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 table displays a roll-forward from October 31, 2015 to November 3, 2018 of the employee separation and exit cost accruals established related to these actions.



Accrued Restructuring	Closure of Manufacturing Facilities			Reduction of Operating Costs Action			Early Retirement Action
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		$	—
Fiscal 2017 special charges	—			8,126			41,337
Severance payments	—			(15,764		)	(9,126		)
Effect of foreign currency on accrual	—			401			—
Balance at October 28, 2017	$	—		$	5,137		$	32,211
Fiscal 2018 special charges	44,452			16,866			—
Severance payments	—			(16,785		)	(22,314		)
Effect of foreign currency on accrual	(1,478		)	37			—
Balance at November 3, 2018	$	42,974		$	5,255		$	9,897

Closure of Manufacturing Facilities

During the first quarter of fiscal 2018, the Company recorded a special charge of $41.2 million as a result of its decision to consolidate certain wafer and test facility operations acquired as part of the Acquisition. Over the next two to four years, the Company plans to close its Hillview wafer fabrication facility located in Milpitas, California and its Singapore test facility. The Company intends to transfer Hillview wafer fabrication production to its other internal facilities and to external foundries. In addition, the Company is planning to transition testing operations currently handled in its Singapore facility to its facilities in Penang, Malaysia and the Philippines, in addition to its outsourced assembly and test partners. The special charge was for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 1,249 manufacturing, engineering and selling, marketing, general and administrative (SMG&A) employees.

During the second, third and fourth quarters of fiscal 2018, the Company recorded special charges totaling $3.3 million in the aggregate related to one-time termination benefits for employees included in this action. These one-time termination benefits are being recognized over the future service period required for employees to earn these benefits. Employees included in this action must continue to be employed by the Company until their employment is terminated by the Company in order to receive the severance benefits. The accrual related to this action is included in other non-current liabilities in the condensed consolidated balance sheet as of November 3, 2018.

Reduction of Operating Costs Actions

During fiscal 2018, the Company recorded special charges of approximately $16.9 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 126 manufacturing, engineering and SMG&A employees.

During fiscal 2017, the Company recorded special charges of approximately $8.1 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan or statutory requirements at foreign locations for 177 manufacturing, engineering and SMG&A employees.

During fiscal 2016, the Company recorded special charges of approximately $13.7 million for severance and fringe benefit costs in accordance with the Company's ongoing benefit plan for 123 manufacturing, engineering and SMG&A employees.

The Company terminated the employment of all employees associated with the reduction of operating cost actions.

Early Retirement Offer Action

During fiscal 2017, the Company initiated an early retirement offer. This resulted in a special charge of approximately $41.3 million for severance, related benefits and other costs in accordance with this program for 225 manufacturing, engineering and selling, marketing, general and administrative (SMG&A) employees. The Company terminated the employment of all employees associated with this action.