XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.21.1

Restructuring and Other Charges | 6 Months Ended
--- | ---
Mar. 31, 2021
Restructuring And Related Activities [Abstract] |
Restructuring and Other Charges | 3. Restructuring and Other Charges Restructuring and other charges, net includes restructuring charges (credits), headquarters relocation charges, and impairment and accretion expense charges related to the lease assets of exited facilities. Refer to Note 14. Leases for additional information about exited facilities. For the three and six months ended March 31, 2021, restructuring and other charges, net totaled $0.5 million and $0.7 million, respectively, of which $0.2 million and $0.4 million is attributable to restructuring charges, respectively, and $0.3 million and $0.3 million is attributable to impairment and accretion expense related to exited facilities, respectively. For the three and six months ended March 28, 2020, restructuring and other charges, net totaled $18.2 million and $32.3 million, respectively, of which $13.2 million and $27.0 million is attributable to restructuring charges, respectively, and $4.7 million and $5.0 million is attributable to impairment and accretion expense related to exited lease facilities, respectively. The restructuring and other charges for the second quarter and first six months of 2020 also include $0.3 million of accelerated depreciation related to the planned exit of a facility. Restructuring Charges During the first quarter of 2020, we initiated a restructuring program as part of a realignment associated with expected synergies and operational efficiencies related to the Onshape acquisition. The restructuring plan resulted in charges of $30.8 million through fiscal year 2020 for termination benefits associated with approximately 250 employees. During the six months ended March 31, 2021, we incurred charges of $0.2 million in connection with this restructuring plan. The following table summarizes restructuring accrual activity for the six months ended March 31, 2021:
(in thousands) |  | Employee Severance and Related Benefits |  |  | Facility Closures and Related Costs |  |  | Total |
Accrual, October 1, 2020 |  | $ | 3,992 |  |  | $ | 5,995 |  |  | $ | 9,987 |
Charges to operations, net |  |  | 163 |  |  |  | 199 |  |  |  | 362 |
Cash disbursements |  |  | (3,924 | ) |  |  | (1,497 | ) |  |  | (5,421 | )
Foreign exchange impact |  |  | 31 |  |  |  | 14 |  |  |  | 45 |
Accrual, March 31, 2021 |  | $ | 262 |  |  | $ | 4,711 |  |  | $ | 4,973 |
The following table summarizes restructuring accrual activity for the six months ended March 28, 2020:
(in thousands) |  | Employee Severance and Related Benefits |  |  | Facility Closures and Related Costs |  |  | Total |
Accrual, October 1, 2019 |  | $ | 298 |  |  | $ | 30,788 |  |  | $ | 31,086 |
ASC 842 adoption |  |  | — |  |  |  | (16,462 | ) |  |  | (16,462 | )
Charges to operations, net |  |  | 31,358 |  |  |  | (4,362 | ) |  |  | 26,996 |
Cash disbursements |  |  | (14,324 | ) |  |  | (2,495 | ) |  |  | (16,819 | )
Other non-cash |  |  | — |  |  |  | (281 | ) |  |  | (281 | )
Foreign exchange impact |  |  | 153 |  |  |  | (5 | ) |  |  | 148 |
Accrual, March 28, 2020 |  | $ | 17,485 |  |  | $ | 7,183 |  |  | $ | 24,668 |
The accrual for employee severance and related benefits is included in accrued compensation and benefits in the Consolidated Balance Sheets. Of the accrual for facility closures and related costs, as of March 31, 2021, $2.6 million is included in accrued expenses and other current liabilities and $2.1 million is included in other liabilities in the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration