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DXYN > SEC Filings for DXYN > Form 8-K on 13-Jun-2014All Recent SEC Filings

Show all filings for DIXIE GROUP INC



Costs Associated with Exit or Disposal Activities

ITEM 2.05 Exit or Disposal Activities

The Company has revised its previously announced 2014 Warehouse/Distribution/Manufacturing Restructuring Plan to include the elimination of both carpet dyeing and yarn dyeing at its Atmore facility. The Company's revised plan increased its estimate of restructuring expenses that it will recognize in 2014 and 2015. As currently planned, all dyeing operations will be moved to other Company facilities, and to certain outside processors.

As a consequence of implementation of the revised plan, the Company estimates that it will incur an additional restructuring expense in 2014 of $896,200 in asset write-downs (non-cash) and $610,000 in expenses related to facility restoration, relocation and severance expenses and in 2015 added distribution relocation and facility restoration expenses of $807,800. The plan, as revised, is expected to be completed in the second quarter of 2015.

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