BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

6 Months Ended

Aug. 02, 2015

BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

BRANCH CLOSURE AND CONSOLIDATION ACTIVITIES

NOTE 9—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 in the global support center and, to a lesser extent, its business units.

During fiscal 2014, the Company continued restructuring activities under this plan, resulting in a restructuring charge of $3 million and $6 million in the three and six months ended August 3, 2014, respectively, for additional workforce reductions of approximately 130 employees, primarily at Facilities Maintenance and the consolidation of six Construction & Industrial — White Cap branches into three branches. These charges were recorded to operating expenses within the Consolidated Statement of Operations and Comprehensive Income. During fiscal 2014, the Company completed the restructuring activities under this plan.