Restructuring

12 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

In 2023, we initiated restructuring actions in relation to portfolio shaping activities. These actions have and will result in workforce reductions, principally in the U.S. and Europe. The 2023 restructuring charge consists of $6,905 for severance and $1,092 for facility closure and other costs. The 2023 plan has elements, primarily retention agreements, that will continue through 2027 and could result in additional costs of up to approximately $11,000.

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.

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 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
Charged to expense - 2023 plan	458		2,308		5,808		8,574

Adjustments to provision	(15)		(37)		(525)		(577)
Cash payments - 2023 plan	(95)		(678)		(1,450)		(2,223)
Cash payments - 2022 plan	(229)		(190)		(1,885)		(2,304)
Cash payments - 2020 plan	—		—		(372)		(372)
Cash payments - 2018 plan	—		—		(359)		(359)
Foreign currency translation	(1)		(9)		313		303
Balance at September 30, 2023	$	347	$	1,622	$	8,208	$	10,177

As of September 30, 2023, the restructuring accrual consists $6,057 for the 2023 plan, $650 for the 2022 plan, $2,293 for the 2020 plan and $1,177 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 and the timing of the expected payments.