Asset Impairment and Restructuring Charges

6 Months Ended

Apr. 30, 2011

Asset Impairment and Restructuring Charges [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Asset Impairment and Restructuring Charges

Impairment recoveries of $623 were recorded during the first six months of fiscal 2012 for cash received upon sales of assets from the Company's Mansfield Blanking facility of $489, which was impaired in fiscal 2010, and the Company's Liverpool Stamping Facility, which was impaired in fiscal 2009 of $129, with the remaining $5 of recoveries coming from other assets impaired in prior periods. Impairment recoveries of $142 were recorded during the first six months of fiscal 2011 for cash received upon sales of assets from the Company's Liverpool Stamping facility.

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 April 30, 2012
Restructuring - Severance and benefits	$	279		$	(225	)	$	54

- 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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