015-03-31 | Europe | Commercial Products — Work Furniture | USD 23 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 70% interest in a European private-label manufacturer of high-end upholstered furniture for $22.7M in March 2015; remaining 30% to be acquired over five years with a ~$10M long-term liability recorded. Headcount added not disclosed. | ||
| 2015-12-31 | divestiture_reduction | announced | 2016-02-01 | United States | Specialized Products — Commercial Vehicle Products (CVP) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | In February 2016 (after fiscal year-end), one of the two remaining CVP operations reached held-for-sale status; company continues to explore strategic alternatives for the final CVP operation. Headcount not disclosed. | ||||
| 2015-12-31 | restructuring | completed | 2015-01-01 | 2015-12-31 | Global | Multiple | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Total restructuring and restructuring-related costs for 2015 were $1.0 million. Employee count not disclosed. | ||
| 2015-12-31 | acquisition_addition | completed | 2015-03-01 | 2015-03-31 | Europe | Commercial Products | USD 23 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired 70% interest in European private-label manufacturer for $23 million. Employee count not disclosed. | ||
| 2015-12-31 | restructuring | completed | Global | Various | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cash charges for restructuring initiatives in 2015 were $1.5 million. Employee count not disclosed. | ||||
| 2015-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Continuing Operations [Member] | USD 1,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Inventory Valuation and Obsolescence [Member] / Other Initiatives [Member] / Continuing Operations [Member] | USD 300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Discontinued Operations [Member] | USD -100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] / Industrial Materials [Member] / Continuing Operations [Member] | USD 3,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] / Residential Furnishings [Member] / Continuing Operations [Member] | USD 500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] / Specialized Products [Member] / Continuing Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] / Continuing Operations [Member] | USD 4,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Initiatives [Member] / Discontinued Operations [Member] | USD -3,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-06-30 | divestiture_reduction | completed | 2015-06-15 | China | Commercial Products - Store Fixtures (metal store fixtures operation) | USD 3 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Sale of metal store fixtures operation in China completed June 15, 2015; $2.9 million after-tax gain recorded in discontinued operations. No employee headcount affected was disclosed. | |||
| 2015-06-30 | acquisition_addition | completed | 2015-03-05 | Europe | Commercial Products - Work Furniture Group | USD 23 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired 70% interest in a European private-label manufacturer of high-end upholstered furniture for $22.7 million; remaining 30% to be acquired over next five years with approximately $10 million long-term liability recorded. No employee headcount added was disclosed. | |||
| 2015-06-30 | other | announced | 2015-12-31 | United States | U.S. defined benefit pension plans | USD 13 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | One-time voluntary lump sum pension payment offering to former employees not yet collecting benefits, anticipated in Q4 2015; expected special non-cash pretax charges of approximately $10-15 million (midpoint shown). Payments made from plan assets, expected neutral to company cash. Not a headcount reduction; captured as a workforce-related action affecting former employees. | |||
| 2015-06-30 | acquisition_addition | completed | 2015-03-05 | Europe | Commercial Products (Work Furniture Group) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 70% interest in a European private-label upholstered furniture manufacturer for $22.7 million purchase price; no headcount disclosed. Remaining 30% to be acquired over five years. | ||||
| 2015-06-30 | divestiture_reduction | completed | 2015-06-15 | China | Commercial Products — Store Fixtures (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of metal store fixtures operation in China; $2.9 million after-tax gain recorded. No headcount disclosed. | ||||
| 2015-06-30 | divestiture_reduction | in_progress | 2015-03-31 | United States | Industrial Materials — Steel Tubing | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Steel Tubing business reached held-for-sale status during Q1 2015 (exact date not disclosed); associated $4.1 goodwill and $1.4 long-lived asset impairments. No headcount disclosed. | ||||
| 2015-06-30 | divestiture_reduction | announced | Commercial Products — Store Fixtures (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | One remaining small Store Fixtures business; company states it is actively pursuing a sale. No announcement date or headcount disclosed. | ||||||
| 2015-03-31 | acquisition_addition | completed | 2015-03-05 | Europe | Commercial Products — Work Furniture Group | USD 12 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired 70% of a European private-label manufacturer of high-end upholstered office/commercial furniture; remaining 30% to be acquired over next five years with ~$10.0 million long-term liability recorded; no headcount figures disclosed | |||
| 2015-03-31 | divestiture_reduction | in_progress | Industrial Materials — Steel Tubing | USD 4 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Steel Tubing business reached held-for-sale status in Q1 2015 (did not qualify for discontinued operations); full goodwill impairment of $4.1 million plus $1.4 million long-lived asset impairment; no headcount figures disclosed | |||||
| 2015-03-31 | acquisition_addition | completed | 2015-03-05 | Europe | Commercial Products | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 70% interest in a European private-label manufacturer of high-end upholstered furniture; remaining 30% to be acquired over five years with a ~$10.0M long-term liability. No headcount disclosed. | ||||
| 2015-03-31 | divestiture_reduction | in_progress | 2015-03-31 | Industrial Materials — Steel Tubing | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Steel Tubing business reached held-for-sale status in Q1 2015 (did not qualify for discontinued operations treatment); $4.1M goodwill and $1.4M long-lived asset impairments recorded. No headcount disclosed. | |||||
| 2014-12-31 | divestiture_reduction | completed | 2014-11-01 | 2014-11-01 | Commercial Fixturing & Components — Store Fixtures group (reported in discontinued operations) | USD 9 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Majority of the Store Fixtures business sold for total consideration of $59.2 million, generating a pre-tax loss on sale of about $9 million ($4.7 million after tax). Divested operations were roughly three-quarters of the unit's revenues. Employee count transferred or eliminated not disclosed. Divestiture process began earlier in 2014 (held-for-sale criteria met in Q3 2014); sale of two remaining facilities still being pursued at year end. | |||
| 2014-12-31 | acquisition_addition | completed | 2014-06-30 | 2014-06-30 | United States | Residential Furnishings | USD 45 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Purchase price for Tempur Sealy's three U.S. innspring component production facilities (MD&A elsewhere cites July 1 completion and $45 million). Company completed five acquisitions in total during 2014, all in Residential Furnishings. Headcount added not disclosed. | ||
| 2014-12-31 | acquisition_addition | completed | 2014 | 2014 | Germany | Residential Furnishings — Furniture Hardware business | USD 17 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Kintec-Solution, a German designer and distributor of high-end European-styled motion components; specific completion date within 2014 not disclosed. Headcount added not disclosed. | ||
| 2014-12-31 | restructuring | in_progress | 2014 | Continuing and discontinued operations | USD 11 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Ongoing cost-reduction initiatives included workforce reductions and closure or consolidation of certain operations. FY2014 total restructuring and restructuring-related cost of $11.2 million comprises $0.9 million severance in continuing operations, $1.8 million severance in discontinued operations, and $8.6 million of asset-sale losses in discontinued operations tied to exit activities (overlapping the Store Fixtures divestiture loss). Cash charges were $2.7 million, including $2.6 million of termination-benefit charges; accrued restructuring liability was $1.6 million at year end. Number of employees affected not disclosed. | ||||
| 2014-12-31 | restructuring | in_progress | United States and international | Company-wide (continuing and discontinued operations) | USD 11 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2014 activity only: $0.8M continuing operations and $10.4M discontinued operations; includes termination benefits charges of $2.6M (accrual balance $1.1M at year-end). Employee counts not disclosed. | ||||
| 2014-12-31 | divestiture_reduction | completed | 2014-06-30 | 2014-11-01 | United States | Commercial Fixturing & Components — Store Fixtures group | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of approximately three-quarters of the business unit's revenues completed November 1, 2014; remaining facilities still being marketed. Headcount not disclosed; $108.0M goodwill impairment and $9M pretax loss on sale recorded. | |||
| 2014-12-31 | acquisition_addition | completed | 2014-06-30 | 2014-06-30 | United States | Residential Furnishings — innerspring components | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Largest of five 2014 acquisitions; headcount added not disclosed. Company also acquired Kintec-Solution (Germany, $16.8M) and three smaller businesses during 2014. | |||
| 2014-12-31 | restructuring | completed | Global | Continuing Operations | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Total restructuring charges for continuing operations were $0.8 million in 2014, comprising $0.9 million in severance and other costs and a $0.1 million gain from asset sales. Employee count not disclosed. | ||||
| 2014-12-31 | restructuring | completed | Global | Discontinued Operations | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Total restructuring charges for discontinued operations were $10.4 million in 2014, comprising $1.8 million in severance and other costs and $8.6 million in losses from asset sales. Employee count not disclosed. | ||||
| 2014-12-31 | restructuring | completed | 2014-12-31 | 2014-12-31 | Global | Continuing Operations | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other restructuring costs charged to other (income) expense, net. | ||
| 2014-12-31 | restructuring | completed | 2014-12-31 | 2014-12-31 | Global | Discontinued Operations | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other restructuring costs in discontinued operations. | ||
| 2014-12-31 | divestiture_reduction | completed | 2014-11-01 | 2014-11-01 | United States | Commercial Fixturing & Components | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sold majority of Store Fixtures business. No specific headcount reduction disclosed. | |||
| 2014-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Continuing Operations [Member] | USD 900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Discontinued Operations [Member] | USD 1,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] | USD 11,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] / Industrial Materials [Member] / Continuing Operations [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] / Residential Furnishings [Member] / Continuing Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] / Specialized Products [Member] / Continuing Operations [Member] | USD 700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] / Continuing Operations [Member] | USD 800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Initiatives [Member] / Discontinued Operations [Member] | USD 10,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-09-30 | divestiture_reduction | completed | 2014-11-01 | United States | Commercial Fixturing & Components — Store Fixtures | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Store Fixtures classified as held for sale and discontinued operations in Q3 2014; majority of the reporting unit sold 2014-11-01 for approximately $62 million, with an expected after-tax loss of about $6 million in Q4 2014. No employee headcount impact disclosed. | ||||
| 2014-09-30 | acquisition_addition | completed | 2014-07-01 | United States | Residential Furnishings | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five acquisitions completed in the nine months ended 2014-09-30, all in Residential Furnishings (foam carpet underlay, fabric converting, innersprings, industrial fabrics, home furniture components), including Tempur Sealy's three U.S. innerspring facilities acquired 2014-06-30 for $45.7 million. Headcount added not disclosed; one consolidated record to avoid double-counting the Tempur Sealy deal. | ||||
| 2014-06-30 | acquisition_addition | completed | 2014-07-01 | 2014-06-30 | United States | Residential Furnishings | USD 48 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase of Tempur Sealy's three U.S. innerspring component facilities ($47.7 purchase price; $18.4 goodwill). Headcount added not disclosed; purchase price allocation table shows no workforce line item. | ||
| 2014-06-30 | other | announced | 2014-08-05 | United States | Commercial Fixturing & Components — Store Fixtures | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board authorized management to dispose of the Store Fixtures business or portions thereof; investment banker engaged and strategic alternatives (including divestiture) being explored following a $108.0 goodwill impairment. No workforce reduction, headcount, or severance amount disclosed. | ||||
| 2013-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Company-wide — closure of four underperforming facilities | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2011 Restructuring Plan carried a $37 million pre-tax charge in 2011 and was substantially complete by end of 2012; 2013 activity limited to residual charges of $0.6 million (cumulative $5.6 million). Employee counts never disclosed. Separate ongoing cost-reduction initiatives added another $1.0 million of 2013 restructuring-related costs, none individually material. | |||
| 2013-12-31 | plant_closure | completed | Industrial Materials — wire dishwasher racks (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Final location producing wire dishwasher racks closed in Q2 2013, discontinuing the product line; part of the 2011 Restructuring Plan, with related impairment charges recorded in 2011 and 2012 and tax benefits in Q2 2012 and Q2 2013. Headcount not disclosed. | ||||||
| 2013-12-31 | plant_closure | completed | Industrial Materials — cotton-based erosion control products (discontinued operations) | USD 2 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Operation closed in Q2 2013 with $1.9 million of charges to write assets down to fair value less costs to sell, including $1.5 million of fixed asset impairments. Headcount not disclosed. | |||||
| 2013-12-31 | divestiture_reduction | completed | Specialized Products — Commercial Vehicle Products unit (specialty trailers) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Specialty trailers portion of the CVP unit divested in Q2 2013 with no significant gain or loss; the branch had external sales of $0.5 million in 2013. Headcount not disclosed. | ||||||
| 2013-12-31 | acquisition_addition | completed | 2013-05 | United Kingdom | Industrial Materials — Aerospace Products business unit (aerospace tube fabrication) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | UK-based business acquired in May 2013, extending aerospace tube fabrication capability; headcount not disclosed. Aerospace Products unit has an annual revenue run rate above $120 million. | ||||
| 2013-12-31 | acquisition_addition | completed | 2013-07 | France | Industrial Materials — Aerospace Products business unit (small-diameter, high-pressure seamless tubing) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | French-based company acquired in July 2013 for $14.5 million cash; an $8.8 million non-taxable bargain purchase gain was recognized in Q3 2013. Headcount not disclosed. | ||||
| 2013-12-31 | acquisition_addition | completed | Residential Furnishings — geotextile products | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | One of four 2013 acquisitions per the Note R summary table; specific acquisition date and headcount not disclosed. | ||||||
| 2013-12-31 | acquisition_addition | completed | Specialized Products — innerspring unit wire-forming machines | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | One of four 2013 acquisitions per the Note R summary table; specific acquisition date and headcount not disclosed. | ||||||
| 2013-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Not specified | Multiple segments — closure of four underperforming facilities | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program approved December 2011; activities substantially complete by end of 2012. Only 2013 residual activity captured ($0.7 million net of a $0.1 million asset-sale gain); employees affected not disclosed. | ||
| 2013-12-31 | restructuring | in_progress | Not specified | Multiple segments — other cost-reduction initiatives | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2013 severance and other restructuring costs from ongoing cost initiatives outside the 2011 plan; no individual initiative material and no headcount impact disclosed. | ||||
| 2013-12-31 | plant_closure | completed | 2011-12 | 2013-06-30 | United States | Industrial Materials — wire dishwasher racks | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Final location producing wire dishwasher racks closed in Q2 2013, discontinuing the line of business; operation reclassified to discontinued operations. Headcount not disclosed. | |||
| 2013-12-31 | plant_closure | completed | 2013-06-30 | United States | Industrial Materials — cotton-based erosion control products | USD 2 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operation closed in Q2 2013; $1.9 million charge to reflect fair value less costs to sell, including $1.5 million of fixed asset impairments. Headcount not disclosed. | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-06-30 | United States | Specialized Products — specialty trailers portion of the Commercial Vehicle Products unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Specialty trailers branch divested in Q2 2013; no significant gains or losses realized. Headcount removed not disclosed. | ||||
| 2013-12-31 | acquisition_addition | completed | 2013-05 | 2013-05-31 | United Kingdom | Industrial Materials — Aerospace Products (aerospace tube fabrication) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | UK-based aerospace tube fabrication business acquired in May 2013; headcount added not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-07 | 2013-09-30 | France | Industrial Materials — Aerospace Products (small-diameter high-pressure seamless tubing) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | French aerospace tubing manufacturer acquired in Q3 2013 for $14.5 million cash, below fair value of net identifiable assets; an $8.8 million non-taxable bargain purchase gain was recorded. Headcount added not disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-12-31 | Not specified | Residential Furnishings (geotextile products) and Specialized Products (innerspring unit wire-forming machines) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two remaining 2013 acquisitions (four total in 2013; aggregate net cash consideration of $27.9 million for the year). Acquisition dates and headcount added not disclosed. | ||||
| 2013-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Global | Multiple Segments | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2011 Restructuring Plan substantially complete by end of 2012. $1.6 million in restructuring costs incurred in 2013 related to this plan and other initiatives. No specific employee count disclosed for 2013 activity. | ||
| 2013-12-31 | plant_closure | completed | 2013-06 | 2013-06-30 | United States | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Closed final location producing wire dishwasher racks in Q2 2013. $1.5 million fixed asset impairment recorded. No specific employee count disclosed. | ||
| 2013-12-31 | plant_closure | completed | 2013-06 | 2013-06-30 | United States | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Closed cotton-based erosion control products operation in Q2 2013. $1.9 million charge recorded. No specific employee count disclosed. | ||
| 2013-12-31 | acquisition_addition | completed | 2013-05 | 2013-05-31 | United Kingdom | Industrial Materials | business_combinations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired UK-based aerospace tube fabrication business in May 2013. No specific employee count disclosed. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-07 | 2013-07-31 | France | Industrial Materials | business_combinations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired French-based company adding small-diameter seamless tubing in July 2013. No specific employee count disclosed. | |||
| 2013-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Global | Multiple segments | USD 37 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2011 Restructuring Plan approved in Dec 2011 to reduce overhead costs and improve profitability, primarily entailing closure of four underperforming facilities. Activities substantially complete by end of 2012. Pre-tax charge of $37 million incurred in 2011. | ||
| 2013-12-31 | plant_closure | completed | 2013-06 | 2013-06-30 | Global | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closed final location producing wire dishwasher racks in Q2 2013. $1.5 million fixed asset impairments recorded. | ||
| 2013-12-31 | plant_closure | completed | 2013-06 | 2013-06-30 | Global | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Closed cotton-based erosion control products operation in Q2 2013. Charges of $1.9 million recorded. | ||
| 2013-12-31 | divestiture_reduction | completed | 2013-06 | 2013-06-30 | Global | Specialized Products | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Divested specialty trailers portion of Commercial Vehicle Products unit in Q2 2013. No significant gains or losses realized. | |||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Segment, Discontinued Operations [Member] | USD -200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Industrial Materials [Member] / Segment, Continuing Operations [Member] | USD -100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Segment, Continuing Operations [Member] | USD 1,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Commercial Fixturing Components [Member] / Segment, Continuing Operations [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Specialized Products [Member] / Segment, Continuing Operations [Member] | USD 300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Initiatives [Member] / Residential Furnishings [Member] / Segment, Continuing Operations [Member] | USD 900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | USD 1,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2013-12-31 | restructuring | in_progress | Segment, Continuing Operations [Member] | USD 1,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Segment, Discontinued Operations [Member] | USD -300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Segment, Continuing Operations [Member] | USD 2,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Industrial Materials [Member] / Segment, Continuing Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Segment, Continuing Operations [Member] | USD 800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] | USD 700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Commercial Fixturing Components [Member] / Segment, Continuing Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Wire Dishwasher Racks [Member] / Segment, Discontinued Operations [Member] | USD -100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Residential Furnishings [Member] / Segment, Continuing Operations [Member] | USD 800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Segment, Discontinued Operations [Member] | USD 200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Segment, Continuing Operations [Member] | USD 1,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | plant_closure | completed | 2013-06-30 | Industrial Materials | other f5-10q / GLM-5.3-flash-fp4-HTML | Closed final location producing fabricated wire components for large home appliances, part of restructuring plan begun Q4 2011; no employee count disclosed | |||||
| 2013-09-30 | divestiture_reduction | completed | 2013-06-30 | Specialized Products — Commercial Vehicle Products Unit (specialty trailers) | other f5-10q / GLM-5.3-flash-fp4-HTML | Divested specialty trailers portion of Commercial Vehicle Products Unit; no significant gains or losses realized; no employee count disclosed | |||||
| 2013-09-30 | divestiture_reduction | in_progress | Industrial Materials — cotton-based erosion control products | USD 2 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Placed for sale; Q2 2013 charges of $1.9 million for fair value less costs to sell, including $1.5 million fixed asset impairments; remaining net book value of held-for-sale assets $0.6 million; no employee count disclosed | |||||
| 2013-09-30 | acquisition_addition | completed | France | Industrial Materials — aerospace tubing | USD 14 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired France-based aerospace tubing manufacturer in Q3 2013 for $14.4 million cash; $8.7 million non-taxable bargain purchase gain; no headcount added disclosed | ||||
| 2013-09-30 | acquisition_addition | completed | France; United Kingdom; not specified | Industrial Materials (2); Specialized Products (1) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three 2013 acquisitions (two aerospace tubing businesses, one innerspring unit wire-forming machine business); net cash consideration $26.5M including an $8.7M bargain purchase gain on the France tubing acquisition. No headcount added disclosed. Exact announcement dates not given. | |||||
| 2013-09-30 | plant_closure | completed | United States | Industrial Materials — fabricated wire components for large home appliances | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Occurred in Q2 2013 (exact date not disclosed); part of a restructuring plan begun in Q4 2011. Line of business discontinued; no employee count or severance disclosed. Related tax benefits recorded in Q2 2013. | |||||
| 2013-09-30 | divestiture_reduction | completed | not specified | Specialized Products — specialty trailers portion of the Commercial Vehicle Products Unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Occurred in Q2 2013 (exact date not disclosed). Filer states no significant gains or losses were realized; no headcount disclosed. | |||||
| 2013-09-30 | divestiture_reduction | in_progress | not specified | Industrial Materials — cotton-based erosion control products operation | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Occurred in Q2 2013 (exact date not disclosed). $1.9 charge recorded for fair value less costs to sell, including $1.5 of fixed asset impairments; remaining net book value of held-for-sale assets $0.6. Charge is asset-related, not severance. No headcount disclosed. | ||||
| 2013-09-30 | plant_closure | completed | Industrial Materials | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closed final location producing fabricated wire components for large home appliances. Part of restructuring plan begun in Q4 2011. No specific headcount disclosed. | ||||||
| 2013-09-30 | divestiture_reduction | completed | Specialized Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divested specialty trailers portion of Commercial Vehicle Products Unit. No significant gains/losses. No specific headcount disclosed. | ||||||
| 2013-09-30 | plant_closure | completed | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Placed cotton-based erosion control products operation for sale. Recorded $1.5M fixed asset impairments. No specific headcount disclosed. | |||||
| 2013-06-30 | plant_closure | completed | 2013-06-30 | Industrial Materials | other f5-10q / GLM-5.3-flash-fp4-HTML | Closed final location producing fabricated wire components for large home appliances, discontinuing that line; part of restructuring plan begun Q4 2011 | |||||
| 2013-06-30 | divestiture_reduction | completed | 2013-06-30 | Specialized Products — Commercial Vehicle Products Unit | other f5-10q / GLM-5.3-flash-fp4-HTML | Divested specialty trailers portion of the Commercial Vehicle Products Unit; no significant gains or losses realized | |||||
| 2013-06-30 | divestiture_reduction | in_progress | Industrial Materials | USD 2 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Cotton-based erosion control products operation placed for sale; charges reflect fair value less costs to sell, including $1.5 fixed asset impairments; remaining held-for-sale net book value $0.8 | |||||
| 2013-06-30 | acquisition_addition | completed | 2013-05-31 | United Kingdom | Industrial Materials — Aerospace | USD 10 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired small U.K.-based aerospace tube fabrication business in May 2013; headcount added not disclosed | |||
| 2013-06-30 | plant_closure | completed | 2013-06-30 | 2013-06-30 | United States | Industrial Materials | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closed the final location producing fabricated wire components for large home appliances, ending that line of business; part of a restructuring plan begun in Q4 2011. No employee count or severance charge disclosed. | |||
| 2013-06-30 | divestiture_reduction | completed | 2013-06-30 | 2013-06-30 | Specialized Products — Commercial Vehicle Products Unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested the specialty trailers portion of the Commercial Vehicle Products Unit; no significant gains or losses realized. No headcount disclosed. | ||||
| 2013-06-30 | divestiture_reduction | announced | 2013-06-30 | Industrial Materials — cotton-based erosion control products | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operation placed for sale in Q2 2013; $1.9 charge recorded to reflect fair value less costs to sell, including $1.5 of fixed asset impairments. No headcount disclosed. | ||||
| 2013-06-30 | acquisition_addition | completed | 2013-06-30 | 2013-06-30 | United Kingdom | Industrial Materials — aerospace tubing | USD 10 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | One acquisition in the six months ended June 30, 2013: a small U.K.-based aerospace tube fabrication business (net cash consideration $10.1). No headcount added disclosed. | ||
| 2013-06-30 | plant_closure | completed | Industrial Materials | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Closed final location producing fabricated wire components for large home appliances. Part of restructuring plan begun in Q4 2011. Employee count not disclosed. | ||||||
| 2013-06-30 | divestiture_reduction | completed | Specialized Products | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Divested specialty trailers portion of Commercial Vehicle Products Unit. Employee count not disclosed. | ||||||
| 2013-06-30 | other | in_progress | Industrial Materials | USD 2 (millions) | discontinued_operations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Placed cotton-based erosion control products operation for sale. Recorded $1.9M charge for fair value less costs to sell. Employee count not disclosed. | |||||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Residential Furnishings | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Captures fiscal 2012 activity only of the multi-year plan announced December 2011; plan centered on closing four underperforming facilities, one of which was in this segment. Activities were substantially complete by end of 2012. | |||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Commercial Fixturing & Components | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Captures fiscal 2012 activity only of the plan announced December 2011; one of the plan's four facility closures was in this segment. Gross 2012 restructuring charges of $1.2 million were offset by a $0.3 million gain on asset sales, netting to the amount shown. | |||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Industrial Materials | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Captures fiscal 2012 activity only of the plan announced December 2011; two of the plan's four facility closures were in this segment. Note C also cites approximately $1.2 million of 2012 fixed-asset impairments related to this plan company-wide. | |||
| 2012-12-31 | restructuring | in_progress | All segments | USD 4 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Aggregate of various cost-reduction initiatives implemented over the three years through 2012; none was individually material to earnings. The 2012 net amount is after $1.5 million of gains on asset sales; gross 2012 severance and other restructuring costs were $5.0 million. No headcount affected is disclosed. | |||||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Residential Furnishings | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2012 activity within the multi-year plan approved December 2011; included closure of one segment facility. Restructuring charges of $0.5 in 2012 (total incurred $0.5 including asset sale gains); cumulative $1.0 to date. Employees affected not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Commercial Fixturing & Components | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2012 activity within the multi-year plan approved December 2011; included closure of one segment facility. Restructuring charges of $1.2 in 2012, partly offset by $0.3 gain on asset sales (total incurred $0.9); cumulative $2.1 to date. Employees affected not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Industrial Materials | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2012 activity within the multi-year plan approved December 2011; included closure of two segment facilities. Restructuring charges of $0.8 in 2012 (total incurred $0.8); cumulative $1.9 to date. Substantially complete by year-end 2012 with no significant further costs expected. Employees affected not disclosed. | |||
| 2012-12-31 | acquisition_addition | completed | 2012-01-12 | 2012-01-12 | United States (Kirkland, WA; Poway, CA) | Industrial Materials — Tubing Group (Aerospace Products) | USD 188 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Western Pneumatic Tube Holding, LLC acquired for a $188 million cash purchase price; amount is purchase consideration, not a workforce-related charge. Headcount added not disclosed. | ||
| 2012-12-31 | acquisition_addition | completed | 2012-12-31 | 2012-12-31 | Residential Furnishings (2 acquisitions); Industrial Materials (2 additional acquisitions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four additional smaller 2012 acquisitions (gel components; warehouse/distribution services; wire partitions; tube fabrication) beyond Western Pneumatic Tube; aggregate 2012 net cash consideration was $211.6 million. Headcount added not disclosed. | ||||
| 2012-12-31 | divestiture_reduction | completed | 2012-01 | 2012-01 | United Kingdom | Commercial Fixturing & Components — point-of-purchase display operation | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | U.K. point-of-purchase display operation divested in January 2012; segment sales decreased 5% largely as a result. Headcount removed not disclosed. | |||
| 2012-12-31 | restructuring | completed | 2011-12 | 2012-12-31 | Global | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Plan approved Dec 2011 to close four underperforming branches. Incurred $2M restructuring costs and $1M asset impairments in 2012. Activities substantially complete by end of 2012. | ||
| 2012-12-31 | restructuring | completed | Global | Various | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Various cost reduction initiatives implemented over the last three years. Total continuing operations charges of $3.5M in 2012. | ||||
| 2012-12-31 | restructuring | completed | 2011-12 | Global | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2011 Restructuring Plan adopted in Dec 2011 involving closure of four underperforming facilities. $2.5M in restructuring charges incurred in 2012. Total amount incurred to date $5.0M. Employee count not explicitly disclosed. | |||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Commercial Fixturing Components [Member] | USD 1,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] | USD 2,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Residential Furnishings [Member] | USD 500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Two Thousand And Elevan Restructuring Plan [Member] / Industrial Materials [Member] | USD 800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Industrial Materials [Member] / Segment, Continuing Operations [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Commercial Fixturing Components [Member] / Segment, Continuing Operations [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Segment, Continuing Operations [Member] | USD 3,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Residential Furnishings [Member] / Segment, Continuing Operations [Member] | USD 1,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Specialized Products [Member] / Segment, Continuing Operations [Member] | USD 600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Segment, Continuing Operations [Member] | USD 5,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Segment, Continuing Operations [Member] | USD 3,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Segment, Discontinued Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Initiatives [Member] | USD 3,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Severance And Other Restructuring Costs [Member] / Segment, Discontinued Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Segment, Discontinued Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Other Initiatives [Member] / Segment, Continuing Operations [Member] | USD 5,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | USD 5,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2012-12-31 | restructuring | in_progress | Cost Of Goods Sold [Member] / Other Initiatives [Member] / Segment, Continuing Operations [Member] | USD 5,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Initiatives [Member] / Segment, Discontinued Operations [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Other Initiatives [Member] / Segment, Continuing Operations [Member] | USD 7,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | plant_closure | in_progress | 2011-12-01 | 2012-12-31 | USD 37 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2011 Restructuring Plan adopted December 2011 to close four underperforming manufacturing facilities. $37 million pre-tax (largely non-cash) charge taken in Q4 2011, including $31 million long-lived asset impairments and $6 million other restructuring costs. During the first nine months of 2012 an additional ~$2.2 million restructuring costs and ~$0.9 million asset impairments were incurred. Plant closures expected complete by end of 2012 with no additional material costs. No employee headcount affected was disclosed. | ||||
| 2012-09-30 | plant_closure | in_progress | 2011-12 | 2012-12-31 | Not specified | Not specified | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan involves closure of four underperforming manufacturing facilities; no employee counts disclosed. Original $37 pre-tax charge (incl. $31 asset impairments) taken in Q4 2011. Nine-month 2012 costs: $2.2 restructuring plus $0.9 long-lived asset impairments. Filer expects plant closures complete by year-end 2012 with no additional material costs. | ||
| 2012-09-30 | restructuring | in_progress | 2011-12-01 | 2012-12-31 | Global | Manufacturing | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2011 Restructuring Plan involving closure of four underperforming facilities. $2.2M in restructuring costs and $0.9M in asset impairments incurred in first nine months of 2012. Plant closures expected to be complete by end of year. | ||
| 2012-09-30 | acquisition_addition | completed | 2012-01-01 | 2012-01-01 | Global | Industrial Materials | USD 188 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Western Pneumatic Tube for $188 million in January 2012. Headcount not disclosed. | ||
| 2012-09-30 | restructuring | in_progress | Other Income Expense Net [Member] / Gain Loss From Sale Of Assets [Member] | USD -1,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | USD 3,900,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-09-30 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] | USD 1,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Restructuring Plan Two Thousand Twelve [Member] | USD 2,200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | 2011-12-01 | 2012-12-31 | USD 37 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2011 Restructuring Plan adopted December 2011; closure of four underperforming manufacturing facilities. Q4 2011 pre-tax charge of $37 million (largely non-cash), including $31 million long-lived asset impairments and $6 million other restructuring costs. First six months of 2012 added approximately $2 million restructuring costs and $1 million impairments; full-year 2012 costs expected around $3 million. Plant closures expected complete by end of 2012. Employee headcount affected not disclosed. | ||||
| 2012-06-30 | restructuring | in_progress | 2011-12 | 2012-12-31 | Not specified | Multiple — four underperforming manufacturing facilities | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2011 Restructuring Plan: closure of four underperforming plants. Original $37 pre-tax charge (largely non-cash) taken in Q4 2011, including $31 of long-lived asset impairments. First six months of 2012: ~$1.5 restructuring costs plus ~$1 of long-lived asset impairments. Filer expects total 2012 restructuring and impairment costs for this plan to approximate $3, with plant closures complete by year-end. No employee headcount affected is disclosed. | ||
| 2012-06-30 | acquisition_addition | completed | 2012-01-12 | United States | Industrial Materials — Aerospace Products business unit (Tubing Group) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% of Western Pneumatic Tube Holding, LLC for $188 cash, financed with commercial paper. Headcount added through the acquisition is not disclosed. | ||||
| 2012-06-30 | divestiture_reduction | completed | 2012-01 | United Kingdom | Commercial Fixturing & Components — point-of-purchase business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | UK-based point-of-purchase operation divested in January 2012; segment attributes part of its sales decline to the divestiture. Headcount removed is not disclosed. | ||||
| 2012-06-30 | restructuring | in_progress | 2011-12-01 | 2012-12-31 | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2011 Restructuring Plan involving closure of four underperforming facilities. YTD 2012 costs include $2.7M in severance/other restructuring costs and $1.0M in asset impairments. Plant closures expected complete by year-end. | ||||
| 2012-06-30 | acquisition_addition | completed | 2012-01-12 | 2012-01-12 | Industrial Materials | USD 188 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Western Pneumatic Tube Holding, LLC. Headcount not explicitly disclosed. | |||
| 2012-06-30 | restructuring | in_progress | USD 2,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-06-30 | restructuring | in_progress | Restructuring Plan Two Thousand Twelve [Member] | USD 1,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] | USD 4,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | Other Income Expense Net [Member] / Gain Loss From Sale Of Assets [Member] | USD -1,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | plant_closure | in_progress | 2011-12 | 2012-06-30 | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2011 Restructuring Plan adopted December 2011 covering closure of four underperforming manufacturing facilities; approximately $1.0 million of restructuring-related costs incurred in Q1 2012; exit activities expected substantially complete by end of Q2 2012. No employee count disclosed. | ||||
| 2012-03-31 | acquisition_addition | completed | 2012-01-12 | 2012-01-12 | Industrial Materials — Aerospace Products business unit (Tubing Group) | USD 188 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquired 100% of Western Pneumatic Tube Holding, LLC on January 12, 2012 for $188 million cash; no headcount figures disclosed. | |||
| 2012-03-31 | plant_closure | in_progress | 2011-12-31 | 2012-06-30 | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2011 Restructuring Plan (adopted December 2011) entails closure of four underperforming manufacturing facilities; about $1.0 of restructuring-related costs incurred in Q1 2012, with roughly $2 expected for full-year 2012. No employee count disclosed. Original program charge of $37 pre-tax was taken in Q4 2011. | ||||
| 2012-03-31 | acquisition_addition | completed | 2012-01-12 | Industrial Materials — Aerospace Products / Tubing Group | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Western Pneumatic Tube Holding, LLC for $188 cash; headcount added not disclosed. | |||||
| 2012-03-31 | divestiture_reduction | completed | 2012-01-31 | United Kingdom | Commercial Fixturing & Components — point of purchase business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of UK-based point of purchase business in January 2012 generated a $2 gain; headcount removed not disclosed. Announcement date approximate (month only). | ||||
| 2012-03-31 | restructuring | in_progress | 2011-12-01 | 2012-06-30 | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2011 Restructuring Plan adopted in Dec 2011 included closure of four underperforming facilities. $1.0M costs incurred in Q1 2012. Exit activities expected substantially complete by end of Q2 2012. Employee count not disclosed. | ||||
| 2012-03-31 | acquisition_addition | completed | 2012-01-12 | 2012-01-12 | Industrial Materials | USD 188 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired 100% of Western Pneumatic Tube Holding, LLC on Jan 12, 2012 for $188M cash. Forms new Aerospace Products business unit. Headcount added not disclosed. | |||
| 2012-03-31 | restructuring | in_progress | USD -300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-03-31 | restructuring | in_progress | Restructuring Plan Two Thousand Eleven [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | Other Income Expense Net [Member] / Gain Loss From Sale Of Assets [Member] | USD -1,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] | USD 1,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | 2011-12 | 2012-06-30 | Primarily United States; Residential Furnishings consolidation included a Canadian spring facility | Residential Furnishings (1 branch closed), Commercial Fixturing & Components (1 branch), Industrial Materials (2 branches) | USD 37 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan approved December 2011 to close four underperforming facilities and reduce overhead costs. Q4 2011 pre-tax charge of ~$37M per MD&A included ~$31M long-lived asset impairments and ~$6M other restructuring-related costs; Note D shows $2.8M of plan charges incurred in 2011, including $0.9M of employee termination (severance) costs accrued at year-end. Affected employee headcount not disclosed; an additional ~$2M of restructuring costs expected in 2012; exit activities expected substantially complete by end of Q2 2012. | ||
| 2011-12-31 | acquisition_addition | completed | 2011-12-20 | 2012-01-12 | United States (facilities in Kirkland, WA and near San Diego, CA) | Industrial Materials — new Aerospace Products business unit within the Tubing Group | USD 188 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Acquisition of Western Pneumatic Tube Holding, LLC completed January 12, 2012 for a $188M cash purchase price funded via commercial paper; Western had 2011 sales of $57M. Acquired employee headcount not disclosed. | ||
| 2011-12-31 | divestiture_reduction | completed | 2012-01 | United Kingdom | Commercial Fixturing & Components — point-of-purchase display operation | MD&A f5-10k / GLM-5.3-flash-HTML | Divestiture of a small U.K.-based point-of-purchase display operation completed in January 2012, after fiscal year-end; described as consistent with the portfolio-exit strategy for non-core businesses. Employee headcount affected not disclosed. | ||||
| 2011-12-31 | restructuring | in_progress | 2011-12 | 2012-06-30 | United States, Canada | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials | USD 37 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approved December 2011; closure of four underperforming facilities (one Residential Furnishings, one Commercial Fixturing & Components, two Industrial Materials). MD&A cites a $37 million pre-tax charge comprising $31 million of long-lived asset impairments and $6 million of other restructuring-related costs; the footnote's 2011 Plan table shows $1.2 million of restructuring charges plus $1.6 million of inventory obsolescence incurred in 2011. An additional $2 million of restructuring costs expected in 2012; closures complete by mid-year. Employees affected not disclosed. | ||
| 2011-12-31 | restructuring | in_progress | 2011-12-31 | United States and international | All segments (various cost reduction initiatives) | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Full-year 2011 charges for cost reduction initiatives excluding the 2011 Restructuring Plan (severance and other restructuring $5.3M, gain on asset sales $(0.1)M, inventory obsolescence and other $1.9M). No individual action was material and employee counts are not disclosed. Announcement date not specified; shown as fiscal year-end. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-12-20 | 2012-01-12 | United States (Washington and California) | Industrial Materials — Aerospace Products (Tubing Group) | USD 188 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Western Pneumatic Tube Holding, LLC completed January 12, 2012 (after fiscal year-end), cash purchase price financed with commercial paper; Western had 2011 sales of $57 million. Headcount added not disclosed. | ||
| 2011-12-31 | divestiture_reduction | completed | 2012-01 | 2012-01 | United Kingdom | Commercial Fixturing & Components — point-of-purchase display operation | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Small U.K.-based point-of-purchase display operation divested in January 2012, after fiscal year-end, consistent with the portfolio review (Divest) role. Headcount removed not disclosed; no significant gain or loss indicated. | |||
| 2011-12-31 | restructuring | completed | 2011-12 | 2012-06-30 | Global | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials | USD 37 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | December 2011 plan to close four underperforming facilities. $37 million pre-tax charge incurred in Q4 2011. Closures expected complete by mid-2012. | ||
| 2011-12-31 | restructuring | in_progress | 2011-12-01 | 2012-06-30 | Global | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials | USD 37 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Approved in December 2011. Includes closure of four underperforming branches. $37 million pre-tax charge incurred in Q4 2011 ($31 million asset impairments, $6 million other costs). Additional $2 million expected in 2012. Employee count not explicitly disclosed. | ||
| 2011-12-31 | restructuring | in_progress | USD 9,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] | USD 7,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Two Thousand And Leaven Restructuring Plan [Member] | USD 1,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Cost Of Goods Sold [Member] / Segment Continuing Operations [Member] | USD 9,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Segment Continuing Operations [Member] | USD 6,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] / Segment Continuing Operations [Member] | USD 7,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Two Thousand And Leaven Restructuring Plan [Member] / Industrial Materials [Member] | USD 700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Two Thousand And Leaven Restructuring Plan [Member] / Residential Furnishings [Member] | USD 500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Cost Of Goods Sold [Member] / Inventory Obsolescence And Other [Member] / Segment Continuing Operations [Member] | USD 3,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Cost Of Goods Sold [Member] / Other Initiatives [Member] / Segment Continuing Operations [Member] | USD 7,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Gain Loss From Sale Of Assets [Member] / Segment Continuing Operations [Member] | USD -100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Other Initiatives [Member] / Segment Continuing Operations [Member] | USD 5,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Severance And Other Restructuring Costs [Member] / Segment Continuing Operations [Member] | USD 6,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] / Commercial Fixturing Components [Member] / Segment Continuing Operations [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] / Industrial Materials [Member] / Segment Continuing Operations [Member] | USD 1,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] / Residential Furnishings [Member] / Segment Continuing Operations [Member] | USD 2,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Initiatives [Member] / Specialized Products [Member] / Segment Continuing Operations [Member] | USD 100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Cost Of Goods Sold [Member] / Other Initiatives [Member] / Inventory Obsolescence And Other [Member] / Segment Continuing Operations [Member] | USD 1,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Other Initiatives [Member] / Gain Loss From Sale Of Assets [Member] / Segment Continuing Operations [Member] | USD -100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2011-12-31 | restructuring | in_progress | Other Income Expense Net [Member] / Other Initiatives [Member] / Severance And Other Restructuring Costs [Member] / Segment Continuing Operations [Member] | USD 5,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2010-12-31 | restructuring | completed | 2007-11 | Multi-segment, United States and international | Multiple segments; 2010 residual charges concentrated in Commercial Fixturing & Components | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Residual fiscal-2010 charges ($0.5 million cash portion) under the strategic realignment plan adopted November 2007; exit activities substantially complete by end of 2008 and final divestiture closed in Q3 2010; cumulative program charges $33.1 million; no employee counts disclosed. | |||
| 2010-12-31 | restructuring | completed | Multi-segment, primarily United States | All four segments (2010 continuing-ops charges: Residential Furnishings $1.2M, Commercial Fixturing & Components $5.4M, Industrial Materials $(1.5)M, Specialized Products $(0.1)M) | USD 5 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Fiscal-2010 charges from ongoing cost-reduction initiatives that included workforce reductions and closure or consolidation of certain operations; severance and other restructuring costs of $6.6 million pre-tax partially offset by asset-sale gains; year-end restructuring accrual $2.2 million; no employee count disclosed. | ||||
| 2010-12-31 | restructuring | in_progress | United States and international | Continuing operations (multiple segments) | USD 7 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2010 severance and other restructuring costs charged to other (income) expense, net; employees affected not disclosed. Detail table shows employee termination costs of $0 in continuing operations for 2010, with the balance primarily other exit costs | ||||
| 2010-12-31 | restructuring | completed | 2007-11-01 | 2008-12-31 | United States and international | Multiple segments (2007 Strategic Plan) | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Residual 2010 activity only ($0.5 restructuring charges plus $0.5 loss on sale of assets); program exit activities were substantially complete by end of 2008, so no prior-year activity extracted | ||
| 2010-12-31 | divestiture_reduction | completed | 2010-09-30 | Not disclosed | Commercial Fixturing & Components — Storage Products unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Storage Products divested in Q3 2010 with no significant gains or losses; unit had 2010 revenue of approximately $37 million; headcount removed not disclosed | ||||
| 2010-12-31 | acquisition_addition | completed | 2010-12-31 | Not disclosed | Specialized Products — sewing machines | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | One acquisition completed in 2010; net cash consideration $4.9 million including $4.6 million of additional consideration for prior-year acquisitions; headcount added not disclosed | ||||
| 2010-12-31 | acquisition_addition | completed | 2010-12-31 | Not disclosed | Specialized Products — automotive business | USD 9 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased remaining ownership to reach 100% of a previously non-wholly-owned automotive business for $8.6 million ($7.6 million net cash); headcount added not disclosed | |||
| 2010-12-31 | restructuring | completed | 2007-11 | 2010-12-31 | Global | Multiple segments | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2007 Strategic Plan exit activities substantially complete by end of 2008. Total charges incurred in 2010 were $0.5 million (including $0.3 million continuing operations, $0.2 million discontinued operations). Employee termination costs were $0 for continuing operations and $0 for discontinued operations in 2010. | ||
| 2010-12-31 | restructuring | completed | 2010 | 2010-12-31 | Global | Multiple segments | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Other Initiatives cost reduction programs. Total charges incurred in 2010 were $5.0 million (including $4.4 million continuing operations, $0.6 million discontinued operations). Employee termination costs were $6.6 million in continuing operations and $0 in discontinued operations. | ||
| 2010-12-31 | restructuring | completed | 2007-11 | 2008-12-31 | Global | Multiple Segments | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan. Activities substantially complete by end of 2008. $1.0 million total charges incurred in 2010 ($0.5M continuing, $0.5M discontinued). Employee count affected in 2010 not disclosed. | ||
| 2010-12-31 | restructuring | completed | Global | Multiple Segments | USD 5 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Other Initiatives. Various cost reduction initiatives. $5.0 million total charges incurred in 2010 ($4.4M continuing, $0.6M discontinued). Employee count affected not disclosed. | ||||
| 2010-09-30 | divestiture_reduction | completed | 2010-09-30 | Commercial Fixturing & Components — Storage Products unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Storage Products unit completed in Q3 2010; seventh and last of the 2007 strategic realignment divestitures. No employee count or severance disclosed; no significant gains or losses realized. | |||||
| 2010-09-30 | restructuring | completed | Enterprise-wide (2007 portfolio review) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Exit activities from the 2007 portfolio review were substantially complete by end of 2008; no material restructuring plans initiated in 2009 or 2010. Net impairment/restructuring charges for continuing operations were $1.3M in Q3 2010 and $3.6M for the nine months; no employee counts disclosed. | ||||||
| 2010-06-30 | divestiture_reduction | in_progress | 2010-09-30 | Commercial Fixturing & Components — Storage Products unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Storage Products unit held for sale at quarter-end; company actively marketing it and expects to complete the disposition by end of Q3 2010. No employee count disclosed; pre-tax impairment charge of $0.9 million recorded in Q1 2010 on the unit. | |||||
| 2010-03-31 | divestiture_reduction | in_progress | 2010-06-30 | United States | Commercial Fixturing & Components — Storage Products unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Storage Products unit held for sale at quarter-end; disposition expected by end of Q2 or early Q3 2010 (expected_completion_date reflects end of Q2). No employee count or associated charge disclosed; net assets held for sale of $40.5M total across all held-for-sale items, of which $20.2M relates to Commercial Fixturing & Components. | ||||
| 2009-12-31 | restructuring | in_progress | 2007-11 | Commercial Fixturing & Components (continuing operations) | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2009 charges under the November 2007 strategic plan comprised $0.2M employee termination costs and $0.8M other restructuring costs; exit activities substantially complete by end of 2008, with $32.1M incurred to date across continuing and discontinued operations and a $0.3M accrued liability remaining at year end. | ||||
| 2009-12-31 | restructuring | in_progress | USD 8 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2009 severance and other restructuring costs under ongoing cost-reduction initiatives (workforce reductions and facility closures/consolidations); total other-initiative charges were $8.5M in 2009 including $0.5M inventory obsolescence; total company restructuring and other special charges were $10.0M. Employee counts not disclosed. | ||||||
| 2009-12-31 | divestiture_reduction | completed | 2008 | 2009 | Residential Furnishings | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Coated Fabrics unit (non-slip rug underlay and shelf liners) met held-for-sale criteria in Q1 2008 and was divested in Q3 2009 with no significant gain or loss; unit employee count not disclosed; 2009 revenue approximately $12 million. | ||||
| 2009-12-31 | divestiture_reduction | announced | 2007-11 | 2010 | Commercial Fixturing & Components | USD 3 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Storage Products unit (storage racks and carts for food service and healthcare), the seventh business targeted under the 2007 strategic plan, remains held for sale; timing delayed by market conditions with divestiture expected in 2010. Includes a $3.0M Q4 2009 goodwill impairment (discontinued operations) because carrying value of assets held for sale exceeded fair value less costs to sell. Approximately 300 employees remained associated with discontinued operations at year end (not limited to this unit). | |||
| 2009-12-31 | restructuring | in_progress | United States and international | Multiple segments (continuing and discontinued operations) | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2009 restructuring and other special charges of $10.0 total (severance and other restructuring costs of $8.7 in continuing operations plus $0.5 in discontinued operations, offset by other items). No employee-affected count disclosed; 2007 Strategic Plan exit activities were substantially complete by end of 2008, with residual activity in 2009. | ||||
| 2009-12-31 | divestiture_reduction | completed | Not disclosed | Residential Furnishings — Coated Fabrics unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Coated Fabrics unit divested in the third quarter of 2009 with no significant gains or losses; 2009 external sales of approximately $12.4. Headcount removed through the sale not disclosed. | |||||
| 2009-12-31 | divestiture_reduction | in_progress | Not disclosed | Commercial Fixturing & Components — Storage Products unit | USD 3 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Storage Products held for sale at 2009 year-end and targeted for divestiture; timing delayed by market conditions. A $3.0 goodwill impairment was recorded in Q4 2009. Headcount not disclosed. | ||||
| 2009-12-31 | restructuring | completed | 2007-11 | 2008-12-31 | Global | Multiple Segments | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2007 Strategic Plan exit activities substantially complete by end of 2008. $1.1M in restructuring charges incurred in 2009 related to this plan. | ||
| 2009-12-31 | restructuring | completed | Global | Multiple Segments | USD 9 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Other cost reduction initiatives implemented over last three years. $8.5M in total restructuring and special charges in 2009. | ||||
| 2009-12-31 | divestiture_reduction | completed | 2009-09-30 | Global | Residential Furnishings | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Coated Fabrics business unit in Q3 2009. | ||||
| 2009-12-31 | restructuring | completed | 2007-11-01 | 2008-12-31 | Global | Multiple Segments | USD 1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan exit activities substantially complete by end of 2008. $1.1M incurred in 2009 for continuing operations. | ||
| 2009-12-31 | restructuring | completed | 2007-11-01 | 2008-12-31 | Global | Discontinued Operations | USD 0 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan exit activities substantially complete by end of 2008. $0.1M incurred in 2009 for discontinued operations. | ||
| 2009-12-31 | restructuring | completed | 2009-12-31 | 2009-12-31 | Global | Multiple Segments | USD 9 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Other cost reduction initiatives implemented over the last three years. $8.5M total charges in 2009. | ||
| 2009-12-31 | divestiture_reduction | completed | 2009-09-30 | 2009-09-30 | Global | Residential Furnishings | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divested Coated Fabrics business unit in Q3 2009. | |||
| 2009-09-30 | restructuring | in_progress | Continuing operations | USD 9 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2009 continuing operations restructuring costs of $8.8 million (severance $7.3, asset impairments $0.9, asset sale loss $0.4, inventory obsolescence $0.2); no employee counts disclosed. Includes $0.9 million related to the 2007 Strategic Plan. | |||||
| 2009-09-30 | restructuring | in_progress | Discontinued operations | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Nine-month 2009 discontinued operations restructuring costs of $0.9 million (severance $0.1, asset impairments $0.3, loss from asset sales $0.5); no employee counts disclosed. | |||||
| 2009-09-30 | divestiture_reduction | completed | 2009-07-31 | 2009-07-31 | Residential Furnishings — Coated Fabrics unit | other f5-10q / GLM-5.3-flash-fp4-HTML | Coated Fabrics unit sold July 31, 2009; no significant gains or losses realized. Headcount removed not disclosed. | ||||
| 2009-09-30 | divestiture_reduction | in_progress | Storage Products unit | other f5-10q / GLM-5.3-flash-fp4-HTML | Storage Products is the one remaining business held for sale under the 2007 Strategic Plan; market conditions have delayed timing but company remains committed to selling. Net assets held for sale $56.7 million at September 30, 2009. | ||||||
| 2009-09-30 | restructuring | in_progress | Global | Company-wide (continuing operations) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash restructuring charges for the nine months ended 2009-09-30; no employee counts disclosed. Severance and other restructuring costs were $7.3M; the 2007 Strategic Plan portion was $1.4M and described as substantially complete by end of 2008. Restructuring accrual balance was $3.5M at quarter-end. | ||||
| 2009-09-30 | divestiture_reduction | completed | 2009-07-31 | 2009-07-31 | United States | Residential Furnishings — Coated Fabrics unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Coated Fabrics unit sold on 2009-07-31 with no significant gains or losses; associated headcount not disclosed. | |||
| 2009-09-30 | divestiture_reduction | announced | United States | Commercial Fixturing & Components — Storage Products unit | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining business held for sale; company states it is actively marketing the unit but market conditions have delayed disposition. Net assets held for sale of $56.7M at 2009-09-30; headcount not disclosed. | |||||
| 2009-09-30 | restructuring | in_progress | 2007-11-01 | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan exit activities substantially complete by end of 2008. $1M restructuring/impairment costs incurred in first nine months of 2009. | |||||
| 2009-06-30 | restructuring | in_progress | USD 5 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total restructuring and special charges of $5.4 million for the six months ended June 30, 2009 ($2.9 million in the quarter); no employee counts disclosed. Includes $1.1 million tied to the 2007 Strategic Plan, which was substantially complete by end of 2008. | ||||||
| 2009-06-30 | divestiture_reduction | completed | 2009-07-31 | 2009-07-31 | Residential Furnishings — Coated Fabrics unit | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Coated Fabrics business unit sold July 31, 2009 for $3.1 million cash plus a $0.7 million note; headcount transferred not disclosed. Storage Products unit remains targeted for divestiture. | ||||
| 2009-06-30 | restructuring | in_progress | Global | Continuing operations | USD 4 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other restructuring costs charged to other expense for the six months ended June 30, 2009; no employee counts disclosed. Termination benefits accrual was $0.6 at June 30, 2009 after $1.8 of 2009 charges and $3.5 of payments. Exit activities under the 2007 Strategic Plan were substantially complete by end of 2008. | ||||
| 2009-06-30 | divestiture_reduction | completed | 2009-07-31 | Global | Residential Furnishings (Coated Fabrics business unit) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Coated Fabrics unit sold July 31, 2009 (after quarter end) for $3.1 cash plus a $0.7 note; gain/loss not yet finalized. No headcount associated with the divestiture is disclosed. | ||||
| 2009-06-30 | restructuring | in_progress | USD 4 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash charges included in total restructuring and special charges for the six months ended June 30, 2009. Includes severance and other restructuring costs. | ||||||
| 2009-03-31 | restructuring | in_progress | USD 3 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total restructuring and other special charges of $2.5 million for Q1 2009, including $1.6 million severance and other restructuring costs in continuing operations and $0.3 million in discontinued operations; no employee counts disclosed. Includes $0.7 million related to the 2007 Strategic Plan, which was substantially complete by end of 2008. | ||||||
| 2009-03-31 | restructuring | in_progress | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Total restructuring-related costs for continuing operations in Q1 2009, including $1.6 severance and other restructuring costs, $0.4 long-lived asset impairments, and $0.2 loss from sale of assets. No employee counts disclosed. Accrued restructuring liability was $5.0 at March 31, 2009 ($1.7 of cash charges in the quarter). | ||||||
| 2009-03-31 | divestiture_reduction | announced | Coated Fabrics and Storage Products units | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two remaining businesses held for sale with completion expected in the near term; market conditions may delay timing. Net assets held for sale of $49.5 at March 31, 2009. No headcount associated with the pending divestitures is disclosed. | ||||||
| 2009-03-31 | plant_closure | in_progress | Various operations and prior-year restructurings | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Includes $19.4 of property, plant and equipment held for sale at March 31, 2009 primarily associated with closings of various operations and prior-year restructurings outside the 2007 Strategic Plan. No employee counts disclosed. | ||||||
| 2009-03-31 | restructuring | in_progress | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges associated with the 2007 Strategic Plan, which was substantially complete by end of 2008. Includes $0.4M continuing and $0.3M discontinued operations. | ||||||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-07 | Aluminum Products segment (discontinued operations) | USD -8 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Segment sold in July 2008 for $300.0 cash, a $25.0 subordinated note, and preferred stock; ~$485.0 of annualized revenue. Negative charge value denotes a pre-tax gain ($16.0 after tax). Aggregate after-tax cash proceeds for the five significant 2008 divestitures were $408.0. Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-09 | Residential Furnishings — Wood Products unit (discontinued operations) | USD 4 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the third quarter of 2008; unit sold wood frames and cut-to-size dimension lumber to bedding manufacturers ($4.4 pre-tax loss net of tax). Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-12 | Residential Furnishings — Fibers unit (discontinued operations) | USD 9 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the fourth quarter of 2008; unit sold fiber cushioning material to bedding and upholstered furniture manufacturers ($7.8 pre-tax loss net of tax). An $11.0 pre-tax goodwill impairment for this held-for-sale unit was recorded in Q3 2008. Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-09 | Commercial Fixturing & Components — Plastics unit (discontinued operations) | USD 9 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the third quarter of 2008; unit sold injection-molded plastic components for lawn-care equipment and power tool manufacturers ($6.7 pre-tax loss net of tax). Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-09 | Specialized Products — dealer portion of Commercial Vehicle Products (discontinued operations) | USD 0 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the third quarter of 2008. Negative charge value denotes a pre-tax gain ($0.3 after tax). A $5.6 pre-tax asset impairment was recorded during 2008 to reflect an updated estimate of fair value less cost to sell. Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-03 | Specialized Products — automotive seating components operation (discontinued operations) | USD 3 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the first quarter of 2008 ($1.7 pre-tax loss net of tax); results reported within earnings from discontinued operations. Per-business headcount not disclosed. | |||
| 2008-12-31 | divestiture_reduction | completed | 2007-11 | 2008-03 | Commercial Fixturing & Components — metal store fixture operation | USD -2 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold in the first quarter of 2008; classified as held for sale at December 31, 2007 but did not meet discontinued-operations criteria, so results remained in the Commercial Fixturing & Components segment with the gain in Other expense, net. Negative charge value denotes a pre-tax gain. Headcount not disclosed. | |||
| 2008-12-31 | restructuring | completed | 2007-11 | 2008-12-31 | Company-wide (continuing and discontinued operations) | USD 4 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Exit activities under the plan adopted November 2007 were substantially complete by end of 2008. 2008 restructuring charges of $4.1 ($3.1 continuing: $1.0 employee termination, $0.3 contract termination, $1.8 other; $1.0 discontinued: $0.6 employee termination, $0.4 plant closure/asset relocation). Total 2008 plan charges were $19.9 including $1.9 inventory obsolescence and $13.9 net loss on asset sales reflected in the divestiture records. Severance accrual: $4.1 charged, $6.4 paid, $0.5 balance at year-end. Cumulative plan costs through fiscal year-end $340 ($153 continuing, $187 discontinued); plan eliminated ~20% of revenue base via divestitures (~15%) and pruning/plant closures (~5%). Headcount affected not disclosed. | |||
| 2008-12-31 | restructuring | in_progress | Company-wide (continuing and discontinued operations) | USD 19 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Cost-reduction initiatives independent of the 2007 Strategic Plan, including workforce reductions and closure or consolidation of certain operations. 2008 total costs $18.9: severance and other restructuring costs of $14.8 (continuing) and $2.0 (discontinued), inventory obsolescence of $9.9, offset by $7.8 of gains on asset sales. Accrued restructuring liability: charges $16.8, payments $15.0, $7.0 balance at year-end (termination benefits $2.1, contract termination $3.1, other $1.8). MD&A notes further headcount, overhead and capital-spending reductions in response to the economic downturn. Headcount affected not disclosed. | |||||
| 2008-12-31 | restructuring | completed | 2007-11 | Commercial Fixturing & Components — Store Fixtures business unit | MD&A f5-10k / GLM-5.3-flash-HTML | Unit placed in Fix category in November 2007 with a 12-month deadline; in Q3 2008 the company concluded it should be narrowed to a metals-focused operation aligned with its core steel competency. Eliminated ~$100.0 of least-profitable revenue, consolidated four wood store fixtures operations into two facilities, changed senior management, reduced overhead and purged low-margin customer accounts; trade sales expected to fall from a ~$325.0 run-rate to $250-275.0 in 2009. No goodwill impairment resulted and no specific charge was attributed to this action; headcount affected not disclosed. | |||||
| 2008-12-31 | divestiture_reduction | in_progress | 2007-11 | Residential Furnishings — Coated Fabrics unit (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Unit sells non-slip rug underlay and shelf liners; held for sale with the company in discussions with potential buyers. Divestiture delayed by market conditions and remained a high priority for 2009. Discontinued operations held ~490 employees at year-end (130 in Residential Furnishings, Coated Fabrics' segment; 360 in Commercial Fixturing & Components). Unit-level headcount not separately disclosed. | |||||
| 2008-12-31 | divestiture_reduction | in_progress | 2007-11 | Commercial Fixturing & Components — Storage Products unit (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Unit sells storage racks and carts used in the food service and healthcare industries; held for sale with discussions ongoing with potential buyers. Divestiture delayed by market conditions and remained a high priority for 2009. Discontinued operations held ~490 employees at year-end (130 Residential Furnishings; 360 in Commercial Fixturing & Components, Storage Products' segment). Unit-level headcount not separately disclosed. | |||||
| 2008-12-31 | restructuring | in_progress | 2007-11 | Global | Company-wide (2007 Strategic Plan) | USD 20 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 charges under the 2007 Strategic Plan: $4.1 restructuring, $1.9 inventory obsolescence and other, $13.9 loss on sale of assets. Cumulative charges through 2008 total $30.6; exit activities described as substantially complete by year-end 2008. No employee count disclosed; cash charges were $4.1 in 2008. | |||
| 2008-12-31 | restructuring | in_progress | Global | Company-wide (cost reduction initiatives other than the 2007 Strategic Plan) | USD 19 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2008 charges for cost-reduction initiatives not associated with the 2007 Strategic Plan, including $14.8 severance and other restructuring costs and $9.9 inventory obsolescence in continuing operations, partly offset by asset sale gains. No employee count disclosed. | ||||
| 2008-12-31 | plant_closure | completed | 2008-09-30 | 2008-09-30 | United States | Commercial Fixturing & Components — Store Fixtures | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | In Q3 2008 the Store Fixtures unit was narrowed to a metal-focused business; four wood store fixtures operations were consolidated into two facilities. Announcement date reflects the quarter in which the decision was concluded; no employee count disclosed. The unit's annual trade sales were expected to fall from a late-2008 run-rate of about $325 million to $250-275 million in 2009. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-07-31 | 2008-07-31 | Aluminum Products segment | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Segment sold in July 2008 for $300 cash, a $25 subordinated note and contingent preferred stock; pre-tax gain of $7.6 ($16.0 after tax). Approximately $485 million of annualized revenue. Date reflects month disclosed; no employee count for this unit disclosed. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2008-09-30 | 2008-09-30 | Residential Furnishings — Wood Products unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed in the third quarter of 2008; pre-tax loss of $4.1 ($4.4 net of tax). Date reflects quarter disclosed. No employee count disclosed. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2008-09-30 | 2008-09-30 | Commercial Fixturing & Components — Plastics unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed in the third quarter of 2008; pre-tax loss of $9.4 ($6.7 net of tax). Date reflects quarter disclosed. No employee count disclosed. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2008-09-30 | 2008-09-30 | Specialized Products — dealer portion of Commercial Vehicle Products unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed in the third quarter of 2008; pre-tax gain of $0.4 ($0.3 after taxes). Date reflects quarter disclosed. No employee count disclosed. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2008-12-31 | 2008-12-31 | Residential Furnishings — Fibers unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed in the fourth quarter of 2008; pre-tax loss of $8.6 ($7.8 net of tax). Date reflects quarter disclosed. No employee count disclosed. | ||||
| 2008-12-31 | divestiture_reduction | completed | 2008-03-31 | 2008-03-31 | Specialized Products — one automotive seating components operation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed in the first quarter of 2008; pre-tax loss of $2.5 ($1.7 net of tax). Date reflects quarter disclosed. No employee count disclosed. | ||||
| 2008-12-31 | divestiture_reduction | announced | 2007-11 | Coated Fabrics unit (Residential Furnishings) and Storage Products unit (Commercial Fixturing & Components) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Two remaining business units targeted for divestiture under the 2007 Strategic Plan; in discussions with potential buyers with completion expected in the near term, though market conditions may affect timing. Net assets held for sale totaled $54 million at 2008-12-31 (including $22 million not associated with these two divestitures). | |||||
| 2008-12-31 | restructuring | in_progress | Global | Company-wide — response to late-2008 economic contraction | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Management states it reduced headcount, overhead costs and capital spending and was completing the closure of certain facilities after running well below normal utilization in Q4 2008; no employee count, announcement date or charge quantified for this action. | |||||
| 2008-12-31 | restructuring | completed | 2007-11-01 | 2008-12-31 | Global | Multiple Segments | USD 31 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2007 Strategic Plan activities substantially complete by end of 2008. Total costs associated with plan were $340 million. 2008 charges included $3.1 million restructuring costs and $1.9 million inventory obsolescence for continuing operations. | ||
| 2008-12-31 | divestiture_reduction | completed | 2008-07-01 | 2008-07-31 | Global | Aluminum Products | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Aluminum Products segment in July 2008. Headcount removed not explicitly quantified in employee section, but 490 discontinued operation employees remain at year-end. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-03-01 | 2008-03-31 | United States | Residential Furnishings | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Wood Products unit in Q3 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-10-01 | 2008-10-31 | United States | Residential Furnishings | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Fibers unit in Q4 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-07-01 | 2008-07-31 | United States | Commercial Fixturing & Components | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of Plastics unit in Q3 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-07-01 | 2008-07-31 | United States | Specialized Products | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of dealer portion of Commercial Vehicle Products in Q3 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-01-01 | 2008-01-31 | United States | Specialized Products | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of automotive seating components operation in Q1 2008. | |||
| 2008-12-31 | restructuring | completed | 2007-11 | 2008-12-31 | Global | Multiple Segments | USD 340 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan. Total costs incurred to date $340 million ($153 million continuing, $187 million discontinued). Activity substantially complete by end of 2008. Includes divestitures and plant closures. | ||
| 2008-12-31 | plant_closure | completed | 2008-09 | 2008-12-31 | United States | Commercial Fixturing & Components - Store Fixtures | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Consolidated four wood store fixtures operations into two facilities. Trimmed annual trade sales from $325 million to $250-$275 million. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008-07 | 2008-07 | Global | Aluminum Products | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold Aluminum Products segment in July 2008. Approximately $485 million in annualized revenue. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008 | 2008 | Global | Residential Furnishings - Wood Products and Fibers | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold Wood Products and Fibers business units in 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008 | 2008 | Global | Commercial Fixturing & Components - Plastics | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold Plastics business unit in 2008. | |||
| 2008-12-31 | divestiture_reduction | completed | 2008 | 2008 | Global | Specialized Products - Commercial Vehicle Products (Dealer) | Item 1_Business f5-10k / Qwen3.6-27B-Q8_0 | Sold dealer portion of Commercial Vehicle Products in 2008. | |||
| 2008-09-30 | divestiture_reduction | completed | 2008-07-31 | Aluminum Products segment | USD 8 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Segment sold in July 2008 for $300 cash plus subordinated note and preferred stock; pre-tax gain of $8.3 reported in discontinued operations. No employee count disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-09-30 | Residential Furnishings — Wood Products unit | USD 4 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Unit sold in late September 2008; pre-tax loss of $3.9 reported in discontinued operations. No employee count disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-09-30 | Commercial Fixturing & Components — Plastics unit | USD 9 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Unit sold in late September 2008; pre-tax loss of $9.3 reported in discontinued operations. No employee count disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-09-30 | Specialized Products — dealer portion of Commercial Vehicle Products unit | USD 1 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Dealer portion sold in late September 2008; pre-tax gain of $0.5 reported in discontinued operations. No employee count disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-03-31 | Specialized Products — automotive seating components operation | USD 2 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Operation sold in first quarter 2008; pre-tax loss of $2.4 reported in discontinued operations. No employee count disclosed. | ||||
| 2008-09-30 | restructuring | in_progress | 2007-01-01 | 2008-12-31 | Multiple segments (2007 Strategic Plan) | USD 329 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2007 Strategic Plan portfolio exit: divestitures, business pruning, plant closures. Total costs to date $328.6 million; approximately $10 million additional charges anticipated, plan substantially complete by end of 2008. No employee counts disclosed. | |||
| 2008-09-30 | plant_closure | announced | 2008-09-30 | Commercial Fixturing & Components — Store Fixtures business unit | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Four wood store fixtures operations to be consolidated into fewer facilities; unit refocused on metals fixtures with trade sales expected to decline from ~$325 million to $250-275 million annually. No employee counts disclosed. | |||||
| 2008-09-30 | divestiture_reduction | completed | 2008-07 | 2008-07 | Not disclosed | Aluminum Products segment | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Segment sold in Q3 2008 for $300 cash plus a $25 subordinated note and performance-contingent preferred stock; pre-tax gain of $8.3 ($17.0 after tax) reported in discontinued operations. No employee count disclosed. | |||
| 2008-09-30 | divestiture_reduction | completed | 2008-09 | 2008-09 | Not disclosed | Wood Products unit (Residential Furnishings segment) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed late September 2008; pre-tax loss of $3.9 ($3.7 net of tax) in discontinued operations. No employee count disclosed. | |||
| 2008-09-30 | divestiture_reduction | completed | 2008-09 | 2008-09 | Not disclosed | Plastics unit (Commercial Fixturing & Components segment) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed late September 2008; pre-tax loss of $9.3 ($6.5 net of tax) in discontinued operations. No employee count disclosed. | |||
| 2008-09-30 | divestiture_reduction | completed | 2008-09 | 2008-09 | Not disclosed | Dealer portion of Commercial Vehicle Products unit (Specialized Products segment) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed late September 2008; pre-tax gain of $0.5 ($0.6 after tax). A $5.6 pre-tax asset impairment was recorded in Q2 2008 for this business. No employee count disclosed. | |||
| 2008-09-30 | divestiture_reduction | in_progress | 2007 | 2008-12-31 | Not disclosed | Fibers, Coated Fabrics, and Storage Products units (held for sale) | USD 26 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three units targeted for divestiture; in discussions with buyers with completion expected near term. Pre-tax goodwill impairment of $25.6 recorded in Q3 2008 (Fibers $11.0, Coated Fabrics $4.1, Storage Products $10.5) because carrying value exceeded fair value amid credit-market deterioration. No employee counts disclosed. | ||
| 2008-09-30 | restructuring | in_progress | 2007 | 2008-12-31 | Global | Company-wide (2007 Strategic Plan) | USD 41 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2007 Strategic Plan: $41.2 of charges incurred in the nine months ended 2008-09-30 ($47.3 total restructuring and special charges including unrelated initiatives); $328.6 incurred to date, with approximately $10 of additional charges anticipated and substantial completion expected by end of 2008. MD&A also anticipates $15-$20 of net restructuring-related expense in Q4 2008. Severance accrual roll-forward shows $7.0 of 2008 charges and $12.5 of payments, leaving $2.5 accrued at 2008-09-30. No employee counts disclosed. | ||
| 2008-09-30 | restructuring | announced | 2008-09 | 2008-12-31 | United States | Store Fixtures business unit (Commercial Fixturing & Components segment) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In Q3 2008 the company concluded Store Fixtures cannot meet return requirements in its current form; plans to narrow scope to metal fixtures, consolidate four wood fixtures operations into fewer facilities, change senior management, reduce overhead, and purge low-margin accounts. Annual trade sales to be trimmed from about $325 million to $250-$275 million. No employee count disclosed. | |||
| 2008-09-30 | restructuring | in_progress | 2007-12-31 | 2008-12-31 | Global | Multiple segments (Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products) | USD 47 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2007 Strategic Plan. Nine months ended Sept 30, 2008 charges include $4.3M severance, $0.8M asset impairments, $3.1M inventory obsolescence. Total plan costs to date $328.6M. Anticipates additional charges of approx $10M. | ||
| 2008-09-30 | divestiture_reduction | completed | 2008-07-01 | 2008-09-30 | Global | Aluminum Products, Wood Products, Plastics, Commercial Vehicle Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Completed divestiture of four businesses in Q3 2008. Headcount not explicitly disclosed. | |||
| 2008-06-30 | restructuring | in_progress | 2007-01-01 | 2008-12-31 | Multiple segments (2007 Strategic Plan exit activities) | USD 12 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total restructuring and other special charges of $11.6M for the six months ended June 30, 2008 ($8.7M in Q2), including $1.8M restructuring-related costs and $5.6M asset impairments tied to the 2007 Strategic Plan; full-year 2008 continuing-operations restructuring charges expected at approximately $25M and total plan charges approximately $300M (including $287M recognized in Q4 2007) | |||
| 2008-06-30 | restructuring | in_progress | 20% | 2007-10-01 | 2008-12-31 | United States | Commercial Fixturing & Components — Store Fixtures business unit | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Since late 2007 the unit cut total workforce by approximately 20%, reduced manufacturing capacity 27%, cut administrative costs about $2M, and pruned $90M of unprofitable sales; unit has a year-end 2008 deadline to improve after-tax returns to at least cost of capital | ||
| 2008-06-30 | divestiture_reduction | completed | 2007-01-01 | 2008-07-16 | Aluminum Products segment | USD 300 (millions) | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Segment sold July 16, 2008 for $300M cash, a $25M subordinated note, and preferred stock (value up to $25M); gain or loss calculation still being finalized, no significant financial statement impact anticipated; $314M of net assets held for sale divested | |||
| 2008-06-30 | divestiture_reduction | completed | 2008-01-01 | 2008-03-31 | Specialized Products — automotive seating components operation | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale in Q1 2008 resulted in a pre-tax loss of $2.4M ($1.5M net of tax) reported in discontinued operations; business produced wire forms, tubular forms, and welded assemblies for automotive seating | |||
| 2008-06-30 | plant_closure | announced | 2007-01-01 | 2008-12-31 | Various business units | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company expects to continue closing or divesting individual plants operating at unacceptable profit levels; none of these facilities met held-for-sale or discontinued-operations criteria other than those disclosed; exit activities anticipated to be completed by end of 2008 | ||||
| 2008-06-30 | restructuring | in_progress | 2007-12-31 | 2008-12-31 | Global | Multiple segments | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2007 Strategic Plan; $1.8M restructuring-related costs plus $5.6M asset impairments incurred in first six months of 2008; total plan charges expected to be approximately $300M; no employee count disclosed | ||
| 2008-06-30 | restructuring | in_progress | 20% | 2007-11-01 | 2008-12-31 | United States | Commercial Fixturing & Components — Store Fixtures business unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Workforce reduced approximately 20% and manufacturing capacity 27% since late 2007; administrative costs cut about $2M; unit on 12-month deadline ending December 2008; absolute headcount not disclosed | ||
| 2008-06-30 | divestiture_reduction | completed | 2008-07-16 | 2008-07-16 | Global | Aluminum Products segment | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Entire Aluminum Products segment sold July 16, 2008 for $300M cash plus a $25M subordinated note and contingent preferred stock; headcount removed not disclosed | |||
| 2008-06-30 | divestiture_reduction | announced | 2007-12-31 | 2008-12-31 | Global | Six additional business units (Residential Furnishings, Commercial Fixturing & Components, Specialized Products) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six business units (Wood Products, Fibers, Coated Fabrics, Storage Products, Plastics, Commercial Vehicle Products dealer unit) expected to be divested during remainder of 2008; headcount not disclosed | |||
| 2008-06-30 | restructuring | in_progress | 2007-10-01 | 2008-12-31 | Global | Commercial Fixturing & Components (Store Fixtures) | USD 2 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced workforce by approximately 20% and administrative costs by $2 million since late 2007. Part of 2007 Strategic Plan. | ||
| 2008-06-30 | restructuring | in_progress | 2007-10-01 | 2008-12-31 | Global | Various | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Total restructuring-related charges for continuing operations in first six months of 2008 were $1.8 million. Total expected charges for full year 2008 are approximately $25 million. | ||
| 2008-03-31 | divestiture_reduction | completed | 2008-03-31 | Specialized Products — automotive seating components operation | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Pre-tax loss of $2.4 million ($1.5 million net of tax) on sale of an automotive seating component operation reported in discontinued operations | ||||
| 2008-03-31 | divestiture_reduction | completed | 2008-03-31 | Commercial Fixturing & Components — fixture & display operation | USD 2 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of a metal store fixtures operation resulted in a pre-tax gain of $2.2 million reported in Other income, net | ||||
| 2008-03-31 | restructuring | in_progress | 2007-11-01 | 2008-12-31 | Multiple segments — Aluminum Products Segment and six additional business units; plant closures and revenue pruning | USD 1 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2007 Strategic Plan exit activities; Q1 2008 charges of $0.5 million; cumulative charges $11.2 million; additional charges expected under $10 million; no employee counts disclosed | |||
| 2008-03-31 | restructuring | in_progress | 2007-11-30 | 2008-12-31 | Global | Company-wide (2007 Strategic Plan) | USD 1 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Adopted November 2007 (day not disclosed). Q1 2008 charges of $0.5M total ($0.4M continuing, $0.1M discontinued); additional charges to complete the plan expected to be less than $10.0M. No employee counts disclosed. Total plan charges now expected under $300M versus original $302-312M estimate. | ||
| 2008-03-31 | divestiture_reduction | in_progress | 2007-11-30 | 2008-12-31 | Global | Aluminum Products segment plus six additional business units (Fibers, Wood Products, Coated Fabrics, Storage Products, Plastics, Commercial Vehicle Products - Dealer Unit) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Seven businesses expected to be divested during 2008; $503.4M net assets classified as held for sale at 2008-03-31. No headcount associated with the divestitures disclosed. | |||
| 2008-03-31 | divestiture_reduction | completed | United States | Specialized Products — automotive seating components operation | USD 2 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold during Q1 2008; pre-tax loss of $2.4M ($1.5M net of tax) reported in discontinued operations. No headcount disclosed. | ||||
| 2008-03-31 | divestiture_reduction | completed | United States | Commercial Fixturing & Components — fixture & display operation | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold during Q1 2008; pre-tax gain of $2.2M included in Other income, net (did not qualify as discontinued operations). No headcount disclosed. | |||||
| 2008-03-31 | plant_closure | announced | 2007-11-30 | 2008-12-31 | Global | Unprofitable facilities across multiple business units, including Store Fixtures revenue pruning | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company anticipates closing or divesting a number of underperforming plants and eliminating unprofitable revenue; none had met held-for-sale or discontinued-operations criteria at quarter-end. No counts or charges disclosed for this component. | |||
| 2008-03-31 | restructuring | in_progress | 2007-11-01 | 2008-12-31 | Continuing Operations | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 2007 Strategic Plan. Q1 2008 charges include $0.3M employee termination costs and $0.1M other exit costs. | |||
| 2008-03-31 | restructuring | in_progress | 2007-11-01 | 2008-12-31 | Discontinued Operations | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of 2007 Strategic Plan. Q1 2008 charges comprised of employee termination costs. | |||
| 2008-03-31 | restructuring | in_progress | Continuing Operations | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. Includes $0.5M severance and $0.8M inventory obsolescence. | |||||
| 2008-03-31 | restructuring | in_progress | Discontinued Operations | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. Includes $0.7M severance and other restructuring costs. | |||||
| 2007-12-31 | divestiture_reduction | in_progress | 4,000 | 2007-11 | 2008-12-31 | Aluminum Products segment (discontinued operations) | USD 89 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Entire Aluminum Products segment to be divested under the 2007 Strategic Plan (Board-approved November 2007); business held for sale and actively marketed. 2007 impairment charges: goodwill $83.3M plus long-lived assets $6.1M; net assets held for sale $283.5M at 12/31/07. Plan-level exit costs expected $302–312M, $287M incurred in Q4 2007. Employees to transfer with divestiture expected complete by end of 2008. | ||
| 2007-12-31 | divestiture_reduction | in_progress | 1,000 | 2007-11 | 2008-12-31 | Residential Furnishings — Fibers and Wood Products units (discontinued operations) | USD 13 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Fibers (~$80M revenue) and Wood Products (~$60M revenue) units targeted for divestiture under the 2007 Strategic Plan; held for sale. $13.0M reflects Wood Products 2007 impairments (goodwill $2.9M, long-lived assets $10.1M); total 2007 Strategic Plan charges for Residential Furnishings discontinued operations were $3.4M of inventory obsolescence. Fibers impairment not separately disclosed. | ||
| 2007-12-31 | divestiture_reduction | in_progress | 850 | 2007-11 | 2008-12-31 | Commercial Fixturing & Components — Storage Products and Plastics units (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Storage Products (~$100M revenue) and Plastics (~$50M revenue) units targeted for divestiture under the 2007 Strategic Plan; held for sale. Net assets held for sale for the segment (discontinued portion) $82.6M at 12/31/07. No unit-level impairment or restructuring charges separately disclosed for these units. (Coated Fabrics, also targeted for 2008 divestiture, is excluded from discontinued operations and its headcount is in the continuing-operations total.) | |||
| 2007-12-31 | divestiture_reduction | in_progress | 700 | 2007-11 | 2008-12-31 | Specialized Products — Commercial Vehicle Products dealer unit and an automotive seating components operation (discontinued operations) | USD 31 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Dealer portion of Commercial Vehicle Products (~$80M revenue) and an automotive seating components operation targeted for divestiture under the 2007 Strategic Plan; both held for sale and in discontinued operations. 2007 impairments: CVP dealer unit $20.3M and automotive seating operation $10.5M, plus $0.5M restructuring charges ($0.1M employee termination costs). | ||
| 2007-12-31 | restructuring | in_progress | 2007-11 | 2008-11 | Commercial Fixturing & Components — Store Fixtures business unit (Fixture & Display group) | USD 3 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Store Fixtures placed in 'Fix' category with a 12-month performance deadline; restructuring initiated to eliminate roughly $100 million (about 20%) of the unit's least profitable revenue. $2.8M is the CFC continuing-operations 2007 Strategic Plan restructuring charge ($0.8M employee termination, $2.0M contract termination); the filing does not explicitly attribute it solely to Store Fixtures. Also related: Fixture & Display group goodwill impairment of $142.6M in 2007. | |||
| 2007-12-31 | plant_closure | announced | 2007-11 | 2008-12-31 | Various Grow and Core business units across segments | MD&A f5-10k / GLM-5.3-flash-HTML | Several otherwise healthy business units contain individual plants operating at unacceptable profit levels; closure or disposition of a number of these unprofitable facilities anticipated, with an associated revenue reduction of approximately $200 million. No employee count disclosed. Part of 2007 Strategic Plan exit activities expected complete by end of 2008. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-03 | Residential Furnishings — Prime Foam Products unit (discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale completed in March 2007 (first quarter); largest divestiture in company history, generating a pre-tax gain of approximately $24 million ($23.7M per Note B). Unit produced commodity foam; contributed $192 million of sales in 2006. Headcount affected not disclosed. | |||||
| 2007-12-31 | restructuring | completed | 2005-09 | 2007-12-31 | Company-wide — 36 operations closed, consolidated, or sold across segments | USD 12 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Broad-based capacity-reduction initiative launched September 2005; essentially complete at December 31, 2007. Figures are cumulative through fiscal year-end 2007: employee termination costs $12.4M; total net costs $19.9M (including contract termination, plant closure/asset relocation, inventory obsolescence, net of asset-sale gains). 2007-specific restructuring costs were $1.6M (no 2007 employee termination costs). Individual employee counts not disclosed. | |||
| 2007-12-31 | restructuring | completed | 2007-12-31 | Various operations (continuing and discontinued) | USD 11 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Consolidated record for various 2007 cost-reduction initiatives (none individually material) that included workforce reductions and closure/consolidation of certain operations. 2007 'severance and other restructuring costs' of $10.3M charged to other expense, net, plus $0.3M in discontinued operations; separate $2.9M inventory obsolescence charged to cost of goods sold. Restructuring liabilities from these initiatives at year-end 2007: $4.5M. Individual employee counts not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007-11 | 2008-12-31 | United States and international operations | Company-wide (all four continuing segments) | USD 287 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved the 2007 Strategic Plan in November 2007; $287 million of charges related to the plan were incurred in 2007 (virtually all non-cash), of which $3 million was cash restructuring charges including approximately $0.8 million employee termination costs in continuing operations and $0.1 million in discontinued operations. Total 2007 net impairment and restructuring-related charges were $305 million. Filer expects total exit-activity costs of $302-312 million and an additional $15-25 million of costs in 2008. Employees affected not quantified. | ||
| 2007-12-31 | divestiture_reduction | in_progress | 6,550 | 2007-11 | 2008-12-31 | Primarily United States (78 of 87 discontinued-operations facilities), with facilities in Canada and Mexico | Aluminum Products segment; Fibers, Wood Products, Storage Products, Plastics, dealer portion of Commercial Vehicle Products, and an automotive seating components operation | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 6,550 employees were employed by businesses classified as discontinued operations at 2007-12-31 (Aluminum Products 4,000; Residential Furnishings 1,000; Commercial Fixturing & Components 850; Specialized Products 700). This is the headcount of businesses held for sale at year-end, not a count of separations executed during the year; $481 million of net assets were classified as held for sale. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-03-31 | United States | Residential Furnishings — Prime Foam Products business unit | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Prime Foam Products unit sold in March 2007 (approximately $192 million of 2006 sales; pre-tax gain of $23.7 million). Employees transferred with the business not disclosed. | ||||
| 2007-12-31 | restructuring | in_progress | 2007-11 | 2008-11-30 | United States | Commercial Fixturing & Components — Store Fixtures business unit (placed in 'Fix' category) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Store Fixtures unit given a 12-month deadline to improve performance; plan eliminates approximately $100 million (about 20%) of the unit's least profitable revenue. Employees affected not quantified; Fixture & Display group recorded a $143 million goodwill impairment in 2007. | |||
| 2007-12-31 | plant_closure | in_progress | 2007-11 | 2008-12-31 | United States and international operations | Individual plants within Grow and Core business units across segments | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure or disposition of a number of unprofitable plants expected to reduce revenue by approximately $200 million; most of these facilities had not met held-for-sale or discontinued-operations criteria at year-end. Employees affected not quantified. | |||
| 2007-12-31 | acquisition_addition | completed | 2007-12-31 | China (office furniture components); not specified for other two acquisitions | Commercial Fixturing & Components ($20 million sales); Industrial Materials ($50 million sales); Specialized Products ($30 million sales) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three businesses acquired during 2007 with approximately $100 million of annualized sales; headcount added through these acquisitions is not disclosed. | ||||
| 2007-12-31 | plant_closure | completed | 2005-09-30 | 2007-12-31 | United States and international operations | Company-wide (2005 Closure and Consolidation Initiative) | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through fiscal year-end: 36 underutilized or underperforming facilities closed, consolidated or sold since the program launched in September 2005; program essentially complete at 2007-12-31. Only current-year activity shown: $1.6 million of restructuring costs incurred in 2007 (total costs to date $19.9 million). Employees affected in 2007 not disclosed. | ||
| 2007-12-31 | restructuring | in_progress | 2007-11-01 | 2008-12-31 | Global | Multiple Segments | USD 302 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Company announced 2007 Strategic Plan in November 2007. Total costs and asset impairment charges associated with exit activities expected to be between $302 million and $312 million. Exit activities include divestitures and plant closures. Completion expected by end of 2008. Specific employee count not disclosed in Item 1, though Note D details restructuring charges. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-03-01 | 2007-03-01 | Global | Residential Furnishings | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divested Prime Foam Products business unit in first quarter of 2007. Classified as discontinued operation. | |||
| 2007-12-31 | restructuring | in_progress | 2007-11-01 | 2008-12-31 | Global | Multiple Segments | USD 302 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Company expects total costs and asset impairment charges between $302 million and $312 million associated with exit activities including divestitures and plant closures. Employee termination costs are included but specific headcount not disclosed. | ||
| 2007-12-31 | divestiture_reduction | completed | 2007-03-01 | 2007-03-31 | United States | Residential Furnishings | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Divested Prime Foam Products business unit in Q1 2007. Headcount removed not explicitly stated in continuing ops context, but discontinued ops note lists 4,000 employees in Aluminum and others. | |||
| 2007-09-30 | restructuring | in_progress | 2007-10-01 | Commercial Fixturing & Components; Aluminum Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Further restructuring initiated beginning October 2007 at selected facilities in Fixture & Display and Aluminum businesses to improve margins; no employee counts or charges quantified | |||||
| 2007-09-30 | restructuring | completed | 2005-09-01 | 2006-12-31 | Multiple segments | USD 44 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Initiative to reduce excess capacity; 36 facilities identified for closure, consolidation or sale; essentially complete at December 31, 2006 except isolated asset sales; remaining payments expected in 2007; includes $12.4 employee termination costs and $2.4 contract termination costs | |||
| 2007-09-30 | divestiture_reduction | completed | 2007-03-01 | 2007-03-31 | Residential Furnishings — Prime Foam Products unit | USD 24 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Prime Foam Products unit in March 2007; pre-tax gain of $23.7 ($12.1 net of tax); largest divestiture in company history with $88.0 million cash proceeds; no headcount disclosed | |||
| 2007-09-30 | divestiture_reduction | completed | 2007-03 | 2007-03 | United States | Residential Furnishings | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Prime Foam Products unit; pre-tax gain of $23.7 million ($12.1 million net of tax). No headcount associated with the divestiture was disclosed. | |||
| 2007-09-30 | restructuring | in_progress | 2005-09 | 2007-12-31 | United States | Multiple segments (Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products) | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2005 Closure and Consolidation Initiative; activities essentially complete at Dec 31, 2006 with 2007 amounts immaterial. Charge shown is total incurred to date (includes $20.1M impairments, $12.0M inventory obsolescence, offset by $9.9M asset sale gains). No employees-affected count disclosed; remaining payments expected during 2007. | ||
| 2007-09-30 | restructuring | announced | 2007-10 | United States | Commercial Fixturing & Components | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Further restructuring of selected facilities initiated beginning October 2007 to improve margins; no employee count or charge disclosed. | ||||
| 2007-09-30 | restructuring | announced | 2007-10 | United States | Aluminum Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional restructuring activities initiated beginning October 2007, including underperforming Auburn, Alabama facility; no employee count or charge disclosed. | ||||
| 2007-09-30 | divestiture_reduction | completed | 2007-03-01 | 2007-03-01 | Residential Furnishings | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sold Prime Foam Products unit in March 2007. Employee count not disclosed. | ||||
| 2007-09-30 | restructuring | in_progress | 2007-10-01 | Commercial Fixturing & Components | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiated further restructuring beginning in October 2007. Employee count not disclosed. | |||||
| 2007-09-30 | restructuring | in_progress | 2007-10-01 | Aluminum Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiated additional restructuring activities beginning in October 2007. Employee count not disclosed. | |||||
| 2007-06-30 | divestiture_reduction | completed | 2007-03-01 | 2007-03-31 | Residential Furnishings — Prime Foam Products unit | USD 24 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Prime Foam Products unit sold in March 2007; pre-tax gain of $23.7 million ($12.1 million net of tax). No employee headcount affected was disclosed. | |||
| 2007-06-30 | restructuring | in_progress | 2005-09-01 | 2007-12-31 | Multiple segments | USD 45 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2005 Closure and Consolidation Initiative: total costs of $44.5 million incurred to date, including $12.4 million employee termination costs; essentially complete except isolated asset sales, with remaining payments expected in 2007. No employee counts disclosed. | |||
| 2007-06-30 | divestiture_reduction | completed | 2007-03-31 | 2007-03-31 | United States | Residential Furnishings | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Prime Foam Products unit sold in March 2007; pre-tax gain of $23.7 million; no employee count disclosed | |||
| 2007-06-30 | restructuring | completed | 2005-09-30 | 2006-12-31 | United States | Multiple segments | USD 45 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2005 Closure and Consolidation Initiative; activities essentially complete at Dec 31, 2006 except isolated asset sales; 36 facilities identified for closure/consolidation/sale; no employee count disclosed; 2007 charges immaterial | ||
| 2007-06-30 | restructuring | in_progress | 2007-01-01 | United States | Multiple segments | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Other cost reduction initiatives incurred $6.9 million in first six months of 2007, partially offset by $5.5 million asset sale gains; no employee count disclosed | |||
| 2007-06-30 | restructuring | in_progress | 2005-09-01 | 2007-12-31 | Global | Multiple segments | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. Accrued liability of $1.7M at Dec 31, 2006 reduced to $1.4M at June 30, 2007 via payments and adjustments. All remaining payments expected in 2007. | ||
| 2007-06-30 | restructuring | in_progress | Global | Multiple segments | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. Incurred $6.9M in costs during first six months of 2007, partially offset by $5.5M gains from asset sales. Includes severance and asset write-downs. | ||||
| 2007-06-30 | divestiture_reduction | completed | 2007-03-01 | Global | Residential Furnishings | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sold Prime Foam Products unit in March 2007. Headcount not explicitly disclosed. | ||||
| 2007-03-31 | restructuring | completed | 2005-09-01 | 2006-12-31 | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products | USD 45 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 2005 Closure and Consolidation Initiative covering 36 operations to be closed, consolidated or sold; activities essentially complete at year-end 2006 except remaining asset sales. Employee termination costs of $12.4 million incurred to date; accrued termination-benefit liability of $0.7 million at March 31, 2007. Segment-level total costs: Residential Furnishings $18.4M, Commercial Fixturing & Components $15.0M, Industrial Materials $3.7M, Specialized Products $7.8M. First-quarter 2007 charges on this initiative were immaterial; remaining payments expected in 2007. | |||
| 2007-03-31 | divestiture_reduction | completed | 2007-03-01 | 2007-03-31 | Residential Furnishings — Prime Foam business unit | USD 24 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Prime Foam operations in March 2007, largest divestiture in company history, generating a pre-tax gain of $23.7 million ($12.1 million net of tax) and cash proceeds of $88.0 million. No employee headcount affected was disclosed. | |||
| 2007-03-31 | acquisition_addition | completed | 2007-01-01 | 2007-03-31 | Specialized Products; Industrial Materials | USD 83 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Two acquisitions completed in Q1 2007 expected to add about $80 million in annual sales: a designer/assembler of docking stations for commercial vehicle interiors (Specialized Products) and a coated wire products manufacturer (Industrial Materials). No employee headcount added was disclosed. | |||
| 2007-03-31 | divestiture_reduction | completed | 2007-03 | Residential Furnishings | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the Prime Foam business unit in March 2007; largest divestiture in company history, generating a pre-tax gain of $23.7 million ($12.1 million net of tax). No employee count disclosed. | |||||
| 2007-03-31 | acquisition_addition | completed | Specialized Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Designer and assembler of docking stations securing computer and electrical equipment in vehicles; broadens commercial vehicle interior products. One of two Q1 2007 acquisitions expected to add about $80 million in combined annual sales. No headcount disclosed. | ||||||
| 2007-03-31 | acquisition_addition | completed | Industrial Materials | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Coated wire products manufacturer (including dishwasher racks); moves the company downstream with cross-segment selling opportunity. One of two Q1 2007 acquisitions expected to add about $80 million in combined annual sales. No headcount disclosed. | ||||||
| 2007-03-31 | restructuring | completed | 2005-09 | 2006-12-31 | United States | Multiple segments (Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2005 Closure and Consolidation Initiative covering 36 operations to be closed, consolidated or sold; activities essentially complete at December 31, 2006 except remaining asset sales. Total costs incurred to date $44.9 million (including $12.4 million employee termination costs); 2007 amounts immaterial. No employee headcount disclosed; remaining payments expected in 2007. | |||
| 2007-03-31 | restructuring | completed | Company-wide | USD 0 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | In Q1 2007 the company incurred an additional $0.4 million, primarily employee termination costs, to complete various cost reduction initiatives separate from the 2005 program. No employee headcount disclosed. | |||||
| 2007-03-31 | restructuring | in_progress | 2005-09-01 | 2007-12-31 | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. Q1 2007 charges were immaterial. Remaining payments expected in 2007. | ||||
| 2007-03-31 | restructuring | completed | 2007-03-31 | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. Incurred additional $0.4 million, primarily employee termination costs, to complete these initiatives in Q1 2007. | |||||
| 2007-03-31 | divestiture_reduction | completed | 2007-03-31 | Residential Furnishings | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divested Prime Foam operations. Headcount not explicitly disclosed. | |||||
| 2007-03-31 | acquisition_addition | completed | 2007-03-31 | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired designer and assembler of docking stations. Headcount not explicitly disclosed. | |||||
| 2007-03-31 | acquisition_addition | completed | 2007-03-31 | Industrial Materials | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired manufacturer of coated wire products. Headcount not explicitly disclosed. | |||||
| 2006-12-31 | restructuring | completed | 2005-09 | 2006-12-31 | Residential Furnishings | USD 2 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 16 of the program's 36 facilities consolidated, closed or sold were in this segment (per Item 1). 2006 net charge includes restructuring costs, asset impairment and inventory obsolescence, offset by asset-sale gains; $18.3M cumulative to date. Program-wide 2006 severance payments of $15.6M; $1.7M liability remained at year-end. Headcount affected not disclosed. | |||
| 2006-12-31 | restructuring | completed | 2005-09 | 2006-12-31 | Commercial Fixturing & Components | USD 0 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 10 facilities in this segment; MD&A indicates eight were Fixture & Display group facilities. 2006 net charge $0.3M; $14.9M cumulative to date. Headcount affected not disclosed. | |||
| 2006-12-31 | restructuring | completed | 2005-09 | 2006-12-31 | Industrial Materials | USD 0 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 5 facilities consolidated, closed or sold in this segment. 2006 net charge $0.4M; $3.6M cumulative to date. Headcount affected not disclosed. | |||
| 2006-12-31 | restructuring | completed | 2005-09 | 2006-12-31 | Specialized Products | USD 1 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 5 facilities consolidated, closed or sold in this segment. 2006 net charge $1.2M; $7.8M cumulative to date. Headcount affected not disclosed. | |||
| 2006-12-31 | restructuring | completed | 2006-12-31 | USD 8 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Basket of cost-reduction initiatives (workforce reductions and closure/consolidation of operations) implemented over 2004-2006 and completed in 2006. 2006 charge primarily employee termination costs ($7.0M severance in other expense; $0.4M inventory obsolescence in cost of goods sold); $1.6M restructuring liability remained at year-end. Headcount not disclosed. | |||||
| 2006-12-31 | acquisition_addition | completed | Residential Furnishings | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Five businesses acquired during 2006 with roughly $75M annualized sales (rubber carpet underlay, geo components, international spring operations); $83.2M net cash consideration per Note B. Headcount added not disclosed. | ||||||
| 2006-12-31 | divestiture_reduction | completed | Residential Furnishings (2 businesses); Industrial Materials (2); Specialized Products (1) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Five businesses divested during 2006 with aggregate annualized sales of $45M, including a Russian innerspring maker, a fabric dye/finishing business, a steel coil slitter, a specialty drawn wire business, and an industrial sewing machine manufacturer. Headcount removed not disclosed. | ||||||
| 2006-12-31 | restructuring | completed | 2005-09-01 | 2006-12-31 | United States and international | Multiple segments (Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products) | USD 12 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 36 facilities closed, consolidated or sold; $12.0M net charges in 2006 ($4.3M net for the initiative itself plus $7.7M other initiatives). Cumulative net costs ~$67M ($55M in 2005, $12M in 2006). Employee termination costs incurred in 2006: $4.0M. Activities essentially complete at year-end. | ||
| 2006-12-31 | acquisition_addition | completed | 2006-12-31 | Primarily United States | Residential Furnishings | USD 83 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Five businesses acquired in 2006 with ~$75M annualized sales; $83.2M net cash consideration. Headcount added not disclosed. | |||
| 2006-12-31 | divestiture_reduction | completed | 2006-12-31 | United States and Russia | Residential Furnishings, Industrial Materials, Specialized Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Five businesses divested with aggregate annualized sales of $45M. Headcount removed not disclosed. | ||||
| 2006-12-31 | restructuring | completed | 2005-09-01 | 2006-12-31 | Global | Multiple Segments | USD 12 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2005 Closure and Consolidation Initiative. 36 facilities closed, consolidated, or sold. Net costs recognized in 2006 were $12 million. Total cumulative costs were $44.6 million. Specific employee count for 2006 actions not disclosed separately from total program. | ||
| 2006-12-31 | acquisition_addition | completed | 2006-12-31 | 2006-12-31 | Global | Residential Furnishings | business_combinations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired five businesses in 2006, representing approximately $75 million in annualized sales. All five acquisitions were made by the Residential Furnishings segment. Employee count not disclosed. | |||
| 2006-12-31 | divestiture_reduction | completed | 2006-12-31 | 2006-12-31 | Global | Multiple Segments | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divested five businesses in 2006 with aggregate annualized sales of $45 million. Employee count not disclosed. | |||
| 2006-12-31 | restructuring | completed | 2005-09 | 2006-12-31 | Global | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. 36 facilities closed/consolidated. Total costs incurred to date $44.6 million. Activity essentially complete as of Dec 31, 2006. Employee count affected not explicitly disclosed in footnote, only financial charges. | ||
| 2006-12-31 | restructuring | completed | 2006-12-31 | Global | Various | USD 8 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Other Initiatives. Various cost reduction initiatives over last three years. Total costs for 2006 were $7.7 million. Employee count affected not explicitly disclosed. | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products | USD 47 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 36 underutilized or underperforming facilities to be closed, consolidated, or sold; $40.3 million incurred in 2005, $6.1 million in first nine months of 2006, remaining $0.3 million expected in Q4 2006 | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Residential Furnishings | USD 18 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total estimated cost at completion for Residential Furnishings under the 2005 Closure and Consolidation Initiative; $2.4 million incurred year-to-date 2006 | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Commercial Fixturing & Components | USD 15 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total estimated cost at completion for Commercial Fixturing & Components; $0.1 million incurred year-to-date 2006 | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Industrial Materials | USD 4 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total estimated cost at completion for Industrial Materials; $0.3 million incurred year-to-date 2006 | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Specialized Products | USD 10 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Total estimated cost at completion for Specialized Products; $3.3 million incurred year-to-date 2006 | |||
| 2006-09-30 | restructuring | in_progress | 2006-12-31 | USD 6 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Other cost-reduction initiatives beyond the 2005 Closure and Consolidation Initiative; $5.8 million incurred in first nine months of 2006, primarily employee termination costs; approximately $4.4 million remaining to complete 2006-initiated activities | |||||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | United States and international operations | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2005 Closure and Consolidation Initiative: 36 operations to be closed, consolidated or sold; no employee headcount disclosed. $40.3M incurred in 2005, $6.1M in first nine months of 2006, $0.3M remaining expected in Q4 2006. Includes $12.2M of employee termination costs, $19.5M asset impairment, $13.6M inventory obsolescence, and $(7.1)M asset sale gains. About half of facilities in Residential Furnishings, one-quarter in Commercial Fixturing & Components. | ||
| 2006-09-30 | restructuring | in_progress | 2006-12-31 | United States and international operations | Multiple segments | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Other cost-reduction initiatives beyond the 2005 Closure and Consolidation Initiative: $5.8M incurred in first nine months of 2006, primarily employee termination costs, materially completing the other 2005 initiatives. Approximately $4.4M remains to complete 2006-initiated activities. No employee counts disclosed. | |||
| 2006-09-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Global | Multiple segments (Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products) | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. $6.1M incurred in first nine months of 2006. Total estimated cost $46.7M. Remaining $0.3M expected in Q4 2006. Employee termination costs incurred YTD 2006 were $3.8M. | ||
| 2006-09-30 | restructuring | in_progress | 2006-01-01 | 2006-12-31 | Global | Multiple segments | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. $5.8M incurred in first nine months of 2006, primarily employee termination costs. Total cost remaining estimated at $4.4M. | ||
| 2006-06-30 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products | USD 53 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Broad-based initiative announced September 2005 to reduce excess capacity; 36 facilities to be closed, consolidated, or sold. $40.3 million incurred in 2005, $10.7 million in first six months of 2006, remaining $2.3 million expected in Q3 2006. No employee headcount affected disclosed. | |||
| 2006-06-30 | plant_closure | in_progress | 2005-09-01 | 2006-12-31 | Fixture & Display (8 facilities); Residential Furnishings (~half of 36), Commercial Fixturing & Components (~one-quarter), Industrial Materials and Specialized Products (remainder) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | 36 underutilized or underperforming facilities identified for closure, consolidation, or sale under the 2005 Closure and Consolidation Initiative; affected operations generated roughly $400 million annual revenue, with about $90 million expected to be walked away from or divested. No employee counts disclosed. | ||||
| 2006-06-30 | acquisition_addition | completed | 2006-04-01 | United States | Residential Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Acquired a producer of rubber carpet cushioning in early April 2006 with annual sales of about $47 million; headcount added not disclosed. | ||||
| 2006-06-30 | acquisition_addition | completed | 2006-04-01 | Australia | Residential Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Purchased a small bed spring operation in Australia during Q2 2006 with approximately $3 million in annual sales; headcount added not disclosed. | ||||
| 2006-06-30 | restructuring | in_progress | 2005-09 | 2006-09-30 | United States and international operations | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products | USD 74 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2005 Closure and Consolidation Initiative: 36 facilities to be closed, consolidated or sold; no employee count disclosed. About half of facilities in Residential Furnishings, one-quarter in Commercial Fixturing. $10.7 incurred in first six months of 2006; remaining $2.3 expected in Q3 2006. Affected operations generated roughly $400M annual revenue, with about $90M expected sales reduction. | ||
| 2006-06-30 | restructuring | in_progress | 2005-01-01 | 2006-12-31 | United States and international operations | Multiple segments (other cost reduction initiatives) | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Separate from the 2005 Closure and Consolidation Initiative. $5.6 incurred in first six months of 2006, primarily employee termination costs, materially completing the other 2005 initiatives; $0.2 incurred for initiatives started in 2006, with under $0.5 remaining. No employee counts disclosed. Announcement date approximate (initiatives carried over from 2005). | ||
| 2006-06-30 | acquisition_addition | completed | 2006-04 | United States | Residential Furnishings (carpet underlay) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a rubber carpet cushioning producer with about $47M annual sales, completed in early April 2006; no headcount disclosed. Part of roughly $50M annual sales added to Residential Furnishings in Q2 2006. | ||||
| 2006-06-30 | acquisition_addition | completed | 2006-06 | Australia | Residential Furnishings (bed springs) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase of a small bed spring operation with approximately $3M annual sales during Q2 2006; no headcount disclosed. Announcement month approximate. | ||||
| 2006-06-30 | restructuring | in_progress | 2005-09-01 | 2006-09-30 | Global | Multiple segments (Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products) | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. 36 operations identified for closure, consolidation, or sale. $10.7M incurred in first six months of 2006. Remaining $2.3M expected in Q3 2006. Employee headcount affected not explicitly disclosed. | ||
| 2006-06-30 | restructuring | in_progress | 2006-01-01 | 2006-12-31 | Global | Multiple segments | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Other Initiatives. $5.6M incurred in first six months of 2006, primarily employee termination costs. Remaining cost estimated less than $0.5M. Employee headcount affected not explicitly disclosed. | ||
| 2006-03-31 | restructuring | in_progress | 2005-09-01 | 2006-06-30 | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products | USD 55 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | 36 facilities to be closed, consolidated or sold; $40.3M incurred in 2005 and $5.0M in Q1 2006, with remaining $9.7M expected by mid-2006. No employee headcount affected disclosed. | |||
| 2006-03-31 | restructuring | in_progress | 2006-06-30 | Company-wide | USD 5 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2006 costs primarily employee termination costs; these initiatives materially completed in the quarter. No headcount affected disclosed. | ||||
| 2006-03-31 | restructuring | in_progress | 2005-09-01 | 2006-06-30 | United States and international operations | Residential Furnishings; Commercial Fixturing & Components; Industrial Materials; Specialized Products | USD 55 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 36 operations to be closed, consolidated or sold; no employee headcount disclosed. $40.3M expensed in 2005, $5.0M in Q1 2006, remaining $9.7M expected by mid-2006. About half of facilities in Residential Furnishings, one-quarter in Commercial Fixturing & Components. Closed operations had roughly $400M revenue; ~$90M sales reduction expected. | ||
| 2006-03-31 | restructuring | completed | 2006-03-31 | Not specified | Multiple (other initiatives apart from 2005 Closure and Consolidation Initiative) | USD 5 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Primarily employee termination costs; $14.6M incurred in full year 2005 and $5.4M in Q1 2006, which materially completed these initiatives. No employee counts disclosed. | |||
| 2006-03-31 | acquisition_addition | completed | 2006-03-31 | Not specified | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One acquisition completed in Q1 2006; distributor of geotextiles, erosion control and related products, adding about $6M in annual sales. Headcount added not disclosed. | ||||
| 2006-03-31 | acquisition_addition | announced | 2006-04-01 | 2006-04-30 | Not specified | Residential Furnishings (carpet underlay) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Early April 2006 acquisition of a rubber carpet cushioning producer with about $47M in annual sales; month only disclosed, day not stated. Headcount added not disclosed. | |||
| 2006-03-31 | restructuring | in_progress | 2005-09-01 | 2006-06-30 | Global | Multiple segments (Residential Furnishings, Commercial Fixturing & Components, Industrial Materials, Specialized Products) | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative. 36 operations to be closed, consolidated, or sold. Q1 2006 charges of $10.4M incurred. Total expected cost $75M. Employee headcount reduction not explicitly quantified in this filing. | ||
| 2005-12-31 | restructuring | in_progress | 2005-09 | 2006-06-30 | United States and international operations | Residential Furnishings | USD 23 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total estimated cost at completion for the segment; $15.9 million incurred in 2005. About half of the 36 identified facilities are in this segment. Employee headcount not disclosed. | ||
| 2005-12-31 | restructuring | in_progress | 2005-09 | 2006-06-30 | United States and international operations | Commercial Fixturing & Components | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total estimated cost at completion; $14.6 million incurred in 2005. About one-quarter of the 36 facilities are in this segment, primarily Fixture & Display. Employee headcount not disclosed. | ||
| 2005-12-31 | restructuring | in_progress | 2005-09 | 2006-06-30 | United States | Industrial Materials | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total estimated cost at completion; $3.2 million incurred in 2005. Five facilities identified for closure, consolidation or sale. Employee headcount not disclosed. | ||
| 2005-12-31 | restructuring | in_progress | 2005-09 | 2006-06-30 | United States and international operations | Specialized Products | USD 12 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total estimated cost at completion; $6.6 million incurred in 2005. Five facilities identified for closure, consolidation or sale. Employee headcount not disclosed. | ||
| 2005-12-31 | restructuring | in_progress | 2005-09 | 2006-12-31 | United States and international operations | Multiple segments — other cost reduction initiatives | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Costs incurred in 2005 for prior cost-reduction initiatives separate from the Closure and Consolidation Initiative; an additional $5.1 million expected in 2006 to complete them. Employee headcount not disclosed. | ||
| 2005-12-31 | acquisition_addition | completed | United States, China and other international locations | Residential Furnishings; Specialized Products; Commercial Fixturing & Components | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 12 businesses acquired during 2005 for $174.3 million cash plus $35.4 million assumed debt, adding approximately $320 million of annualized sales ($170 million Residential Furnishings, $150 million Specialized Products). Headcount added not disclosed. | |||||
| 2005-12-31 | divestiture_reduction | completed | United States | Residential Furnishings; Specialized Products; Commercial Fixturing & Components | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Four businesses divested in 2005 with aggregate annualized sales of $22 million, including a wiping cloth business, a small automotive cable producer, and stud wall fixture partition/display assets. Headcount removed not disclosed; not reported as discontinued operations. | |||||
| 2005-12-31 | restructuring | in_progress | 2005-09-01 | 2006-06-30 | Global | Multiple Segments | USD 78 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | September 2005 Restructuring Plan identified 36 facilities for closure/consolidation. Total expected costs approx $77.9 million. Employee count not explicitly disclosed in aggregate, but severance costs incurred. | ||
| 2005-12-31 | acquisition_addition | completed | 2005-10-31 | 2005-10-31 | United States | Specialized Products | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquisition of America's Body Company in late October 2005. Headcount not explicitly disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-10-01 | 2005-10-01 | United States | Residential Furnishings | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquisition of two geo components operations (Ikex/Jarex) in 2005. Headcount not explicitly disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-12-31 | 2005-12-31 | Global | Multiple Segments | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of four businesses in 2005 with aggregate annualized sales of $22 million. Headcount not explicitly disclosed. | |||
| 2005-12-31 | restructuring | in_progress | 2005-09-01 | 2006-12-31 | Global | Multiple segments | USD 78 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2005 Closure and Consolidation Initiative launched in Q3 2005. Identified 36 facilities to be closed, consolidated, or sold. Total expected cost $77.9 million. $54.9 million incurred in 2005; $23.0 million expected in 2006. Employee count not explicitly disclosed, but reduction in employee numbers cited as a source of earnings benefit. | ||
| 2005-09-30 | restructuring | in_progress | 2005-09-19 | 2006-12-31 | All segments; approximately half of affected facilities in Residential Furnishings, one-quarter in Commercial Fixturing & Components, one in Aluminum Products, remainder in Industrial Materials and Specialized Products | USD 60 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan to close, consolidate, or divest approximately 35 production or warehouse facilities (initial estimate 20-30); operations impacted generate annual revenue of approximately $400 million, of which about $100 million expected to be lost via divestitures and walking away from unprofitable business. Total estimated charges $50-70 million, of which approximately 40% non-cash; $14.4 million incurred in Q3 2005 ($9.2 million asset impairment, $5.2 million inventory obsolescence); $15-20 million expected in Q4 2005 and remaining $20-35 million by end of 2006. Expected ongoing annual pre-tax benefit of $30-35 million. No employee termination counts disclosed. | |||
| 2005-09-30 | acquisition_addition | completed | 580 | 2005-10-28 | 2005-10-28 | United States | subsequent_events f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of America's Body Company, a designer, manufacturer, and supplier of equipment for vans and light-to-medium duty commercial trucks, with approximately 580 employees and ten operating facilities; annual revenue approximately $150 million | |||
| 2005-09-30 | other | completed | Aluminum Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Work stoppage at one facility during the third quarter contributed to an 80.5% decline in segment EBIT; no headcount or duration details disclosed | ||||||
| 2005-09-30 | restructuring | in_progress | 2005-09-19 | 2006-12-31 | Multiple segments (about half of facilities in Residential Furnishings, one-quarter Commercial Fixturing & Components, one Aluminum Products, remainder Industrial Materials and Specialized Products) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 'September 2005 Plan' to close, consolidate or divest about 35 facilities (initially announced as 20-30). Expected total charge range $50-70 million; $14.4 million incurred in Q3 2005 (asset impairment $9.2M, inventory obsolescence $5.2M); about 40% non-cash; $15-20M expected in Q4 2005 and $20-35M in 2006. No employee headcount disclosed; employee termination costs expected at $15-23 million. Impacted operations generate about $400 million revenue, with roughly $100 million expected to be lost; expected ongoing annual pre-tax benefit of $30-35 million. | ||||
| 2005-09-30 | acquisition_addition | completed | Canada; United States | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two acquisitions completed during Q3 2005: Westex International (down comforters, near Toronto) and Everwood Products (metal rocker bases, northern Mississippi); combined expected to add about $10 million to annual sales. No headcount disclosed. | |||||
| 2005-09-30 | acquisition_addition | announced | 2005-10-12 | Multiple segments (largest adds about $65 million of sales to Residential Furnishings) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five acquisitions announced October 12, 2005, collectively expected to add about $85 million of annual revenue; largest is a geotextile converting/distribution business completed early in Q4 2005. No headcount disclosed for any of the five. | |||||
| 2005-09-30 | acquisition_addition | completed | 580 | 2005-10-28 | 2005-10-28 | United States | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired October 28, 2005 (after quarter end). ABC has approximately 580 employees and ten operating facilities, annual revenue about $150 million; described as the third-largest acquisition in company history. Segment assignment not stated in filing. | |||
| 2005-09-30 | other | in_progress | Aluminum Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Work stoppage at one Aluminum Products facility cited as a driver of the segment's 80.5% Q3 EBIT decline; start date, duration, employee count and resolution not disclosed. | ||||||
| 2005-09-30 | restructuring | in_progress | 2005-09-19 | 2006-12-31 | Global | All Segments | USD 50 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | September 2005 Plan: Close, consolidate, or divest 20-30 facilities. Total expected charges $50-70 million. Completion expected by end of 2006. | ||
| 2005-09-30 | acquisition_addition | completed | 580 | 2005-10-28 | 2005-10-28 | United States | Specialized Products | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquired America's Body Company (ABC). 580 employees. | ||
| 2005-06-30 | acquisition_addition | completed | United States | Residential Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Acquired a producer of rubber and felt carpet underlay expected to add about $41 million in annual sales; no employee count disclosed. | |||||
| 2005-06-30 | acquisition_addition | completed | South Africa | Residential Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Purchased a South African manufacturer of innersprings expected to add about $6 million in annual revenues; no employee count disclosed. | |||||
| 2005-06-30 | acquisition_addition | completed | China | Specialized Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Acquired a Chinese manufacturer of automotive seating components expected to contribute approximately $1 million in annual sales; no employee count disclosed. | |||||
| 2005-06-30 | divestiture_reduction | completed | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Divested two small non-core operations that previously generated about $5 million in annual revenue; no employee count disclosed. | |||||||
| 2005-06-30 | acquisition_addition | completed | Not disclosed | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a rubber and felt carpet underlay producer completed in Q2 2005; expected to add about $41 million in annual sales. Headcount added not disclosed. | |||||
| 2005-06-30 | acquisition_addition | completed | South Africa | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a South African innerspring manufacturer completed in Q2 2005; expected to add about $6 million in annual revenues. Headcount added not disclosed. | |||||
| 2005-06-30 | acquisition_addition | completed | China | Specialized Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a Chinese manufacturer of automotive seating components completed in Q2 2005; expected to contribute about $1 million in annual sales. Headcount added not disclosed. | |||||
| 2005-06-30 | divestiture_reduction | completed | Not disclosed | Non-core operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two small, non-core operations divested during Q2 2005 with combined prior annual revenue of about $5 million. Headcount removed not disclosed; filer presents the two divestitures as a single combined disclosure. | |||||
| 2005-03-31 | acquisition_addition | completed | Residential Furnishings (Fabric, Foam and Fiber group) | USD 6 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Acquired one firm expected to add about $12 million to annual sales; markets and distributes fabric for civil engineering applications. No headcount figure disclosed. | |||||
| 2005-03-31 | divestiture_reduction | completed | Residential Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Divested one small fiber operation generating annual revenues of about $15 million. No headcount figure disclosed. | ||||||
| 2005-03-31 | acquisition_addition | completed | United States | Residential Furnishings | USD 6 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a fabric marketing/distribution firm for civil engineering applications, adding about $12 million to annual sales; headcount added not disclosed. $6.4 million is total acquisition spending net of cash acquired, not a workforce charge. | ||||
| 2005-03-31 | divestiture_reduction | completed | United States | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested a small fiber operation with about $15 million in annual revenues; headcount removed not disclosed. MD&A also references a loss on the sale of one small operation within Residential Furnishings EBIT. | |||||
| 2005-03-31 | restructuring | in_progress | United States | Residential Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Segment EBIT decline attributed partly to restructuring charges; no employee count or charge amount disclosed for the quarter. | |||||
| 2005-03-31 | restructuring | in_progress | 2003-10-01 | United States | Commercial Fixturing & Components (Fixture & Display operations) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tactical improvement plan begun October 2003 covering operating efficiency, cost reduction and staffing; first-quarter restructuring charges were $1.6 million lower year over year. No employee counts disclosed; about $300 million of goodwill is associated with these operations. | ||||
| 2004-12-31 | restructuring | in_progress | USD 4 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Ongoing, routine restructuring: several facilities sold, consolidated or shut down over the last three years, none individually material to earnings. FY2004 charges of $4.1M to other deductions (including $3.9M severance net of proceeds and $0.2M PP&E write-downs), plus $3.0M severance/restructuring and $2.2M PP&E/inventory write-downs charged to cost of goods sold. Restructuring liabilities of $1.4M at year-end 2004; remaining expenditures expected below $2M with all activity complete within twelve months. Employee counts affected not disclosed. | ||||||
| 2004-12-31 | acquisition_addition | completed | Residential Furnishings; Commercial Fixturing & Components; Specialized Products | USD 46 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Nine businesses acquired during 2004 (~$72M annualized sales; $46.4M cash paid net of cash acquired, including $7.5M additional consideration for prior-year deals). Annualized sales by segment: ~$22M Residential Furnishings, ~$13M Commercial Fixturing & Components, ~$37M Specialized Products. Headcount added through these acquisitions is not disclosed. | |||||
| 2004-12-31 | restructuring | in_progress | 2005-12-31 | United States | Multiple segments; includes Fixture & Display operations | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2004 activity: $4.1M charged to other deductions (income), net, comprising $0.2M PP&E write-downs, $3.9M severance and other restructuring costs, net of proceeds. An additional $3.0M of severance and restructuring costs and $2.2M of PP&E/inventory write-downs were charged to cost of goods sold in 2004. No employee counts disclosed; future expenditures expected to be less than $2M and complete within twelve months. Restructuring liabilities at year-end were $1.4M. | |||
| 2004-12-31 | acquisition_addition | completed | United States and international | Residential Furnishings; Commercial Fixturing & Components; Specialized Products | USD 46 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nine businesses acquired during 2004 for $46.4M cash net of cash acquired, adding approximately $72M of annualized sales ($22M Residential Furnishings, $13M Commercial Fixturing & Components, $37M Specialized Products). Headcount added through these acquisitions is not disclosed. | ||||
| 2004-12-31 | restructuring | completed | 2004-01-01 | 2004-12-31 | Global | Multiple | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Total charges of $4.1 million for the year ended Dec 31, 2004, including $3.9 million for severance and other restructuring costs, and $0.2 million for write-downs of property, plant and equipment. Employee count not explicitly disclosed. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-01-01 | 2004-12-31 | Global | Residential Furnishings, Commercial Fixturing & Components, Specialized Products | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired nine businesses during 2004 representing approximately $72 million in annualized sales. Headcount not explicitly disclosed. | |||
| 2004-12-31 | restructuring | completed | 2004-12-31 | 2004-12-31 | Global | Various | USD 4 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Charged to other deductions (income), net: $4.1 million total including $3.9 million severance and other restructuring costs, $0.2 million write-downs of property, plant and equipment. No specific employee count disclosed. | ||
| 2004-12-31 | acquisition_addition | completed | 2004-12-31 | 2004-12-31 | Global | Residential Furnishings, Commercial Fixturing & Components, Specialized Products | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquired nine businesses during 2004. No specific headcount added disclosed. | |||
| 2004-06-30 | restructuring | completed | Residential Furnishings | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Modest restructuring expenses incurred; employee count not disclosed. | ||||||
| 2004-06-30 | restructuring | completed | Commercial Fixturing & Components | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Small restructuring charge incurred; employee count not disclosed. | ||||||
| 2004-06-30 | restructuring | completed | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Small restructuring charge incurred; employee count not disclosed. | ||||||
| 2004-06-30 | acquisition_addition | completed | Residential Furnishings | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired business designing/producing comforters and pillows; headcount not disclosed. | ||||||
| 2004-06-30 | acquisition_addition | completed | Germany | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired small German manufacturer of specialty sewing machines; headcount not disclosed. | |||||
| 2004-06-30 | acquisition_addition | completed | Specialized Products | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired two businesses producing automotive seating components in Q1; headcount not disclosed. | ||||||
| 2004-03-31 | restructuring | in_progress | 2003-10-01 | United States | Commercial Fixturing & Components (Fixture & Display operations) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tactical plan launched October 2003; identified about $20 million annualized savings from reduced headcount, vendor price reductions, and capacity utilization. No employee count or charge disclosed; MD&A also cites plant closure and restructuring costs offsetting gains. | ||||
| 2004-03-31 | acquisition_addition | completed | Specialized Products (automotive seating components) | USD 27 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two automotive seating component businesses acquired during the quarter, expected to add about $32 million annual segment revenue; three acquisitions totaling $26.9 million completed in Q1 2004. No headcount added disclosed. | |||||
| 2004-03-31 | restructuring | in_progress | 2003-10 | Commercial Fixturing & Components | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Tactical plan launched Oct 2003 to improve Fixture & Display operations; identified ~$20M annualized savings from reduced headcount, vendor price reductions, and optimized capacity. | |||||
| 2003-12-31 | acquisition_addition | completed | 2003 | Residential Furnishings (9 acquisitions, ~$60M annualized sales); Commercial Fixturing & Components (3, ~$140M); Specialized Products (3, ~$20M) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Fifteen businesses acquired during 2003 for $120.4 million cash net of cash acquired, adding roughly $220 million of annualized sales; the headcount added through these combinations is not disclosed. Purchase consideration is not a workforce charge, so charge fields are left null. | |||||
| 2003-12-31 | divestiture_reduction | completed | 2003 | Two small operations: one lumber company and one tubing fabrication facility (tubing fabrication sale associated with Industrial Materials segment) | MD&A f5-10k / GLM-5.3-flash-HTML | Two businesses sold during 2003 with approximately $23 million of annualized sales; headcount removed is not disclosed. Part of a combined divestiture/closure program carrying about $2 million of charges, offset by a $3 million gain on the tubing fabrication sale. | |||||
| 2003-12-31 | plant_closure | completed | 2003 | USD 2 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | The Company 'closed or consolidated six other facilities' during 2003, in addition to the two divestitures. Headcount affected is not disclosed. The ~$2 million charge covers the combined divestiture-and-closure program (one record per activity type to avoid double counting); Note M shows 2003 activity netting to a $0.6 million benefit after the $3 million divestiture gain. | |||||
| 2003-12-31 | plant_closure | announced | 2004 | MD&A f5-10k / GLM-5.3-flash-HTML | Certain facilities are under review and 'may be consolidated or closed during 2004'; no specific facilities, headcount, or charge amounts identified, with only modest charges anticipated. Tentative — no commitment disclosed as of filing. | ||||||
| 2003-12-31 | acquisition_addition | completed | United States, Canada, Mexico, Europe | Residential Furnishings; Commercial Fixturing & Components; Specialized Products | USD 120 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired businesses represent approximately $220 million in annualized sales ($60M Residential Furnishings, $140M Commercial Fixturing & Components, $20M Specialized Products). Largest was RHC Spacemaster (July 2003), expected to add at least $120 million in annualized sales. No headcount associated with the acquisitions is disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | United States | Residential Furnishings (lumber); Industrial Materials (tubing fabrication) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | One lumber company and one tubing fabrication facility divested; combined annualized sales of approximately $23 million. A $3 million gain on the tubing fabrication sale is reported in 2003 results. No employee counts disclosed. | |||||
| 2003-12-31 | plant_closure | completed | United States | Multiple segments | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Six facilities closed or consolidated during 2003, in addition to the two divestitures. Note M shows 2003 restructuring amounts of $1.2M PP&E write-downs, $0.1M goodwill write-off, and $(1.9)M net severance/proceeds, for a net $(0.6)M; MD&A states approximately $2 million of charges offset by a $3 million gain on the tubing sale. Year-end restructuring liability was $0.6 million. No employee counts disclosed; future expenditures on current restructurings expected to be less than $1 million. | ||||
| 2003-12-31 | restructuring | completed | 2003-01-01 | 2003-12-31 | Global | Multiple Segments | USD 2 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | During 2003, Leggett divested two small operations, and closed or consolidated six other facilities. Results include charges of approximately $2 million relating to these activities, offset by a $3 million gain on the sale of a tubing fabrication business. Employee count not disclosed. | ||
| 2003-12-31 | acquisition_addition | completed | 2003-01-01 | 2003-12-31 | Global | Multiple Segments | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired 15 businesses during 2003 representing approximately $220 million in annualized sales. Employee count not disclosed. | |||
| 2003-12-31 | restructuring | completed | 2003 | Global | Multiple Segments | USD -1 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Net income/deductions of $(0.6) million charged to other deductions. Includes $1.2 million write-downs of PP&E, $0.1 million goodwill write-off, and $(1.9) million severance and other costs net of proceeds. No specific employee count disclosed. | |||
| 2003-12-31 | acquisition_addition | completed | 2003 | Global | Residential Furnishings, Commercial Fixturing & Components, Specialized Products | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Acquired 15 businesses during 2003. No specific headcount added disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | 2003 | Global | Industrial Materials | discontinued_operations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sold two businesses (one lumber company, one tubing fabrication facility). No specific headcount removed disclosed. | ||||
| 2003-06-30 | acquisition_addition | completed | China | Residential Furnishings (innersprings and bedding machinery) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of three China acquisitions completed in Q2 2003; a manufacturer of innersprings and bedding machinery. No headcount disclosed; combined with two other China acquisitions expected to add roughly $18 million in annual revenues. | |||||
| 2003-06-30 | acquisition_addition | completed | China | Specialized Products (small electric motors for power lumbar systems) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of three China acquisitions completed in Q2 2003; producer of small electric motors used mainly in power lumbar systems. No headcount disclosed. | |||||
| 2003-06-30 | acquisition_addition | completed | China | Residential Furnishings (upholstered furniture components) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One of three China acquisitions completed in Q2 2003; producer of upholstered furniture components, extending the Company's first furniture mechanism plant in China. No headcount disclosed. | |||||
| 2003-06-30 | acquisition_addition | announced | 2003-07-01 | United States | Commercial Fixturing & Components (retail store fixtures) | USD 46 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase from bankruptcy of RHC Spacemaster assets for an initial $46 million; receivables, inventory and fixed assets acquired with no liabilities assumed. Anticipated incremental revenues of $100-120 million per year with roughly break-even earnings in the first twelve months. No headcount disclosed; announcement date approximate (first part of July 2003). | |||
| 2002-12-31 | restructuring | completed | 2000 | USD 15 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2002 tranche of the multi-year tactical plan announced Q3 2000 under which underperforming facilities were consolidated, closed or sold. FY2002 pretax charges of $14.9M comprise $12.5M fixed-asset and goodwill write-downs, $0.8M severance and other costs net of proceeds, and $1.6M inventory charges in cost of goods sold. Headcount affected is not quantified; MD&A references reduced full-time equivalent employment without numbers. Year-end restructuring reserve was $3.6M and liabilities were described as not material. | |||||
| 2002-12-31 | divestiture_reduction | completed | 2002 | Aluminum Products | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Three businesses sold during FY2002: one aluminum tool and die plant, one aluminum die cast plant, and the Company's only remaining aluminum smelting plant; associated annualized sales ~$40M. Headcount removed is not disclosed. Note C shows a $3.2M goodwill write-off related to the sale of facilities (also embedded in the $14.9M restructuring charge record above, so not double-counted here). | |||||
| 2002-12-31 | acquisition_addition | completed | 2002 | Multiple segments | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Seven businesses acquired during FY2002 for $45.6M cash (net of cash acquired) plus $2.5M assumed debt/other liabilities, adding ~$70M of annualized sales. Segment split: Residential Furnishings 2, Commercial Fixturing & Components 1, Aluminum Products 1 (buyout of a minority partner's 49% share of an already-consolidated Mexican die-casting JV, so no workforce consolidation change), Industrial Materials 2, Specialized Products 1. Headcount added is not disclosed. Separately, the Company acquired rod-mill assets of a bankrupt steel company (asset purchase recorded in property, plant and equipment expenditures). | |||||
| 2002-12-31 | restructuring | in_progress | United States | Consolidated — multiple segments | USD 15 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pretax restructuring charges for fiscal 2002 under the tactical plan announced in Q3 2000: $13.3M in other deductions (including $12.5M fixed asset and goodwill write-downs and $0.8M severance) plus $1.6M inventory charges in cost of goods sold. Employees affected not disclosed; year-end restructuring reserve was $3.6M. MD&A also cites reduced full-time equivalent employment as a cost action, without a count. | ||||
| 2002-12-31 | acquisition_addition | completed | United States and Mexico | Residential Furnishings; Commercial Fixturing & Components; Aluminum Products; Industrial Materials; Specialized Products | USD 46 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Seven businesses acquired during 2002 for $45.6M cash net of cash acquired, representing approximately $70M of annualized sales (Residential Furnishings ~$16M, Commercial Fixturing & Components ~$8M, Industrial Materials ~$43M, Specialized Products ~$4M), including buyout of a minority partner's 49% interest in a Mexican joint venture die casting facility. Headcount added not disclosed. Charge value shown is purchase consideration, not a severance or restructuring charge. | ||||
| 2002-12-31 | divestiture_reduction | completed | United States | Aluminum Products | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three Aluminum Products businesses sold during 2002 (one tool and die plant, one die cast plant, and the remaining aluminum smelting plant), representing approximately $40M of annualized sales; MD&A states the divestitures would not have a material impact on earnings. Headcount removed not disclosed. | |||||
| 2002-12-31 | restructuring | completed | 2000-09 | 2002-12-31 | Global | Multiple segments | USD 15 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Pretax restructuring charges of $14.9 million in 2002 associated with tactical plan announced in 2000. Includes $12.5M fixed asset/goodwill write-downs and $0.8M severance. Employee count not disclosed. | ||
| 2002-12-31 | acquisition_addition | completed | 2002-12-31 | 2002-12-31 | Global | Multiple segments | USD 46 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Seven businesses acquired in 2002 for $45.6 million cash. Employee count not disclosed. | ||
| 2002-12-31 | divestiture_reduction | completed | 2002-12-31 | 2002-12-31 | Global | Aluminum Products | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sold three businesses in Aluminum Products segment (tool/die plant, die cast plant, smelting plant). Annualized sales $40M. Employee count not disclosed. | |||
| 2002-12-31 | restructuring | completed | 2000-09-01 | USD 15 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Pretax restructuring charges of $14.9 million in 2002 associated with tactical plan announced in Q3 2000. Includes $12.5 million for fixed asset/goodwill write-downs and $0.8 million in severance/other costs. | |||||
| 2002-09-30 | restructuring | in_progress | 2002-09-30 | Aluminum Products (3 plants); Commercial Fixturing & Components (1 plant); Residential Furnishings (1 plant) | USD 10 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Divestiture or closure of five plants announced in Q3 2002; charges primarily asset write-downs, $8.1M in Other deductions and $1.7M in Cost of goods sold. Includes ~$3M goodwill write-off under FAS 142 for divested businesses. No employee counts disclosed. | ||||
| 2002-09-30 | divestiture_reduction | completed | 2002-09-30 | 2002-09-30 | Aluminum Products | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sold remaining aluminum smelting operation (~$30M annual revenues) and one aluminum tool & die operation in September 2002; pursuing possible sale of a die casting operation. Headcount impact not disclosed. | ||||
| 2002-09-30 | acquisition_addition | completed | 2002-09-30 | 2002-09-30 | Saltillo, Mexico | Aluminum Products | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Bought out minority partner's 49% share of consolidated joint venture die casting facility. Headcount added not disclosed. | |||
| 2002-09-30 | acquisition_addition | completed | 2002-09-30 | 2002-09-30 | Solon, Ohio | Industrial Materials | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Purchased wire drawing assets from North American Wire Products; expected to add ~$8M annual sales. Headcount added not disclosed. | |||
| 2002-09-30 | acquisition_addition | completed | 2002-09-30 | 2002-09-30 | Specialized Products (Automotive) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Purchased assets of a small producer of pneumatic and mechanical lumbar systems; expected to add ~$4M annual revenue. Headcount added not disclosed. | ||||
| 2002-09-30 | restructuring | in_progress | 2002-09-30 | United States | Aluminum Products; Commercial Fixturing & Components; Residential Furnishings | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced during Q3 2002: divestiture or closure of five plants (three Aluminum Products, one Commercial Fixturing & Components, one Residential Furnishings). Charges were primarily asset write-downs; $8.1M in other deductions, $1.7M in cost of goods sold. No employee counts disclosed; restructuring liabilities deemed immaterial. | |||
| 2002-09-30 | plant_closure | announced | 2002-09-30 | Wooster, Ohio, United States | Commercial Fixturing & Components — Fixture and Display facility serving telecom industry | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Facility idling announced as part of the five-plant restructuring program; no headcount disclosed. | ||||
| 2002-09-30 | divestiture_reduction | completed | 2002-09-30 | 2002-09-30 | United States | Aluminum Products — remaining aluminum smelting operation and one tool & die operation | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sold in September 2002; smelting operations had annual revenues of about $30 million. No headcount disclosed. A possible sale of one die casting operation was also being pursued. | |||
| 2002-09-30 | acquisition_addition | completed | 2002-09-30 | United States; Mexico | Aluminum Products; Industrial Materials; Specialized Products (automotive lumbar systems) | USD 45 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Seven businesses acquired for $44.5M cash (net of cash acquired) in the first nine months of 2002; three acquired in Q3 (49% JV buyout in Saltillo, Mexico; wire drawing assets adding ~$8M annual sales; lumbar systems assets adding ~$4M annual revenue). No headcount additions disclosed. | |||
| 2002-09-30 | restructuring | in_progress | 2002-09-30 | United States | Aluminum Products; Commercial Fixturing & Components; Residential Furnishings | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced divestiture or closure of five plants. Charges consisted primarily of asset write-downs. Employee count not disclosed. | |||
| 2002-03-31 | acquisition_addition | completed | United Kingdom | Residential Furnishings | USD 10 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two UK innerspring businesses acquired for $9.6M net of cash; combined annual revenue about $16M. No headcount added disclosed. | ||||
| 2001-12-31 | restructuring | in_progress | 3,700 | 2000-09-01 | United States | Multiple segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through December 2001 under tactical plan announced September 2000; reduced full-time equivalent headcount by approximately 3,700 excluding acquisitions; also consolidated or sold 20 facilities | |||
| 2001-12-31 | plant_closure | completed | 2000-09-01 | 2001-12-31 | United States | Multiple segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through December 2001 under tactical plan announced September 2000; consolidated or sold 20 facilities | |||
| 2001-12-31 | restructuring | in_progress | United States | Residential Furnishings | USD 7 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $6.5 million recorded in 2001; employee count not disclosed | ||||
| 2001-12-31 | restructuring | in_progress | United States | Commercial Furnishings | USD 9 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Restructuring charges of $8.9 million recorded in 2001; employee count not disclosed | ||||
| 2001-12-31 | acquisition_addition | completed | United States | Multiple segments | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 10 businesses acquired during 2001 representing annualized sales of approximately $160 million; headcount added not disclosed | |||||
| 2001-12-31 | restructuring | completed | 3,700 | 2000-09-01 | 2001-12-31 | Global | All Segments | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Tactical plan announced in September 2000. Through December 2001, reduced full time equivalent headcount by approximately 3,700 (excluding acquisitions). Consolidated or sold 20 facilities. | ||
| 2001-09-30 | restructuring | in_progress | 3,300 | 2000-09 | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Cumulative program-to-date figure: twelve facilities consolidated or sold, other operations restructured, and full-time-equivalent headcount reduced by approximately 3,300 excluding acquisitions, under a performance improvement plan announced in September 2000. Basis is FTE, not headcount; count is cumulative since announcement, not quarter-specific. | |||||
| 2001-09-30 | divestiture_reduction | completed | 2001-09-30 | Commercial Furnishings — Store Fixtures and Displays operations | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | During Q3 2001 the Company divested its consumer shelving and kitchen housewares businesses, small profitable operations with roughly $20 million in annual revenue. No employee count disclosed. | |||||
| 2001-09-30 | acquisition_addition | completed | 2001-09-30 | Residential Furnishings (2), Commercial Furnishings (3), Industrial Materials (1), Specialized Products (1) | USD 59 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Seven businesses acquired in the first nine months of 2001 for $58.9 million cash net of cash acquired, plus $12.5 million of assumed debt and other liabilities. No headcount added disclosed. Separately, one business with estimated annualized sales of about $53 million (steel tubing fabrication) was acquired during Q3 in Industrial Materials. | ||||
| 2001-09-30 | restructuring | in_progress | 3,300 | 2000-09-30 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative reduction of approximately 3,300 full-time equivalents under the tactical plan announced September 2000, excluding acquisitions; figure is cumulative to date, not a quarterly flow. | |||||
| 2001-09-30 | plant_closure | in_progress | 2000-09-30 | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Twelve facilities consolidated or sold under the tactical plan announced September 2000; no employee count disclosed for the closures. | ||||||
| 2001-09-30 | divestiture_reduction | completed | Commercial Furnishings — Store Fixtures and Displays | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divested during Q3 2001; businesses generated about $20 million in annual revenue; no headcount disclosed. | ||||||
| 2001-09-30 | acquisition_addition | completed | Industrial Materials | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One business acquired in Q3 2001 with estimated annualized sales of approximately $53 million; no headcount disclosed. | ||||||
| 2001-09-30 | acquisition_addition | completed | Multiple segments | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Seven businesses acquired in first nine months of 2001 for $58.9 million net of cash; two in Residential Furnishings, three in Commercial Furnishings, one in Industrial Materials, one in Specialized Products; no headcount disclosed. | ||||||
| 2001-09-30 | restructuring | in_progress | 3,300 | 2000-09 | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced full time equivalent headcount by approximately 3,300 (excluding acquisitions) as part of tactical plan announced in September 2000. | |||||
| 2001-09-30 | divestiture_reduction | completed | 2001-09-30 | Commercial Furnishings | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Divested consumer shelving and kitchen housewares businesses in Q3 2001. Employee count not disclosed. | |||||
| 2001-06-30 | restructuring | in_progress | 2000-09-01 | Company-wide | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Tactical plan announced September 2000 to improve performance and margins. Through Q2 2001 the company consolidated or sold ten facilities, restructured other operations, and reduced full-time-equivalent headcount by approximately 3,000 excluding acquisitions. Plan expected to continue for several quarters or longer. | |||||
| 2001-06-30 | restructuring | completed | Commercial Furnishings — Fixture and Display group | USD 4 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Non-recurring expense for restructuring and plant consolidation incurred in the Fixture and Display group during Q2 2001; no employee count disclosed. | |||||
| 2001-06-30 | acquisition_addition | completed | United Kingdom | Commercial Furnishings | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Acquired a UK designer and manufacturer of point-of-purchase store displays with estimated annualized sales of approximately $8 million; headcount not disclosed. | |||||
| 2001-06-30 | acquisition_addition | completed | Residential Furnishings (2), Commercial Furnishings (3), Specialized Products (1) | USD 38 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Six businesses acquired in first six months of 2001 for $38.4 million cash net of cash acquired, plus $13.6 million of assumed debt and other liabilities; headcount not disclosed. | |||||
| 2001-06-30 | restructuring | in_progress | 3,000 | 2000-09 | Not specified | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative reduction of approximately 3,000 full-time-equivalent positions (excluding acquisitions) since the tactical plan was announced; figure is FTE-based, not headcount, and is not scoped to the current quarter. No severance charge disclosed. | |||
| 2001-06-30 | plant_closure | in_progress | 2000-09 | Not specified | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Ten facilities consolidated or sold under the tactical plan; no facility-level headcount impact disclosed. | ||||
| 2001-06-30 | acquisition_addition | completed | United Kingdom | Commercial Furnishings | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | UK designer and manufacturer of point-of-purchase store displays acquired in Q2 2001; estimated annualized sales of approximately $8 million. No employee count disclosed. | |||||
| 2001-06-30 | acquisition_addition | completed | Not specified | Residential Furnishings (2), Commercial Furnishings (3), Specialized Products (1) | USD 38 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six businesses acquired during the first six months of 2001 for $38.4 million cash net of cash acquired, plus assumption of $13.6 million of acquired companies' debt and other liabilities. No headcount added disclosed. | ||||
| 2001-06-30 | restructuring | in_progress | Not specified | Commercial Furnishings — Fixture and Display group | USD 4 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Non-recurring restructuring and plant consolidation expense incurred in Q2 2001; no employee count disclosed. | ||||
| 2001-06-30 | restructuring | in_progress | 3,000 | 2000-09-01 | Global | All segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced full time equivalent headcount by approximately 3,000 (excluding acquisitions) as part of tactical plan announced in September 2000. | |||
| 2001-06-30 | plant_closure | completed | Global | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Consolidated or sold ten facilities as part of performance improvement plan. | |||||
| 2001-06-30 | acquisition_addition | completed | United Kingdom | Commercial Furnishings | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired one business in Q2 2001; headcount not disclosed. | |||||
| 2001-03-31 | restructuring | in_progress | 1,700 | 2000-09-01 | Company-wide | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Full-time-equivalent headcount reduced by approximately 1,700 under the September 2000 tactical plan, excluding headcount added via acquisitions. Company expects to continue the tactical course for several quarters and possibly longer. | ||||
| 2001-03-31 | plant_closure | in_progress | 2000-09-01 | Company-wide | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nine plants sold, closed, or consolidated under the tactical plan announced in September 2000. No employee counts disclosed for these actions. | |||||
| 2001-03-31 | restructuring | in_progress | 1,700 | 2000-09-30 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative reduction of about 1,700 full-time-equivalent headcount since the September 2000 tactical plan, excluding acquisitions; no severance charge or completion date disclosed. Filer uses FTE basis. | |||
| 2001-03-31 | plant_closure | in_progress | 2000-09-30 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine plants sold, closed, or consolidated under the September 2000 performance-improvement plan; associated employee counts not disclosed. Related to the 1,700 FTE reduction record above. | ||||
| 2001-03-31 | acquisition_addition | completed | United States | Residential Furnishings; Commercial Furnishings; Specialized Products | USD 36 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Five businesses acquired during Q1 2001 for $36.1 million cash net of cash acquired, with $9.6 million of assumed debt and liabilities; estimated annualized sales of about $61 million. Headcount added not disclosed; charge shown is purchase price, not a workforce charge. | ||||
| 2001-03-31 | restructuring | in_progress | 1,700 | 2000-09-01 | Global | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced full time equivalent headcount by approximately 1,700 (excluding acquisitions) as part of tactical plan announced in September 2000. | |||
| 2001-03-31 | plant_closure | completed | Global | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Sold, closed, or consolidated nine plants as part of tactical plan. | |||||
| 2001-03-31 | acquisition_addition | completed | Global | Residential Furnishings, Commercial Furnishings, Specialized Products | USD 36 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquired five businesses for $36.1 million in cash. Headcount not explicitly disclosed. | ||||
| 2000-12-31 | acquisition_addition | completed | United States and international | Residential Furnishings, Commercial Furnishings, Aluminum Products, Industrial Materials, Specialized Products | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 21 businesses acquired during 2000 for $252.3M cash net of cash acquired plus 268,791 shares; headcount added not disclosed. | |||||
| 2000-12-31 | plant_closure | in_progress | United States | Aluminum Products | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Plant closure costs cited as a driver of reduced Aluminum Products EBIT in 2000; one aluminum raw materials plant sold in late 2000. Employee counts not disclosed. | |||||
| 2000-12-31 | restructuring | in_progress | 2000-09-30 | United States and international | All segments | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tactical plan announced end of Q3 2000 to fix underperforming businesses; operations that cannot be fixed will be consolidated, closed or sold. No employee counts or charges disclosed. | ||||
| 2000-06-30 | acquisition_addition | completed | United States | Specialized Products; Commercial Furnishings; Residential Furnishings; Aluminum Products | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company invested $203.4 million (net of cash acquired) in the first six months of 2000 to acquire thirteen businesses; seven businesses with annualized sales of about $255 million were acquired in Q2 2000. No employee headcount added was disclosed. | |||||
| 1999-12-31 | acquisition_addition | completed | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | 29 businesses acquired during 1999, accounted for as purchases, for $290.1 million cash (net of cash acquired) plus 1,227,500 common shares valued at $25.8 million; company also assumed $54.2 million of acquired companies' debt. Item 1 states annualized sales of acquired businesses of ~$480 million (Commercial Furnishings $250M, Residential Furnishings $190M, Specialized Products $30M, Industrial Materials $10M); MD&A notes about half of investment was in Commercial Furnishings and ~40% in Residential Furnishings. Acquisitions occurred throughout the year (no single announcement date); headcount added through these combinations is not disclosed. | |||||||
| 1999-12-31 | acquisition_addition | completed | United States and international | Commercial Furnishings, Residential Furnishings, Specialized Products, Industrial Materials | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 29 businesses acquired during 1999 representing annualized sales of about $480 million; headcount added through these acquisitions not disclosed | |||||
| 1999-12-31 | acquisition_addition | completed | 1999-12-31 | Global | Commercial Furnishings, Residential Furnishings, Specialized Products, Industrial Materials | USD 290 (millions) | Item 1. Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquired twenty-nine businesses during the year. Cash consideration net of cash acquired was $290.1 million. Specific headcount not disclosed. | |||
| 1999-09-30 | acquisition_addition | completed | United States and international | Multiple segments | USD 233 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company invested $233.0 million net of cash acquired and issued 885,704 shares to acquire 21 businesses in the nine months ended 1999-09-30; acquired businesses had annualized volume of about $390 million. Headcount added through these acquisitions is not disclosed. | ||||
| 1999-09-30 | other | in_progress | other f5-10q / Qwen3.6-27B-Q8_0 | Unfair labor complaint filed by NLRB prior to acquisition; administrative decision rendered against subsidiary and upheld by courts. Company pursuing actions to resolve. | |||||||
| 1999-03-31 | acquisition_addition | completed | 1999-02-11 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company issued 846,136 shares to acquire Nagle Industries, Inc.; no employee count disclosed. | |||||
| 1999-03-31 | acquisition_addition | completed | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states three businesses were acquired in Q1 1999 for $27.1M net of cash; only Nagle Industries is named and no headcount figures are given. | |||||||
| 1998-12-31 | acquisition_addition | completed | United States | Multiple segments (Residential Furnishings, Commercial Furnishings, Aluminum Products, Industrial Materials, Specialized Products) | USD 117 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Seventeen businesses acquired during 1998 with aggregate annualized sales of approximately $300 million; consideration was $117.1 million cash net of cash acquired plus 2,741,480 shares valued at $59.8 million. Headcount added not disclosed. | ||||
| 1998-12-31 | acquisition_addition | announced | 1999-01-01 | 1999-02-28 | United States | Multiple segments | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three additional businesses acquired in the first two months of 1999 (subsequent to fiscal year-end); headcount added not disclosed | |||
| 1998-03-31 | acquisition_addition | completed | 1998-01-30 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | 974,638 shares issued to acquire Cumulus Fibres, Inc.; no headcount disclosed. MD&A reports 10 acquisitions total in Q1 1998. | |||||
| 1998-03-31 | acquisition_addition | completed | 1998-02-04 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | 1,591,266 shares issued to acquire Syndicate Systems, Inc.; no headcount disclosed. | |||||
| 1998-03-31 | acquisition_addition | completed | 1998-02-11 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | 65,934 shares issued to acquire American Innerspring, Co.; no headcount disclosed. | |||||
| 1998-03-31 | acquisition_addition | completed | 1998-03-02 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | 183,892 shares issued to acquire B&C Die Cast, Inc.; no headcount disclosed. | |||||
| 1997-12-31 | acquisition_addition | completed | United States, Canada, Mexico | Furnishings, Diversified | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Thirty businesses acquired during 1997 (28 purchase-accounted, 2 poolings) for $171.6 million cash net of cash acquired plus 3.0 million shares; acquired headcount not disclosed. Item 1 separately reports 39 businesses acquired in 1997 and the first ten weeks of 1998 with aggregate annualized sales of approximately $560 million. | |||||
| 1997-09-30 | acquisition_addition | completed | 1997-07-09 | United States | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | 8,642 shares issued under Section 4(2) to acquire Family Frames, Inc.; no employee count disclosed. | |||||
| 1997-09-30 | acquisition_addition | completed | 1997-07-15 | United States | USD 2 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 1,788,585 shares issued to acquire Cambridge Tool and Manufacturing Co.; pre-tax merger costs of $2.4 million charged to Q3 1997; no employee count disclosed. | ||||
| 1997-03-31 | acquisition_addition | completed | 1997-03-27 | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Die Cast Products, Inc. completed March 27, 1997. Headcount added not disclosed. | ||||||
| 1996-12-31 | acquisition_addition | completed | 1996-05-13 | 1996-05-13 | United States (Fayetteville, Arkansas) | Aluminum Group — aluminum die cast components | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Pooling-of-interests acquisition completed May 13, 1996 via issuance of 5,134,092 shares; employee headcount added was not disclosed. Merger-related costs of $26.6 million pre-tax ($16.4 million after-tax) were recorded in 1996, including $12 million pre-tax compensation expense from exercise of Pace employee stock options at $.01 per share. | |||
| 1996-12-31 | acquisition_addition | completed | 1996 | Furnishings and diversified products (incl. store fixtures, aluminum die castings, non-woven textiles, bedding and furniture components) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Consolidated record for thirteen acquisitions completed at various dates during 1996 (named examples include Steadley Company, Latrobe Plastics, Excell Store Fixtures and Slot All Limited): twelve asset purchases for $89.7 million cash plus 2,128,124 shares and equivalents, and one pooling transaction via 562,429 shares. Individual employee headcounts added were not disclosed. | |||||
| 1996-12-31 | acquisition_addition | completed | 1996-05-13 | 1996-05-13 | United States (Fayetteville, Arkansas) | Aluminum Group | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pace Holdings, Inc. acquired via pooling of interests; headcount added not disclosed | |||
| 1996-12-31 | acquisition_addition | completed | United States and Canada | Multiple (furnishings and diversified markets) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Thirteen additional acquisitions during 1996; headcount added not disclosed | |||||
| 1996-09-30 | other | in_progress | 81 | 1996-01-03 | United States | Aluminum / Die Casting | other f5-10q / Qwen3.6-27B-Q8_0 | NLRB affirmed order requiring recognition of union and reinstatement of 61 employees, with back pay for 81 individuals. Subsidiary intends to appeal. | |||
| 1996-06-30 | acquisition_addition | completed | 1996-05-01 | United States | Aluminum die cast components (non-automotive) | USD 27 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pooling-of-interests acquisition of Pace Holdings; 5,134,092 shares issued. Headcount added not disclosed. Charge comprises $12.0 pre-tax stock option/bonus compensation expense and $14.6 pre-tax other merger expense. | |||
| 1996-06-30 | other | in_progress | 81 | 1993-05-01 | United States | Manufacturing | other f5-10q / Qwen3.6-27B-Q8_0 | NLRB complaint regarding refusal to hire 81 former union employees of acquired subsidiary Universal Die Casting. Administrative law judge ordered reinstatement of 61 employees. Company intends to appeal. | |||
| 1995-12-31 | acquisition_addition | completed | 1995 | Furnishings products — components manufacturing and distribution | USD 29 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Seven purchase acquisitions of companies that primarily manufacture and distribute components to the furnishings industry; cash consideration of $28.7 million net of cash acquired plus 354,448 shares issued. Headcount added is not disclosed. Together with the pooling acquisition, Item 1 states the eight 1995 acquisitions expanded the annual sales base by approximately $80 million. | ||||
| 1995-12-31 | acquisition_addition | completed | 1995 | Formed wire products (furnishings industry) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Pooling-of-interests acquisition of a business manufacturing and distributing formed wire products to the furnishings industry; 325,000 common shares issued. Company states the effect was not material; headcount added is not disclosed. | |||||
| 1995-12-31 | acquisition_addition | completed | United States | Furnishings components | USD 29 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Eight acquisitions completed in 1995 for approximately $28.7 million cash (net of cash acquired) and 679,448 shares; expanded annual sales base by approximately $80 million. Headcount added not disclosed. |