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BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES
12 Months Ended
Feb. 01, 2015
BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES  
BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

NOTE 13—BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

        During the fourth quarter of fiscal 2013, management evaluated the cost structure of the Company and identified opportunities to reduce costs across its businesses, primarily through a workforce reduction of approximately 150 employees in the Power Solutions business, global support center and, to a lesser extent, its other businesses. As a result, the Company recorded a restructuring charge of $12 million, which included $9 million for employee-related charges, primarily severance, and $3 million for inventory liquidation related to discontinued products at Power Solutions. The inventory liquidation charges were recorded to Cost of sales and all other restructuring charges were recorded to operating expenses within the Consolidated Statements of Operations and Comprehensive Income (Loss).

        During fiscal 2014, the Company completed the restructuring activities under this plan, resulting in restructuring charges of $7 million for additional workforce reductions of approximately 150 employees, primarily at Facilities Maintenance and Power Solutions, and the consolidation of six Construction & Industrial—White Cap branches into three branches. These charges were recorded as restructuring within the Consolidated Statements of Operations and Comprehensive Income (Loss). The Company expects the costs of these restructuring actions will be recovered through cost savings in less than one year. The Company does not expect to incur additional restructuring charges under this plan.