Restructuring And Other Charges

12 Months Ended

Oct. 26, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Other Chargers

Restructuring and Other Charges

The following table provides details of the Company’s restructuring and other charges (in thousands):

	Fiscal 2013 Fourth Quarter Restructuring Plan									Prior Restructuring Plans
	Severance and Benefits			Contract Terminations and Other			Lease Loss Reserve and Related Costs			Lease Loss Reserve and Related Costs			Total
Restructuring liabilities at October 29, 2011	$	—		$	—		$	—		$	3,952		$	3,952
Cash payments	—			—			—			(1,334		)	(1,334		)
Other adjustments, net	—			—			—			(36		)	(36		)
Restructuring liabilities at October 27, 2012	—			—			—			2,582			2,582
Restructuring and other charges	20,413			3,981			1,070			—			25,464
Cash payments	(5,197		)	(3,565		)	(1		)	(788		)	(9,551		)
Non-cash charges	—			—			(1,069		)	—			(1,069		)
Restructuring liabilities at October 26, 2013	$	15,216		$	416		$	—		$	1,794		$	17,426
Current restructuring liabilities at October 26, 2013	$	15,216		$	416		$	—		$	786		$	16,418
Non-current restructuring liabilities at October 26, 2013	$	—		$	—		$	—		$	1,008		$	1,008

Fiscal 2013 Fourth Quarter Restructuring Plan

During the fiscal year ended October 26, 2013, the Company reevaluated its business model to restructure certain business operations, reorganize certain business units within the Company, and reduce the Company’s operating expense structure. The restructuring plan was approved by the Company’s management and communicated to the Company’s employees in September 2013. The plan included a workforce reduction of approximately 250 employees, primarily in the engineering, sales, and marketing organizations, as well as the cancellation of certain non-recurring engineering agreements and exit from certain leased facilities.

In connection with the plan, the Company incurred aggregate charges of $25.5 million as of October 26, 2013, primarily related to severance and benefits charges. We expect to incur total charges of approximately $35.0 million, with future costs primarily related to lease loss reserve and related costs, by the expected completion of the plan by the end of the first quarter of 2014.

Severance and benefits charges incurred during the quarter ended October 26, 2013, consisted of severance and related employee termination costs, including salary and other compensation payments to the employees during their post-notification retention period, as well as outplacement services, associated with the reduction of the Company’s workforce. The post-notification retention period for the employees terminated under the plan did not exceed the legal notification period, or in the absence of a legal notification requirement, 60 days. Contract terminations and other charges were primarily related to the cancellation of certain contracts in connection with the restructuring of certain business functions. Lease loss reserve and related costs were primarily related to the loss on cancellation of the right of first offer to purchase an unimproved parcel.

The Company reevaluates its estimates and assumptions on a quarterly basis and makes adjustments to the restructuring liabilities balance if necessary. No material changes in estimates were made to the fiscal 2013 fourth quarter restructuring plan accrual. The Company expects to pay or otherwise substantially settle the remaining accrued liabilities during the next fiscal year.

The above restructuring and other related charges are included in “Restructuring and other costs (recoveries)” on the Consolidated Statements of Income.

Prior Restructuring Plans

During the fiscal years prior to fiscal year 2013, the Company recorded charges related to estimated facilities lease losses, net of expected sublease income, due to consolidation of real estate space as a result of acquisitions.

Cash payments for facilities that are part of the Company’s lease loss reserve are expected to be paid over the respective lease terms through fiscal year 2017.