Note 13 – Restructuring

On December 5, 2013, the Company announced the acceleration of its plans to consolidate certain facilities and create cost efficiencies through shared services in sales, general and administrative and support functions. These integration activities are expected to result in charges and expenses of approximately $40 million. The Company expects to incur costs of $20 million to $25 million in fiscal 2014 to support these efforts, with the balance to be incurred in fiscal 2015. The costs are mainly for exit and relocation of facilities, losses on the write off of certain property, plant and equipment, and severance. In the first nine months of fiscal 2014, restructuring expense totaled $14.3 million, as more fully described in the following table.

(In thousands)			Write Off of
	Exit &		of Property,
	Relocation		Plant &
	of Facilities		Equipment		Severance		Total

Cost of sales	$	4,029	$	9	$	-	$	4,038
Restructuring charges		2,866		2,542		4,871		10,279
Total	$	6,895	$	2,551	$	4,871	$	14,317

The Company has recorded an accrued liability for $6.4 million for these activities as of August 1, 2014.

(In thousands)	Accrued
	Liabilities
Beginning Balance as of October 25, 2013	$	-
Amounts accrued and incurred		14,317
Amounts paid		(5,313	)
Write-off		(2,542	)
Currency translation adjustment		(37	)
Ending Balance as of August 1, 2014	$	6,425