XML 30 R12.htm IDEA: XBRL DOCUMENT v3.3.1.900
Restructuring And Other Costs
 12 Months Ended
Oct. 31, 2015
Restructuring and Related Activities [Abstract]  
Restructuring and Other Costs
Restructuring and Other Related Costs
The following table provides details of the Company’s restructuring and other related costs (in thousands):
 
Fiscal Year Ended
 
October 31,
2015
 
November 1, 2014
 
October 26, 2013
Goodwill impairment
$
—

 
$
83,382

 
$
—

Severance and benefits
—

 
(1,788
)
 
20,413

Contract terminations and other
—

 
—

 
3,981

Lease loss reserve and related costs (benefits)
(678
)
 
7,686

 
1,070

Restructuring, goodwill impairment, and other related costs (benefits)
$
(678
)
 
$
89,280

 
$
25,464


The following table provides a reconciliation of the Company’s beginning and ending restructuring liability balances (in thousands):
 
Fiscal 2013 Fourth Quarter Restructuring Plan
 
Other 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 26, 2013
$
15,216

 
$
416

 
$
—

 
$
1,794

 
$
17,426

Restructuring and other charges
18

 
—

 
7,686

 
—

 
7,704

Cash payments
(13,258
)
 
(374
)
 
(3,600
)
 
(800
)
 
(18,032
)
Other adjustments, net
(1,805
)
 
—

 
—

 
—

 
(1,805
)
Translation adjustment
—

 
—

 
(137
)
 
—

 
(137
)
Restructuring liabilities at November 1, 2014
171

 
42

 
3,949

 
994

 
5,156

Restructuring and other charges
—

 
—

 
(519
)
 
(159
)
 
(678
)
Cash payments
—

 
(42
)
 
(1,411
)
 
(427
)
 
(1,880
)
Other adjustments, net
(27
)
 
—

 
—

 
—

 
(27
)
Translation adjustment
(34
)
 
—

 
(208
)
 
—

 
(242
)
Restructuring liabilities at October 31, 2015
$
110

 
$
—

 
$
1,811

 
$
408

 
$
2,329

 
 
 
 
 
 
 
 
 
 
Current restructuring liabilities at October 31, 2015
$
110

 
$
—

 
$
644

 
$
336

 
$
1,090

Non-current restructuring liabilities at October 31, 2015
$
—

 
$
—

 
$
1,167

 
$
72

 
$
1,239


Fiscal 2013 Fourth Quarter Restructuring Plan
During the fiscal year ended October 26, 2013, and the first quarter of fiscal year 2014, the Company restructured certain business operations and reduced 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 restructuring plan included a workforce reduction of approximately 250 employees, primarily in the engineering, sales, and marketing organizations, as well as the cancellation of certain nonrecurring engineering agreements and exit from certain leased facilities. The Company substantially completed the restructuring plan by the end of the first quarter of fiscal year 2014.
Other Restructuring Plans
The Company also 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 2021.
General
The Company reevaluates its estimates and assumptions on a quarterly basis and makes adjustments to the restructuring liabilities balance if necessary. During the fiscal year ended October 31, 2015, the Company reversed approximately $0.7 million of charges related to estimated facilities lease losses primarily due to favorable changes in expected sublease terms and other related assumptions.
The restructuring and other related charges are included in “Restructuring, goodwill impairment, and other related costs (benefits)” on the Company’s Consolidated Statements of Income.