XML 29 R23.htm IDEA: XBRL DOCUMENT

Restructuring

3 Months Ended

May 31, 2012

(15)

Restructuring. During the fourth quarter of fiscal 2012, MSC executed a restructuring plan that eliminated eight production and two SG&A positions in our German subsidiary, recognizing approximately $0.3 million in employee termination benefit and related expenses. These benefits will be paid by the end of fiscal 2013. During the second quarter of fiscal 2012, the Company recognized severance expense of $0.3 million, which will be paid through the second quarter of fiscal 2013.

The year-to-date activity in the restructuring accrual is presented in the chart below.


(in thousands)
Restructuring Accrual as of February 29, 2012	$	235
Restructuring Expenses Recorded During Fiscal 2013		—
Cash Payments and Other Adjustments		(101	)

Restructuring Accrual as of May 31, 2012	$	134

- 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