XML 23 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Restructuring and Severance Charges
6 Months Ended
Oct. 27, 2017
Restructuring and Related Activities [Abstract]  
Restructuring and Severance Charges
Restructuring and Severance Charges
In the second half of fiscal 2017, we incurred severance charges related to a reduction of personnel as part of the Company's overall strategic initiatives, including the sale of the Restaurants Business. Severance charges associated with employees who worked in shared service functions were recorded in the general and administrative line of the Consolidated Statements of Net Income, while charges associated with employees who supported the Restaurants Business were recorded in results from discontinued operations.
Liabilities associated with severance charges as of October 27, 2017 were $498 and are recorded in the accrued wages and related liabilities line of the Consolidated Balance Sheet. The majority of these liabilities are expected to be paid in fiscal 2018.
See tables below for detail of restructuring activity for the six months ended October 27, 2017, and October 28, 2016, respectively:
(in thousands)
Restructuring charges
Balance at April 28, 2017
$
2,800

Restructuring and related severance charges incurred

Amounts paid
(1,974
)
Adjustments
(328
)
Balance at October 27, 2017
$
498

(in thousands)
Restructuring charges
Balance at April 29, 2016
$
2,698

Restructuring and related severance charges incurred (1)
807

Amounts paid
(2,333
)
Adjustments
(42
)
Balance at October 28, 2016
$
1,130


(1) Restructuring charges of $807 were recorded in discontinued operations for the six months ended October 28, 2016, related to charges incurred for closed restaurants.