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Restructuring and Other Charges Restructuring and Other Charges | 12 Months Ended
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Oct. 01, 2016
Restructuring and Related Activities [Abstract] |
Restructuring and Other Charges | Restructuring and Other Charges During fiscal 2016 the Company recorded $7.0 million of restructuring and other charges related largely to the Company's closure of its manufacturing facility in Fremont, California as a result of the Company’s optimization of its capacity to better reflect customer demand. The Company also recorded restructuring costs in the EMEA segment related to the partial closure of its Livingston, Scotland facility to align with reduced end-market demand. During fiscal 2015 and 2014 the Company recorded $1.7 million and $11.3 million of restructuring and other charges. The charges were incurred in the AMER segment and largely related to the consolidation of the Company's manufacturing facilities in Wisconsin and the relocation of manufacturing operations from Juarez to Guadalajara, Mexico. These charges are recorded within "Restructuring and other charges" on the Condensed Consolidated Statements of Comprehensive Income. Restructuring liabilities are recorded within "Other accrued liabilities" in the Condensed Consolidated Balance Sheets. For the year ended October 1, 2016, the Company incurred restructuring and other charges of $7.0 million, which consisted of the following:
• | $5.3 million of employee termination and severance costs from the closure of the Company's facility in Fremont and the partial closure of the Company's Livingston facility;
• | $1.0 million of moving and transition costs resulting primarily from the relocation of machinery and equipment from the Fremont facility to various other facilities; and
• | $0.8 million loss recorded upon the sale leaseback of the Company's engineering facility in Neenah, Wisconsin.
For the year ended October 3, 2015, the Company incurred restructuring charges of $1.7 million, which consisted of the following:
• | $1.5 million of moving and transition costs resulting from the relocation of manufacturing operations from Juarez to Guadalajara; and
• | $0.1 million of employee termination and severance costs from the closure of the Company's facility in Juarez.
For the year ended September 27, 2014, the Company incurred restructuring and other charges of $11.3 million, which consisted of the following:
• | $3.2 million of fixed asset impairment related to the Company's facility in Juarez;
• | $3.2 million of severance from the reduction of the Company's workforce in Juarez; and
• | $4.9 million of rent, moving and associated costs resulting from the early exit of operating leases for two existing facilities and the consolidation of three existing facilities in Wisconsin into the new manufacturing facility in Neenah, as well as moving and transition costs resulting from the relocation of manufacturing operations from Juarez to Guadalajara.
As part of the relocation of manufacturing operations from Juarez to Guadalajara, the Company evaluated the ongoing fair value of the long-lived assets associated with the Juarez facility. Based on this evaluation, the Company determined that long-lived assets were impaired and therefore recorded $3.2 million of fixed asset impairment for the year ended September 27, 2014. Fair value was evaluated using Level 3 inputs, as defined in Note 1, "Description of Business and Significant Accounting Policies." No income tax benefit for these restructuring and other charges was recognized due to tax losses in these jurisdictions. The Company's restructuring accrual activity for the years ended October 1, 2016 and October 3, 2015 is included in the table below (in thousands):
|  | Fixed Asset Impairment |  | Employee Termination and Severance Costs |  | Lease Obligations and Other Exit Costs |  | Total
Accrual balance, September 28, 2013 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring and other charges |  | 3,160 |  |  | 3,180 |  |  | 4,940 |  |  | 11,280 |
Amounts utilized |  | (3,160 | ) |  | (3,038 | ) |  | (4,940 | ) |  | (11,138 | )
Accrual balance, September 27, 2014 |  | — |  |  | 142 |  |  | — |  |  | 142 |
Restructuring and other charges |  | — |  |  | 144 |  |  | 1,547 |  |  | 1,691 |
Amounts utilized |  | — |  |  | (286 | ) |  | (1,547 | ) |  | (1,833 | )
Accrual balance, October 3, 2015 |  | — |  |  | — |  |  | — |  |  | — |
Restructuring and other charges |  | — |  |  | 5,255 |  |  | 1,779 |  |  | 7,034 |
Amounts utilized |  | — |  |  | (4,571 | ) |  | (1,621 | ) |  | (6,192 | )
Accrual balance, October 1, 2016 |  | $ | — |  |  | $ | 684 |  |  | $ | 158 |  |  | $ | 842 |

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- References No definition available. + Details
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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