Restructuring Charges

9 Months Ended

Apr. 30, 2017

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

The Company did not incur any restructuring charges during the three and nine months ended April 30, 2017. The Company incurred $4.1 million and $12.6 million of restructuring charges during the three and nine months ended April 30, 2016, respectively. The Company recorded $0.8 million in Cost of sales and the remaining $3.3 million in Operating expenses for three months ended April 30, 2016 and $4.9 million in Cost of sales and the remaining $7.7 million in Operating expenses for the nine months ended April 30, 2016. The Engine Products segment incurred $1.2 million and $7.2 million of restructuring charges for the three and nine months ended April 30, 2016, respectively. The Industrial Products segment incurred $2.9 million and $5.4 million of restructuring charges for the three and nine months ended April 30, 2016. These charges consisted of one-time termination benefits from restructuring salaried and production workforce in all geographic regions, closing a production facility in Grinnell, Iowa and the abandonment and write-off of a partially completed facility in Xuzhou, China. As the Company’s restructuring actions were mainly incurred and paid in the same period, there was no material liability balance as of either of the periods presented.