Restructuring Restructuring

9 Months Ended

Jul. 31, 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 nine months ended July 31, 2018, respectively, we incurred $1,965 and $4,962 related to employee, professional, legal and other restructuring related costs. We have incurred to date restructuring expenses of $9,739. We expect to incur approximately an additional $7,300 over the next eighteen 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 nine months ended July 31, 2018:



	Three Months Ended July 31, 2018		Nine Months Ended July 31, 2018
Professional and legal costs	$	58	$	1,170
Employee costs	1,352		2,931
Other	555		861
	$	1,965	$	4,962

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 July 31, 2018:



	Balance as of October 31, 2017		Restructuring Expense		Payments		Balance as of July 31, 2018
Employee costs	$	65	$	2,931	$	1,990	$	1,006
Legal and professional costs	270		1,170		1,440		—
Other	—		861		861		—
	$	335	$	4,962	$	4,291	$	1,006