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RESTRUCTURING AND OTHER CHARGES, NET (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Jul. 31, 2011
Restructuring      
Severance benefits and other employment contract obligations $ 22,526 [1] $ 61,852 [1] $ 4,863 [1]
Professional fees, legal settlements and other costs, net of receipt of insurance claim payments 2,840 [1] 3,448 [1] 5,507 [1]
Impairment and (gain) on sale of assets 993 [1] 766 [1]  
Reversal of excess restructuring reserves (662) [1] (77) [1] (26) [1]
Restructuring Charges 25,697 [1] 65,989 [1] 10,344 [1]
Cash 23,410 [1] 63,717 [1] 10,344 [1]
Non-cash 2,287 [1] 2,272 [1] 0 [1]
Other Charges/(Gains)      
Severance benefits and other employment contract obligations 3,316 [2] 11,436 [2] 7,519 [2]
Professional fees, legal settlements and other costs, net of receipt of insurance claim payments 1,396 187 2,293
Impairment and (gain) on sale of assets 1,358 [2] (10,754) [2]  
Environmental matters 8,415 [2]   6,349 [2]
Other Gains (Charges) 14,485 [2] 869 [2] 16,161 [2]
Cash 12,102 [2] (3,064) [2] 13,226 [2]
Non-cash 2,383 [2] 3,933 [2] 2,935 [2]
Total      
Severance benefits and other employment contract obligations 25,842 73,288 12,382
Professional fees, legal settlements and other costs, net of receipt of insurance claim payments 4,236 3,635 7,800
Impairment and (gain) on sale of assets 2,351 (9,988)  
Restructuring and other charges, net 40,182 66,858 26,505
Cash 35,512 60,653 23,570
Non-cash $ 4,670 $ 6,205 $ 2,935
[1] Restructuring:Restructuring charges recorded in fiscal year 2013 reflects expenses incurred in connection with the Company’s structural cost improvement initiatives that began in fiscal year 2012, impacting both segments as well as the Corporate Services Group.Restructuring charges recorded in fiscal year 2012 includes expenses incurred in connection with the Company’s structural cost improvement initiatives as discussed above. Restructuring charges in fiscal year 2012 also include asset impairment charges related to the above mentioned initiatives, partly offset by a gain on the divestiture of a non-strategic asset group.Restructuring charges recorded in fiscal year 2011 includes expenses incurred in connection with the Company’s cost reduction initiatives, including the closure of an Industrial manufacturing facility in Europe.
[2] Other Charges/(Gains): Severance benefits and other employment contract obligations: In fiscal years 2013, 2012 and 2011, the Company recorded charges related to certain employment contract obligations. Professional fees and other: In fiscal years 2013, 2012 and 2011, the Company recorded legal and other professional fees related to the Federal Securities Class Actions, Shareholder Derivative Lawsuits and Other Proceedings which pertain to matters that had been under audit committee inquiry as discussed in Note 2, Audit Committee Inquiry and Restatement, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2007 (“2007 Form 10-K”). Furthermore, in fiscal years 2013 and 2012, the Company recorded costs and reserve adjustments related to the settlement of the Federal Securities Class Actions and Shareholder Derivative Lawsuits and Other Proceedings. The receipt of insurance claim payments partly offset such costs in fiscal years 2013, 2012 and 2011. Refer to Note 14, Contingencies and Commitments for further discussion of this matter.Fiscal year 2013 also includes costs related to the demolition of a vacant facility.Environmental matters: In fiscal year 2013, the Company increased its previously established environmental reserves primarily related to matters at its Ann Arbor, Michigan and Glen Cove, New York sites, as discussed in Note 14, Contingencies and Commitments.In fiscal year 2011, the Company increased its previously established environmental reserve related to matters in Pinellas Park, Florida and Ann Arbor, Michigan. Such costs were partly offset by the receipt of an insurance claim payment. Impairment and gain on sale of assets: In fiscal year 2013, the Company recorded an impairment related to a software project.In fiscal year 2012, the Company recorded a gain on the sale of assets related to a sale of a building in Europe as well as a gain of $9,196 on the sale of the Company’s investment in Satair A/S.