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Restructuring Charges | 3 Months Ended
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Jan. 31, 2016
Restructuring and Related Activities [Abstract] |
Restructuring Charges | NOTE 7 — RESTRUCTURING CHARGES The following is a reconciliation of the beginning and ending restructuring reserve balances for the three month period ended January 31, 2016 (Dollars in millions):
|  | Employee Separation Costs |  |  | Other Costs |  |  | Total |
Balance at October 31, 2015 |  | $ | 14.7 |  |  | $ | 6.6 |  |  | $ | 21.3 |
Costs incurred and charged to expense |  |  | 1.0 |  |  |  | 1.3 |  |  |  | 2.3 |
Costs paid or otherwise settled |  |  | (5.7 | ) |  |  | (3.6 | ) |  |  | (9.3 | )
Balance at January 31, 2016 |  | $ | 10.0 |  |  | $ | 4.3 |  |  | $ | 14.3 |
The focus for restructuring activities in 2016 is to continue to rationalize operations and close underperforming assets throughout all segments. During the three months ended January 31, 2016, the Company recorded restructuring charges of $2.3 million, which compares to $3.2 million of restructuring charges recorded during the three months ended January 31, 2015. The restructuring activity for the three months ended January 31, 2016 consisted of $1.0 million in employee separation costs and $1.3 million in other restructuring costs, primarily consisting of professional fees incurred for services specifically associated with employee separation and relocation. The following is a reconciliation of the total amounts expected to be incurred from approved restructuring plans or plans that are being formulated and have not been announced as of the date of this Form 10-Q. Remaining amounts expected to be incurred are $18.2 million as of January 31, 2016 compared to $14.7 million as of October 31, 2015. The change was due to the formulation of new plans during the period offset by the realization of expenses from plans formulated in prior periods. (Dollars in millions):
|  | Total Amounts Expected to be Incurred |  |  | Amounts expensed during the three month period ended January 31, 2016 |  |  | Amounts Remaining to be Incurred |
Rigid Industrial Packaging & Services |  |  |  |  |  |  |  |  |  |  |  |
Employee separation costs |  | $ | 10.7 |  |  | $ | 0.8 |  |  | $ | 9.9 |
Other restructuring costs |  |  | 4.3 |  |  |  | 0.5 |  |  |  | 3.8 |
|  |  | 15.0 |  |  |  | 1.3 |  |  |  | 13.7 |
Flexible Products & Services |  |  |  |  |  |  |  |  |  |  |  |
Employee separation costs |  |  | 3.3 |  |  |  | 0.2 |  |  |  | 3.1 |
Other restructuring costs |  |  | 1.5 |  |  |  | 0.8 |  |  |  | 0.7 |
|  |  | 4.8 |  |  |  | 1.0 |  |  |  | 3.8 |
Paper Packaging & Services |  |  |  |  |  |  |  |  |  |  |  |
Employee separation costs |  |  | — |  |  |  | — |  |  |  | — |
Other restructuring costs |  |  | 0.7 |  |  |  | — |  |  |  | 0.7 |
|  |  | 0.7 |  |  |  | — |  |  |  | 0.7 |
|  | $ | 20.5 |  |  | $ | 2.3 |  |  | $ | 18.2 |

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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 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 + Details
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