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Restructuring Charges | 9 Months Ended
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Apr. 30, 2016
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges 2016 Actions In the first quarter of Fiscal 2016, the Company took actions to further align its operating and manufacturing cost structure with current and projected Customer and end-market demand. These actions consisted of one-time termination benefits from restructuring the salaried and production workforce in all geographic regions and in both reportable segments. Total charges related to this action were initially expected to be $7.2 million. These actions have been completed and resulted in a total pre-tax charge of $6.2 million with $5.8 million recorded during the first quarter of Fiscal 2016 and $0.4 million recorded during the second quarter of Fiscal 2016. In the third quarter of Fiscal 2016, the Company took additional actions consistent with the purpose of the first quarter actions discussed above. Total charges related to this action were initially expected to be $5.5 million. These actions have been completed and resulted in a total pre-tax charge of $4.1 million recorded during the third quarter of Fiscal 2016. 2015 Actions In the second quarter of Fiscal 2015, the Company took actions to align its operating and manufacturing cost structure with current and projected Customer and end-market demand. These actions consisted of one-time termination benefits, project management fees, warehousing costs, moving expenses, and supplies and equipment related to the closing of the Company's Grinnell, Iowa facility. Total charges related to this action were initially expected to be $5.8 million. This action was completed in the second quarter of Fiscal 2016. Total charges related to this action since the second quarter of Fiscal 2015 were $5.8 million and have been recorded in the Engine Products segment. Restructuring charges are summarized in the table below (millions of dollars):
| Three Months Ended April 30, |  | Nine Months Ended April 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
2016 Third Quarter Actions | $ | 4.1 |  |  | $ | — |  |  | $ | 4.1 |  |  | $ | — |
2016 First Quarter Actions | — |  |  | — |  |  | 6.2 |  |  | — |
2015 Actions | — |  |  | 5.2 |  |  | 2.3 |  |  | 5.8 |
Total | $ | 4.1 |  |  | $ | 5.2 |  |  | $ | 12.6 |  |  | $ | 5.8 |
The Engine Products segment and Industrial Products segment incurred $1.1 million and $3.0 million, respectively, of restructuring charges during the three months ended April 30, 2016. For the nine months ended April 30, 2016, restructuring charges for the above named actions of $7.2 million and $5.4 million were incurred in the Engine Products and Industrial Products segments, respectively. As the charges were mainly incurred and paid in the same period, there was no material liability balance as of any of the three quarters ended during Fiscal 2016. Restructuring charges are summarized in the table below by statement of earnings line item (millions of dollars):
| Three Months Ended April 30, |  | Nine Months Ended April 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Cost of sales | $ | 0.8 |  |  | $ | 2.5 |  |  | $ | 4.9 |  |  | $ | 3.2 |
Operating expenses | 3.3 |  |  | 2.7 |  |  | 7.7 |  |  | 2.6 |
Total | $ | 4.1 |  |  | $ | 5.2 |  |  | $ | 12.6 |  |  | $ | 5.8 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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