Restructuring charge

6 Months Ended

Jan. 31, 2012

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 $3,585 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 January 31, 2012:


	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			3,585				-				3,585
Adjustments			-				53				53
Cash payments			(836	)			(155	)			(991	)
Foreign exchange			(58	)			-				(58	)
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
Cash payments			(950	)			-				(950	)
Foreign exchange			(113	)			-				(113	)
Balance at January 31, 2012		$	1,953			$	-			$	1,953

The cash expenditures subsequent to January 31, 2012 of approximately $1,953 in employee severance will be paid within the next six months.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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