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BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES
3 Months Ended
May 03, 2015
BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES  
BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

NOTE 8—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.

 

During the three months ended May 4, 2014, the Company continued restructuring activities under this plan, resulting in a restructuring charge of $3 million. These charges were recorded to operating expenses within the Consolidated Statement of Operations and Comprehensive Income (Loss). During fiscal 2014, the Company completed the restructuring activities under this plan.