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Restructuring charges (Tables)
 12 Months Ended
Jul. 31, 2017
Summary of Accrued Restructuring Costs Activity

The following table summarizes accrued restructuring costs activity from July 31, 2015 through July 31, 2017:

 

 

 

Employee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Severance

 

 

Facility

 

 

Other

 

 

 

 

 

 

 

and

 

 

Exit

 

 

Restructuring

 

 

 

 

 

(in millions)

 

Benefits (A)

 

 

Costs (B)

 

 

Cost (C)

 

 

Total (D) (E)

 

Balance at July 31, 2015

 

$

0.2

 

 

$

0.4

 

 

$

-

 

 

$

0.6

 

Restructuring Charge

 

 

9.4

 

 

 

-

 

 

 

0.2

 

 

 

9.6

 

Cash payments

 

 

(4.4

)

 

 

(0.4

)

 

 

(0.2

)

 

 

(5.0

)

Balance at July 31, 2016

 

$

5.2

 

 

$

(0.0

)

 

$

-

 

 

$

5.2

 

Restructuring Charge

 

 

5.1

 

 

 

0.1

 

 

 

2.0

 

 

 

7.2

 

Cash payments

 

 

(7.6

)

 

 

-

 

 

 

(0.1

)

 

 

(7.7

)

Non-cash adjustments

 

 

 

 

 

 

-

 

 

 

(1.9

)

 

 

(1.9

)

Balance at July 31, 2017

 

$

2.7

 

 

$

0.1

 

 

$

-

 

 

$

2.8

 

 

(A)

Restructuring charges in fiscal year 2017, include $5.1 million with respect to the Fiscal Year 2017 Restructuring Plan.

(B)

Cash payments in fiscal year 2016 pertain only to the closure of the Englewood Colorado facility. In fiscal 2017 there were $0.1 million of restructuring charges associated to the exit of the Charlottesville facility as part of our strategic strategy to reorganize the business cost.

(C)

In fiscal year 2017, there were non-cash adjustments of ($1.9) million related to fixed asset write-offs that were incurred due to strategic changes in the Oncura, Sonic Window and Ultrasound portfolio.

(D)

Activity in fiscal year 2016 pertains to the Fiscal Year 2016 Restructuring Plan, the Fiscal Year 2014 Restructuring Plan and the 2013 Restructuring Plan. In fiscal year 2016, there were restructuring charges of $9.6 million and cash payments of ($4.4) million related to the Fiscal Year 2016 Restructuring Plan, while there were cash payments of ($0.2) million and ($0.4) million related to the Fiscal Year 2014 Restructuring Plan and Fiscal Year 2013 Restructuring Plan, respectively.

(E)

Activity in fiscal year 2017 pertains to the Fiscal Year 2017 Restructuring Plan and the Fiscal Year 2016 Restructuring Plan.  In fiscal year 2017, there were restructuring charges of $7.2 million and cash payments of ($2.5) million related to the Fiscal Year 2017 Restructuring Plan, while there were cash payments of ($5.2) million related to the Fiscal Year 2016 Restructuring.

Net Restructuring and Related Charges

Net restructuring and related charges are comprised of the following:

 

 

 

For the Year ended

 

 

 

July 31,

 

(in millions)

 

2017

 

 

2016

 

 

2015

 

Fiscal Year 2017 Restructuring Plan

 

$

7.2

 

 

$

-

 

 

$

-

 

Fiscal Year 2016 Restructuring Plan

 

 

-

 

 

 

9.6

 

 

 

-

 

Fiscal Year 2014 Restructuring Plan

 

 

-

 

 

 

-

 

 

 

(0.3

)

Fiscal Year 2013 Restructuring Plan

 

 

-

 

 

 

-

 

 

 

(0.1

)

Restructuring and related charges

 

$

7.2

 

 

$

9.6

 

 

$

(0.4

)

 
Restructuring costs, including actions associated with acquisitions  
Net Restructuring and Related Charges

Restructuring costs, including actions associated with acquisitions, by segment for fiscal years 2017, 2016 and 2015 are as follows:

 

 

 

For the Year ended

 

 

 

July 31,

 

(in millions)

 

2017

 

 

2016

 

 

2015

 

Medical Imaging

 

$

1.4

 

 

$

6.0

 

 

$

(0.2

)

Ultrasound

 

 

5.5

 

 

 

1.9

 

 

$

(0.1

)

Security and Detection

 

 

0.3

 

 

 

1.7

 

 

$

(0.1

)

Total restructuring and related charges

 

$

7.2

 

 

$

9.6

 

 

$

(0.4

)