Restructuring Charges

12 Months Ended

Oct. 31, 2018

Restructuring and Related Activities [Abstract]

During the fourth quarter of fiscal 2017, management initiated restructuring activities to consolidate manufacturing facilities, make geographical shifts to place production closer to customer facilities, centralize departments, optimize our product plan and capture synergies to establish a more global and scalable organization. Management believes these strategic moves will result in a stronger and more agile organization. Restructuring charges in fiscal 2018 were $6,613 and included employee-related costs for reductions in force, professional fees and other costs to execute the restructuring activities. Restructuring costs in fiscal 2017 related primarily to the idling of the Pendergrass facility, including $4,085 of impairment of property, plant and equipment. The Pendergrass facility's carrying value of $9,142 is included in other current assets as an asset held for sale. The facility is expected to be sold in early fiscal 2019. We have incurred restructuring expenses of $11,390 to date. We expect to incur additional expense of $5,610 over the next fifteen months. Future restructuring actions will depend upon market conditions, customer actions and other factors.

The following table presents information about restructuring costs recorded during the fiscal years ended October 31, 2018 and 2017:



	October 31, 2018		October 31, 2017
Employee costs	$	3,030	$	392
Impairment of fixed assets	—		4,085
Professional and legal costs	1,731		270
Other	1,852		30
	$	6,613	$	4,777

The following table is a rollforward of the beginning and ending liability balances related to restructuring activities which are included in the consolidated balance sheets in other accrued expenses the fiscal year ending October 31, 2018:



	Balance as of October 31, 2017		Restructuring Expense		Payments		Balance as of October 31, 2018
Employee costs	65		3,030		2,728		367
Professional and legal costs	270		1,731		1,753		248
Other	—		1,852		1,852		—
	$	335	$	6,613	$	6,333	$	615