Restructuring Restructuring

9 Months Ended

Jun. 29, 2013

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

We have initiated restructuring plans to better align our cost structure with projected sales levels. The restructuring actions taken have and will result in workforce reductions, primarily in the U.S., Europe and Asia.

Restructuring expense, which is principally related to severance, by segment for the three and nine months ended June 29, 2013 is as follows:



	Three Months Ended		Nine Months Ended
	June 29, 2013		June 29, 2013
Aircraft Controls	$	1,226	$	1,700
Space and Defense Controls	556		556
Industrial Systems	3,013		4,740
Total	$	4,795	$	6,996

Restructuring activity is as follows:



	Three Months Ended			Nine Months Ended
	June 29, 2013			June 29, 2013
Balance at beginning of period	$	969		$	—
Charged to expense	4,795			6,996
Cash payments	(3,612		)	(4,806		)
Foreign currency translation	(6		)	(44		)
Balance at end of period	$	2,146		$	2,146

Payments related to these costs are expected to be principally paid by the end of 2013. We anticipate that total restructuring charges will be approximately $1,700, $1,600 and $7,700 in our Aircraft Controls, Space and Defense Controls and Industrial Systems segments, respectively, in 2013.

- 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.

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