Restructuring charge

3 Months Ended

Oct. 31, 2011

Restructuring charge

8. Restructuring charge:

In the first quarter of fiscal year 2011, the Company recorded a restructuring charge of $3,562 for severance and personnel related costs of a plan it initiated to reduce its workforce by 104 employees worldwide. The purpose of this workforce reduction was to streamline its operations and consolidate its Denmark and Canton, Massachusetts manufacturing operations into its existing facilities. During the second quarter of fiscal year 2011, the Company recorded an adjustment of $134 for a change in estimate of severance and related benefit expenses related to this plan.

In the fourth quarter of fiscal year 2011, the Company recorded a restructuring charge of $3,587 for severance and personnel related costs of a plan to streamline its operations by reducing its workforce by 51 employees worldwide.

The following table summarizes charges related to accrued restructuring activity from July 31, 2010 through October 31, 2011:

	Involuntary Employee Severance			Facility Exit Costs			Total
Balance at July 31, 2010	$	153		$	722		$	875
Restructuring charge		3,562			-			3,562
Cash payments		(238	)		(189	)		(427	)
Foreign exchange		42			-			42
Balance at October 31, 2010		3,519			533			4,052
Adjustments		(134	)		-			(134	)
Cash payments		(609	)		(121	)		(730	)
Foreign exchange		(59	)		-			(59	)
Balance at January 31, 2011		2,717			412			3,129
Cash payments		(529	)		(155	)		(684	)
Foreign exchange		156			-			156
Balance at April 30, 2011		2,344			257			2,601
Restructuring charge		3,587			-			3,587
Adjustments		-			53			53
Cash payments		(836	)		(155	)		(991	)
Foreign exchange		(60	)		-			(60	)
Balance at July 31, 2011		5,035			155			5,190
Cash payments		(1,926	)		(155	)		2,081
Foreign exchange		(93	)		-			(93	)
Balance at October 31, 2011	$	3,016		$	-		$	3,016

The cash expenditures subsequent to October 31, 2011 of approximately $3,016 in employee severance will be paid within the next nine months.