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 November 2, 2013 to October 29, 2016 of the employee separation and exit cost accruals established related to these actions.



Statement of Income	Reduction of Operating Costs Action
Workforce reductions	37,873
Facility closure costs	459
Non-cash impairment charge	433
Change in estimate	(1,443		)
Total Fiscal 2014 Charges	$	37,322
Workforce reductions	13,684
Total Fiscal 2016 Charges	$	13,684



Accrued Restructuring	Reduction of Operating Costs Action
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
Severance payments	(33,220		)
Facility closure costs	(459		)
Non-cash impairment charge	(433		)
Effect of foreign currency on accrual	(514		)
Balance at October 31, 2015	$	5,877
Fiscal 2016 special charges	13,684
Severance payments	(7,184		)
Effect of foreign currency on accrual	(3		)
Balance at October 29, 2016	$	12,374

Reduction of Operating Costs Actions

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. The Company has terminated the employment of all employees associated with this action.

During fiscal 2016, the Company recorded special charges of approximately $13.7 millionfor severance and fringe benefit costs in accordance with the Company's ongoing benefit plan for 123 manufacturing, engineering and SMG&A employees. As of October 29, 2016, the Company still employed 44 of the 123 employees included in these cost reduction actions. These employees must continue to be employed by the Company until their employment is terminated in order to receive the severance benefit.