Special Charges

The Company monitors global macroeconomic conditions on an ongoing basis and continues to assess opportunities for improved operational effectiveness and efficiency, as well as a better alignment of expenses with revenues. As a result of these assessments, the Company has undertaken various restructuring actions over the past several years. These actions are described below.

The following tables display the special charges taken for ongoing actions and a roll-forward from October 29, 2011 to November 1, 2014 of the employee separation and exit cost accruals established related to these actions.



Statement of Income	Reduction of Operating Costs
Workforce reductions	7,966
Facility closure costs	186
Non-cash impairment charge	219
Other items	60
Total Fiscal 2012 Charges	$	8,431
Workforce reductions	29,848
Total Fiscal 2013 Charges	$	29,848
Workforce reductions	37,873
Facility closure costs	459
Non-cash impairment charge	433
Change in estimate	(1,443		)
Total Fiscal 2014 Charges	$	37,322



Accrued Restructuring	Reduction of Operating Costs
Balance at October 29, 2011	$	3,876
Fiscal 2012 special charges	8,431
Severance payments	(8,931		)
Facility closure costs	(186		)
Non-cash impairment charge	(219		)
Effect of foreign currency on accrual	22
Balance at November 3, 2012	$	2,993
Fiscal 2013 special charges	29,848
Severance payments	(12,907		)
Effect of foreign currency on accrual	21
Balance at November 2, 2013	$	19,955
Fiscal 2014 special charges	37,322
Severance payments	(16,790		)
Effect of foreign currency on accrual	16
Balance at November 1, 2014	$	40,503

During fiscal 2008 through fiscal 2011, the Company recorded special charges of approximately $45.5 million. These special charges included: $41.3 million for severance and fringe benefit costs in accordance with its ongoing benefit plan or statutory requirements at foreign locations for 245 manufacturing employees and 495 engineering and SMG&A employees; $2.1 million for lease obligation costs for facilities that the Company ceased using during the first quarter of fiscal 2009; $0.8 million for the write-off of property, plant and equipment; $0.5 million for contract termination costs and $0.3 million for clean-up and closure costs that were expensed as incurred; and $0.5 million related to the impairment of intellectual property. The Company terminated the employment of all employees associated with these actions.

During fiscal 2012, the Company recorded special charges of approximately $8.4 million. These special charges included: $7.9 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 95 manufacturing, engineering and SMG&A employees; $0.2 million for lease obligation costs for facilities that the Company ceased using during the third quarter of fiscal 2012; $0.1 million for contract termination costs; and $0.2 million for the write-off of property, plant and equipment.

During fiscal 2013, the Company recorded special charges of approximately $29.8 million for severance and fringe benefit costs in accordance with its ongoing benefit plan or statutory requirements at foreign locations for 235 engineering and SMG&A employees. As of November 1, 2014, the Company still employed 2 of the 235 employees included in this cost reduction action. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit.

During fiscal 2014, the Company recorded special charges of approximately $37.3 million. These special charges included $37.9 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 341 manufacturing, engineering and SMG&A employees; $0.5 million for lease obligations costs for facilities that the Company ceased using during the fourth quarter of fiscal 2014; and $0.4 million for the impairment of assets that have no future use located at closed facilities. In addition, the Company reversed approximately $1.4 million of its severance accrual related to charges taken in fiscal 2013 primarily due to severance costs being lower than the Company's estimates. As of November 1, 2014, the Company still employed 311 of the 341 employees included in these cost reduction actions. These employees must continue to be employed by the Company until their employment is involuntarily terminated in order to receive the severance benefit.