RESTRUCTURING

As part of the plans developed in the fourth quarter of fiscal 2015 primarily to improve ESG&A and manufacturing cost efficiency and to optimize our combined manufacturing footprint given the Company’s acquisitions, dispositions and restructuring efforts, we incurred restructuring charges of $1.1 million, including $1.2 million and $1.3 million in the Engineered Building Systems segment and Insulated Metal Panels segment, respectively, partially offset by a gain of $1.4 million on a sale of a facility in our Metal Components segment during the three months ended January 28, 2018. During the three months ended January 29, 2017, we incurred restructuring charges of $2.3 million, including $1.9 million, $0.3 million, and $0.1 million in the Engineered Building Systems, Metal Components, and Corporate segments, respectively.

The following table summarizes the costs and charges associated with the restructuring plans during the three months ended January 28, 2018, which are recorded in restructuring and impairment charges in the Company’s consolidated statements of operations (in thousands):



	Fiscal Three Months Ended			Cost Incurred To Date (since inception)
	January 28, 2018			Cost Incurred To Date (since inception)
General severance	$	1,316		$	10,278
Plant closing severance	—			3,279
Asset impairments	1,100			7,069
Gain on sale of facility	(1,424		)	(1,424		)
Other restructuring costs	102			1,415
Total restructuring costs	$	1,094		$	20,617

The following table summarizes our severance liability and cash payments made pursuant to the restructuring plans from inception through January 28, 2018 (in thousands):



	General Severance			Plant Closing Severance			Total
Balance at November 2, 2014	$	—		$	—		$	—
Costs incurred	3,887			1,575			5,462
Cash payments	(2,941		)	(1,575		)	(4,516		)
Accrued severance⁽¹⁾	739			—			739
Balance at November 1, 2015	$	1,685		$	—		$	1,685
Costs incurred⁽¹⁾	2,725			165			2,890
Cash payments	(3,928		)	(165		)	(4,093		)
Balance at October 30, 2016	$	482		$	—		$	482
Costs incurred	2,350			1,539			3,889
Cash payments	(2,549		)	(1,539		)	(4,088		)
Balance at October 29, 2017	$	283		$	—		$	283
Costs incurred	1,316			—			1,316
Cash payments	(1,410		)	—			(1,410		)
Balance at January 28, 2018	$	189		$	—		$	189

(1)

During the second and fourth quarters of fiscal 2015, we entered into transition and separation agreements with certain executive officers. Each terminated executive officer was entitled to severance benefit payments issuable in two installments. The termination benefits were measured initially at the separation dates based on the fair value of the liability as of the termination date and were recognized ratably over the future service period. Costs incurred during fiscal 2016 exclude $0.7 million of amortization expense associated with these termination benefits.

We expect to fully execute our plans in phases over the next 15 months and estimate that we will incur future additional restructuring charges associated with these plans. We are unable at this time to make a good faith determination of cost estimates, or ranges of cost estimates, associated with future phases of these plans.