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Restructuring Charges
3 Months Ended
Dec. 30, 2016
Restructuring And Related Activities [Abstract]  
Restructuring Charges

Restructuring Charges

During the second quarter of fiscal 2015, the Company began implementing a series of initiatives intended to improve operational efficiency, reduce costs, and better position itself to drive growth of the business in the future (the "2015 Restructuring"). The 2015 Restructuring was not completed in fiscal 2015, and actions related to the 2015 Restructuring continued into fiscal 2016 and 2017. Actions related to the 2015 Restructuring completed during fiscal 2016 and the first three months of fiscal 2017 include involuntary terminations, the abandonment of certain leased offices, combining operational organizations, and the co-location of employees into other existing offices. We are not exiting any service types or client end-markets in connection with the 2015 Restructuring.

 

The costs of the 2015 Restructuring are included in SG&A expense in the Consolidated Statements of Earnings. The following table summarizes the impact of the 2015 Restructuring on the Company's reportable segments for the three month periods ended December 30, 2016 and January 1, 2016 (in thousands):

 

 

Three Months Ended

 

 

Three Months Ended

 

 

December 30, 2016

 

 

January 1, 2016

 

Aerospace & Technology

$

170

 

 

$

2,196

 

Buildings & Infrastructure

 

7,908

 

 

 

14,965

 

Industrial

 

2,524

 

 

 

17,577

 

Petroleum & Chemicals

 

13,584

 

 

 

23,976

 

Corporate

 

7,555

 

 

 

9,669

 

Total

$

31,741

 

 

$

68,383

 

 

The activity in the Company’s accrual for the 2015 Restructuring for the three month period ended December 30, 2016 is as follows (in thousands):

 

Balance at September 30, 2016

$

152,174

 

Charges

 

31,741

 

Payments

 

(44,166

)

Balance at December 30, 2016

$

139,749