Severance and Restructuring Costs

12 Months Ended

Oct. 31, 2015

Restructuring And Related Activities [Abstract]

Severance and Restructuring Costs

Note 3 – Severance and restructuring costs

Severance and restructuring costs of $11,411 were recognized in 2015.  Within the Adhesives Dispensing Systems segment, restructuring initiatives to optimize operations in the U.S. and Belgium resulted in severance costs of $7,064, fixed asset impairment charges of $554 relating to one facility and other one-time restructuring costs of $354. $938 of severance payments related to these actions was paid during 2015.

Within the Advanced Technology Systems segment, certain restructuring programs to enhance operational efficiency and customer service in the U.S. and Germany resulted in severance costs of $1,586, one-time lease termination costs of $1,322 and other one-time restructuring costs of $152. Payments of $135 related to these actions were paid during 2015.

Within the Industrial Coatings Systems segment, a restructuring program to enhance operational efficiency and customer service resulted in severance costs of $379. $111 of severance payments related to these actions were paid during 2015.

Severance and restructuring costs of $2,551 were recorded during 2014.  Within the Adhesives Dispensing Systems segment, certain restructuring programs within our U.S. and European operations resulted in costs of $1,731.  Within the Advanced Technology Systems segment, restructuring initiatives in the U.S. resulted in severance costs of $579.  Within the Industrial Coatings Systems segment, restructuring activities in China resulted in severance costs of $241.  

Severance and restructuring costs of $1,126 were recorded during 2013.  Within the Adhesives Dispensing Systems segment, a restructuring program to optimize certain European operations resulted in costs of $315.  Within the Advanced Technology Systems segment, restructuring initiatives that involved plant and facility consolidations and other programs resulted in severance costs of $811.