Restructuring (Notes)

6 Months Ended

Mar. 30, 2013

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

We have initiated restructuring plans to better align our cost structure with projected sales levels. The restructuring actions taken have and will result in workforce reductions, primarily in the U.S., Europe and Asia.

Restructuring expense related principally to severance by segment for the three and six months ended March 30, 2013 is as follows:




Aircraft Controls	$	474
Industrial Systems	1,727
Total	$	2,201

Restructuring activity is as follows:




Balance at beginning of period	$	—
Charged to expense	2,201
Cash payments	(1,194		)
Foreign currency translation	(38		)
Balance at end of period	$	969

Payments related to these costs are expected to be principally paid by the end of 2013. We anticipate that total restructuring charges will be approximately $2,000 and $9,000 in our Aircraft Controls and Industrial Systems segments, respectively, in 2013.

- 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.

+ References+ Details