XML 35 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Restructuring
 12 Months Ended
Oct. 03, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In 2020, we initiated restructuring actions in relation to impacts of the COVID-19 pandemic. The actions have and will result in workforce reductions, primarily in the Philippines, Europe and the U.S. We have recorded a total of $10,466 for severance.
In 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 consists 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 by segment and reconciliation to consolidated amounts is as follows:
 
Aircraft Controls
Space and Defense Controls
Industrial Systems
Corporate
Total
Balance at September 30, 2017
$
130

$
—

$
—

$
1,038

$
1,168

Charged to expense - 2018 plan
987

46

39,609

350

40,992

Non-cash charges - 2018 plan
(385
)
—

(26,676
)
—

(27,061
)
Adjustments to provision
—

119

2

(10
)
111

Cash payments - 2014 plan
—

—

—

(599
)
(599
)
Cash payments - 2015 plan
—

(101
)
—

(350
)
(451
)
Cash payments - 2016 plan
(99
)
—

(5,607
)
—

(5,706
)
Foreign currency translation
(7
)
—

(334
)
—

(341
)
Balance at September 29, 2018
626

64

6,994

429

8,113

Adjustments to provision
13

(21
)
275

17

284

Cash payments - 2016 plan
—

—

—

(446
)
(446
)
Cash payments - 2018 plan
(632
)
(16
)
(2,757
)
—

(3,405
)
Foreign currency translation
(7
)
—

(416
)
—

(423
)
Balance at September 28, 2019
—

27

4,096

—

4,123

Charged to expense - 2020 plan
3,340

185

7,175

—

10,700

Non-cash charges - 2020 plan
(234
)
—

—

—

(234
)
Adjustments to provision
—

(1
)
(892
)
—

(893
)
Cash payments - 2018 plan
—

(26
)
(705
)
—

(731
)
Cash payments - 2020 plan
(1,859
)
(185
)
(828
)
—

(2,872
)
Foreign currency translation
—

—

249

—

249

Balance at October 3, 2020
$
1,247

$
—

$
9,095

$
—

$
10,342


As of October 3, 2020, the restructuring accrual consists of $7,608 for the 2020 plan and $2,734 for the 2018 plan. Restructuring is expected to be paid by September 30, 2021, except portions classified as long-term liabilities based on the nature of the reserve.