In 2003, Flexsteel purchased DMI Furniture, Inc., a design, manufacturing and marketing company offering home bedroom and dining room furniture and commercial office furniture. dmi furniture also carried a ready-to-assemble line of kitchen, dining, bedroom, home office, and outdoor products under the brand name Home Styles.
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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