Restructuring Charges

3 Months Ended

Oct. 31, 2013

13. Restructuring Charges

During fiscal year 2013, we implemented a restructuring plan that involved involuntary termination of 126 employees, as well as consolidation of manufacturing and certain support activities conducted at the Ultrasonix facility in Vancouver, into operations at our existing facilities, closure of the Ultrasonix sales subsidiary in Paris, France, closure of our Englewood, Colorado facility as we consolidate manufacturing and development activities into our State College, Pennsylvania facility, and optimization of our operations in Montreal, Canada and Peabody, Massachusetts.

The following table summarizes charges related to the accrued restructuring activities during the first quarter of fiscal year 2014:


(in millions)	Employee Severance and Benefits			Facility Exit Costs		Acquisition Related Charges			Total
Balance at July 31, 2013	$	1.8		$	0.2	$	0.8		$	2.8
Restructuring Charge		0.2			-		0.1			0.3
Adjustments		(0.2	)		-		(0.1	)		(0.3	)
Cash payments		(0.5	)		-		(0.1	)		(0.6	)
Currency Translation		-			-		-			-
Balance at October 31, 2013	$	1.3		$	0.2	$	0.7		$	2.2

Restructuring and related charges, including actions associated with acquisitions, by segment are as follows:


	For the Three Months Ended
	October 31,
(in millions)	2013			2012
Medical Imaging	$	(0.1	)	$	-
Ultrasound		0.1			-
Security Technology		-			-
Total restructuring and related charges	$	-		$	-

- 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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