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Restructuring Charges
9 Months Ended
Jul. 01, 2016
Restructuring And Related Activities [Abstract]  
Restructuring Charges

Restructuring Charges

During the second quarter of fiscal 2015, the Company began implementing a series of initiatives intended to improve operational efficiency, reduce costs, and better position itself to drive growth of the business in the future (the "2015 Restructuring"). The 2015 Restructuring was not completed in fiscal 2015, and actions related to the 2015 Restructuring continued into fiscal 2016. Actions related to the 2015 Restructuring completed during fiscal 2015 and the first nine months of fiscal 2016 include involuntary terminations, the abandonment of certain leased offices, combining operational organizations, and the co-location of employees into other existing offices. We are not exiting any service types or client end-markets in connection with the 2015 Restructuring.

 

The costs of the 2015 Restructuring are included in SG&A expense in the Consolidated Statements of Earnings. The following table summarizes the impact of the 2015 Restructuring on the Company's reportable segments for the three and nine month periods ended July 1, 2016 (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

July 1, 2016

 

 

July 1, 2016

 

Petroleum & Chemicals

$

21,774

 

 

$

74,789

 

Buildings & Infrastructure

 

2,245

 

 

 

17,812

 

Aerospace & Technology

 

1,924

 

 

 

4,359

 

Industrial

 

1,658

 

 

 

21,551

 

Corporate

 

5,319

 

 

 

18,160

 

Total

$

32,920

 

 

$

136,671

 

 

 

The Company’s accrual for the 2015 Restructuring as of October 2, 2015 was $102.2 million.  There were $136.7 million of charges and $105.6 million of payments during the nine months ended July 1, 2016.  The accrual balance was $133.3 million as of July 1, 2016.