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Restructuring Charges (Benefits) Restructuring Charges (Benefits)
9 Months Ended
Jul. 29, 2017
Restructuring and Related Activities [Abstract]  
Restructuring Charges (Benefits)
Restructuring Charges (Benefits)
The following table provides details of “Restructuring charges (benefits)” included in the Company’s Condensed Consolidated Statements of Operations (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
July 29,
2017
 
July 30,
2016
 
July 29,
2017
 
July 30,
2016
Severance and other employee termination costs related to employee voluntary separation plan
$
17,801

 
$

 
$
17,801

 
$

Lease loss reserve and related benefits

 

 

 
(566
)
Total restructuring charges (benefits)
$
17,801

 
$

 
$
17,801

 
$
(566
)

Fiscal 2017 Third Quarter Employee Voluntary Separation Plan
During the third quarter of fiscal year 2017, the Company implemented a voluntary separation plan for certain eligible employees in the United States and India to reduce the Company’s operating expense structure. The voluntary separation plan was approved by the Company’s management and communicated to the eligible employees in May 2017. Approximately 230 employees accepted the terms of the voluntary separation plan. As a result, the Company recorded aggregate charges of $17.8 million for severance and other employee termination costs during the third quarter of fiscal year 2017. The voluntary separation plan was substantially completed in the third quarter of fiscal year 2017. As of July 29, 2017, the cash payments remaining to be made under the plan total $3.8 million, substantially all of which are expected to be made by the end of the first quarter of fiscal year 2018, and are reported within “Accrued employee compensation” on the Company’s Condensed Consolidated Balance Sheets.