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The previously mentioned $2.5 million non-cash expense due to the termination and settlement of a defined benefit plan associated with the prior wholly owned subsidiary, DMI Furniture, Inc..
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Flexsteel Industries is a company that dates to 1893, and has evolved from a small Minneapolis furniture manufacturer to a major global furnishing network that offers a complete line of furniture products for bedrooms, dining rooms, home offices, backyards and more. From recliners, sectionals and sofa beds to seating for vans and recreational.
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Flexsteel Industries, Inc. manufactures and sells wooden and upholstered furniture for the retail, contract, and recreational vehicle (rv) furniture markets. The Company’s products are sold to.