Subsequent Events (Notes) |
12 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Subsequent Events
On November 3, 2016, Batesville announced the planned closure of its smaller wood casket manufacturing facility in Panola County, Mississippi. The planned closing results from changing consumer attitudes and preferences in the funeral industry over the past several decades, as consumers continue to choose cremation over burial at an increased rate and metal caskets more often than wood. In 2016, it is estimated that less than 50% of families in North America will choose burial for their loved one, a decline of almost 15 percent over the past decade. Although there are geographic differences, the majority of those will purchase a metal casket. The Panola plant is expected to close in March of 2017. As a result of this action, the Company expects restructuring and restructuring related charges of approximately $9 to $11 in 2017, primarily related to severance and asset write-downs.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|