Einstein Bros 2003 Annual Report Download - page 68

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http://www.sec.gov/Archives/edgar/data/949373/000104746904009609/a2132006z10-k.htm[9/11/2014 10:13:55 AM]
Category
Balance as of
December 31,
2002
Application of
costs against
accrual
Underaccrual
Additional
Expense
Overaccrual
Expense
Reduction
Balance as of
December 30,
2003
(amounts in thousands)
Facility consolidation costs $ 1,447 $ (160) $ 2,413 $ — $ 3,700
Severance costs 125 (90) — (35) —
Contract termination and other 132 (68) — (33) 31
Total $ 1,704 $ (318) $ 2,413 $ (68) $ 3,731
The following table displays the activity and balances of the 2002 restructuring accrual account for fiscal 2002:
Category
Initial Accrual
Application of
costs against
accrual
Underaccrual
Additional
Expense
Overaccrual
Expense
Reduction
Balance as of
December 31,
2002
(amounts in thousands)
Facility consolidation costs $ 1,447 $ — $ — $ — $ 1,447
Severance costs 787 (662) — — 125
Contract termination and other 300 (168) — — 132
Total $ 2,534 $ (830) $ — $ — $ 1,704
During the quarter ended July 3, 2001, we implemented a plan to consolidate our two dough manufacturing facilities on the West Coast,
eliminate duplicative labor lines of assembly, and terminate certain lease obligations inclusive of several restaurant and other locations. We
recorded a $4.4 million charge associated with this restructuring plan. Approximately $1.0 million of this charge represented a write-off of
equipment and leasehold improvements that were either abandoned or deemed unusable by us. As of December 30, 2003, we anticipate the
remaining lease liabilities to expire on or before October of 2006.
The following tables display the 2003, 2002, 2001 activity and balances of the 2001 restructuring accrual account:
Category
Balance as of
December 31,
2002
Application of
costs against
accrual
Underaccrual
Additional
Expense
Overaccrual
Expense
Reduction
Balance as of
December 30,
2003
(amounts in thousands)
Facility consolidation costs $ 311 $ (266) $ — $ (32) $ 13
Severance costs 7 — — (7) —
Contract termination and other 7 (14) 7 — —
Store lease termination 739 (229) — (181) 329
Total $ 1,064 $ (509) $ 7 $ (220) $ 342
F-40
Category
Balance as of
January 1,
2002
Application of
costs against
accrual
Underaccrual
Additional
Expense
Overaccrual
Expense Reduction
Balance as of
December 31,
2002
(amounts in thousands)
Facility consolidation costs $ 379 $ (68) $ — $ — $ 311
Severance costs 151 (229) 85 — 7
Contract termination and other 58 (94) 43 — 7
Store lease termination 2,348 (907) 445 (1,147) 739