Restructuring Restructuring

3 Months Ended

Jan. 31, 2018

Restructuring and Related Activities [Abstract]

During the fourth quarter of fiscal 2017, management decided to initiate restructuring activities such as consolidating manufacturing facilities, making geographical shifts to place production closer to customer facilities, and optimizing our product plan. Management believes these strategic moves will result in a more efficient and focused footprint allowing the Company to operate with lower fixed costs. During the three months ended January 31, 2018, we incurred $1,514 related to employee, professional, legal and other costs. We have incurred to date restructuring expenses of $6,291. We expect to incur approximately an additional $10,700 over the next eighteen to twenty-four months. The benefits from this initiative are expected to provide savings with less than a three-year payback. Any future restructuring actions will depend upon market conditions, customer actions and other factors.

The following table presents information about restructuring costs recorded for the three months ended January 31, 2018:



	January 31, 2018
Professional and legal costs	$	831
Employee costs	611
Other	72
	$	1,514

The following table presents a rollforward of the beginning and ending liability balances related to the restructuring costs which are included in the condensed consolidated balance sheets in other accrued expenses for the above-mentioned actions through January 31, 2018:



	Balance as of October 31, 2017		Restructuring Expense		Payments		Balance as of January 31, 2018
Employee costs	65		611		265		411
Legal and professional costs	270		831		900		201
	$	335	$	1,442	$	1,165	$	612