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Subsequent events
12 Months Ended
Jul. 31, 2015
Subsequent events

20. Subsequent events

On September 9, 2015, our Board of Directors declared a dividend of $0.10 per common share payable on October 10, 2015 to stockholders of record on September 25, 2015.

On September 16, 2015, we announced a restructuring of our business that includes the transition of certain manufacturing activities from our Peabody location to our existing facility in Shanghai, China, and a reduction in force in order to align our research and development investment with expected customer funding in our Security and Detection business. We expect to incur a restructuring charge of approximately $6 million in fiscal 2016, of which approximately $3 million will be taken in Q1 FY16 with the balance taken throughout the remainder of the fiscal year.