Restructuring Charges

6 Months Ended

Jan. 31, 2014

13. Restructuring Charges

During fiscal year 2013, we implemented a restructuring plan that involved involuntary termination of 124 employees, as well as consolidation of manufacturing and certain support activities conducted at the Ultrasonix facility in Vancouver, Canada, into operations at our existing facilities, closure of the Ultrasonix sales subsidiary in Paris, France, closure of our Englewood, Colorado facility (which was closed in January 2014) 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 three and six months ended January 31, 2014. There were no restructuring charges for the three and six months ended January 31, 2013.


(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 charge		-			0.6			-			0.6
Adjustments		(0.2	)		(0.1	)		-			(0.3	)
Cash payments		(0.6	)		-			(0.4	)		(1.0	)
Currency translation		-			-			-			-
Balance at January 31, 2014	$	0.5		$	0.7		$	0.3		$	1.5

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


	For the Three Months Ended					For the Six Months Ended
	January 31					January 31
(in millions)	2014			2013		2014			2013
Medical Imaging	$	(0.1	)	$	-	$	(0.2	)	$	-
Ultrasound		0.4			-		0.5			-
Security Technology		-			-		-			-
Total restructuring and related charges	$	0.3		$	-	$	0.3		$	-

- 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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