Asset Impairment and Restructuring Charges

3 Months Ended

Jan. 31, 2012

Asset Impairment and Restructuring Charges [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Asset Impairment and Restructuring Charges

Due to uncertain market conditions for industrial real estate, during the fourth quarter of fiscal 2011, the Company recorded an asset impairment charge of $324 to reduce the carrying value of real property at the Company's VCS Properties facility to a fair value of $1,900 based primarily on an independent assessment that considered recent sales of similar properties, as well as an income approach.

Impairment recoveries of $65 were recorded during the first quarter of fiscal 2012 and $9 were recorded during the first quarter of fiscal 2011 for cash received upon the sales of assets from the Company's Liverpool Stamping facility that was impaired in fiscal 2009.

During the third quarter of fiscal 2011, the Company recorded a restructuring charge of $352 based on a negotiated settlement with approximately 90 employees for severance and health insurance related to the previously announced planned closure of the Company's plant in Mansfield, Ohio.

An analysis of restructuring charges and related reserves of the Company for fiscal 2012 is as follows:



	Restructuring Reserves at October 31, 2011		Restructuring Charges	Cash Payments			Restructuring Reserves at January 31, 2012
Restructuring - Severance and benefits	$	279		$	(181	)	$	98

- 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.

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