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Restructuring and Related Costs
3 Months Ended
Jan. 31, 2016
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
RESTRUCTURING AND RELATED COSTS
On September 2, 2015, our Board of Directors approved a comprehensive strategy intended to have a positive transformative effect on ABM (the “2020 Vision”). The 2020 Vision identified a number of key priorities to differentiate ABM in the marketplace, improve our margin profile, and accelerate revenue growth. We also reviewed all service lines and investments to assess whether ABM was positioned to continue to competitively offer value-added services to clients over the long term. We have incurred cumulative 2020 Vision restructuring and related charges of $19.9 million, which consisted of external support fees of $9.2 million, employee severance costs of $6.5 million, asset impairment costs of $2.6 million, and lease exit and other costs of $1.6 million.
Reconciliation of Restructuring and Related Cost Accrual
(in millions)
 
External Support Fees
 
Employee Severance
 
Lease Exit and Other
 
Total
Balance, November 1, 2015
 
$
2.1

 
$
4.3

 
$
0.2

 
$
6.6

Costs recognized(1)
 
4.6

 
1.8

 
0.8

 
7.2

Payments
 

 
(1.5
)
 
(0.4
)
 
(1.9
)
Balance, January 31, 2016
 
$
6.7

 
$
4.6

 
$
0.6

 
$
11.9

(1) The results by segment, as disclosed in Note 15, “Segment Information,” exclude these costs, consistent with the manner in which our management evaluates the performance of each reportable segment based on its respective operating profit results. These costs are included within Corporate expenses.