Restructuring

12 Months Ended

Oct. 01, 2022

Restructuring and Related Activities [Abstract]

In 2022, we initiated restructuring actions in relation to portfolio shaping activities in our Space and Defense and Industrial Systems segments and for slower than expected commercial aircraft business recovery in our Aircraft Controls segment. These actions have and will result in workforce reductions, principally in the U.S., China, Europe and the U.K.. The 2022 restructuring charge consists of non-cash charges related to an inventory write-down of $1,692 and equipment of $538 as well as severance and other costs of $8,971.

In 2020, we initiated restructuring actions in relation to impacts of the COVID-19 pandemic. The actions resulted in workforce reductions, primarily in the Philippines, Europe and the U.S. We have recorded a total of $10,466 for severance.

Restructuring activity for severance and other costs by segment and reconciliation to consolidated amounts is as follows:


	Aircraft Controls		Space and Defense Controls		Industrial Systems		Total
Balance at September 28, 2019	$	—	$	27	$	4,096	$	4,123
Charged to expense - 2020 plan	3,340		185		7,175		10,700
Non-cash charges - 2020 plan	(234)		—		—		(234)
Adjustments to provision	—		(1)		(892)		(893)
Cash payments - 2020 plan	(1,859)		(185)		(828)		(2,872)
Cash payments - 2018 plan	—		(26)		(705)		(731)
Foreign currency translation	—		—		249		249
Balance at October 3, 2020	1,247		—		9,095		10,342


Adjustments to provision	(457)		—		(711)		(1,168)
Cash payments - 2020 plan	(611)		—		(2,423)		(3,034)
Cash payments - 2018 plan	—		—		(524)		(524)
Foreign currency translation	—		—		49		49
Balance at October 2, 2021	179		—		5,486		5,665
Charged to expense - 2022 plan	3,996		3,755		3,450		11,201
Non-cash charges - 2022 plan	—		(2,230)		—		(2,230)

Cash payments - 2022 plan	(3,767)		(1,297)		(613)		(5,677)
Cash payments - 2020 plan	(179)		—		(443)		(622)
Cash payments - 2018 plan	—		—		(432)		(432)
Foreign currency translation	—		—		(770)		(770)
Balance at October 1, 2022	$	229	$	228	$	6,678	$	7,135

As of October 1, 2022, the restructuring accrual consists of $2,919 for the 2022 plan, $2,918 for the 2020 plan and $1,298 for the 2018 plan. Restructuring is expected to be paid within a year, except portions classified as long-term liabilities based on the nature of the reserve.