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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DMI Furniture also carried a ready-to-assemble line of kitchen, dining, bedroom, home office, and outdoor products under the brand name Home Styles. From one small factory in Minneapolis to a nationwide five-plant, global sourcing network, Flexsteel is truly an American success story. This is a company with a proud history and a brilliant future.
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