Restructuring Restructuring

6 Months Ended

Apr. 30, 2018

Restructuring and Related Activities [Abstract]

During the fourth quarter of fiscal 2017, management initiated restructuring activities such as consolidating manufacturing facilities, making geographical shifts to place production closer to customer facilities, provide a more global and scaleable organization, centralizing departments, optimizing our product plan, and capturing synergies. Management believes these strategic moves will result in a stronger and more agile Company. During the three and six months ended April 30, 2018, respectively, we incurred $1,483 and $2,997 related to employee, professional, legal and other costs. We have incurred to date restructuring expenses of $7,774. We expect to incur approximately an additional $9,200 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 and six months ended April 30, 2018:



	Three Months Ended April 30, 2018		Six Months Ended April 30, 2018
Professional and legal costs	$	281	$	1,112
Employee costs	968		1,579
Other	234		306
	$	1,483	$	2,997

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 April 30, 2018:



	Balance as of October 31, 2017		Restructuring Expense		Payments		Balance as of April 30, 2018
Employee costs	$	65	$	1,579	$	955	$	689
Legal and professional costs	270		1,112		1,155		227
Other	—		306		306		—
	$	335	$	2,997	$	2,416	$	916