XML 31 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Restructuring
3 Months Ended
Dec. 29, 2018
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In the second quarter of 2018, we initiated restructuring actions in conjunction with exiting the wind pitch control business within our Industrial Systems segment. These actions have resulted in workforce reductions, principally in Germany and China. The restructuring charge in 2018 consisted of $12,198 of non-cash inventory reserves, $12,316 of non-cash charges for the impairment of intangible assets, $2,162 of non-cash charges, primarily for the impairment of other long-lived assets, $7,969 for severance, $3,130 for facility closure and $3,217 for other costs.
Restructuring activity for severance and other costs is as follows:
 
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate
Total
Balance at September 29, 2018
$
626

$
64

$
6,994

$
429

$
8,113

Adjustments to provision
48

(24
)


24

Cash payments - 2016 plan



(148
)
(148
)
Cash payments - 2018 plan
(205
)

(1,451
)

(1,656
)
Foreign currency translation
(11
)

(77
)

(88
)
Balance at December 29, 2018
$
458

$
40

$
5,466

$
281

$
6,245


As of December 29, 2018, the restructuring accrual consists of $281 for the 2016 plan and $5,964 for the 2018 plan. Restructuring for all plans is expected to be paid by September 28, 2019, except for the non-current portion of the facility closure accrual, which is classified as a long-term liability.