Restructuring Costs

12 Months Ended

Sep. 30, 2013

14. Restructuring Costs

Headwaters recorded restructuring costs in 2011 and 2012 as a result of actions taken to lower operating costs and improve operational efficiency, primarily in the light building products segment. As reflected in the following table, the charges represent costs for workforce reductions and related severance expenses, facility closures and consolidations, and certain asset impairments and write-downs. The restructuring was initiated in 2011 primarily due to the depressed new housing and residential remodeling markets. This restructuring effort was completed in the March 2012 quarter and no additional restructuring costs related to the 2011 actions have been incurred since then.

(in thousands)	Expenses incurred in 2011		Expenses incurred in 2012		Total expenses incurred

Workforce reductions and related severance expenses	$	4,124	$	519	$	4,643
Facility closures and consolidations		7,213		838		8,051
Asset impairments and write-downs		6,593		788		7,381

Total restructuring costs	$	17,930	$	2,145	$	20,075

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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