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Exit and Disposal Activity | 6 Months Ended
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Oct. 28, 2018
Restructuring and Related Activities [Abstract] |
Exit and Disposal Activity |
11. | Exit and Disposal Activity
On June 12, 2018, our board of directors announced the closure of our upholstery fabrics manufacturing facility in Anderson, South Carolina. This closure was completed during the second quarter of fiscal 2019 and was due to a continued decline in demand for the products manufactured at this facility, reflecting a change in consumer style preferences. The following summarizes our restructuring credit and related charges totaling $1.2 million that were associated with the above exit and disposal activity:
(dollars in thousands) |  | Six months ended October 28, 2018 |
Inventory markdowns |  | $ | 1,565 |
Employee termination benefits |  |  | 513 |
Other operating costs associated with a closed facility |  |  | 270 |
Gain on sale of equipment |  |  | (1,123 | )
|  | $ | 1,225 |
Of this total charge, a charge of $1.8 million and a credit of $610,000 was recorded in cost of sales and restructuring credit, respectively, in the Consolidated Statement of Net Income for the six-month period ending October 28, 2018. The following summarizes the activity in the restructuring accrual:
(dollars in thousands) |  | Six months ended October 28, 2018 |
Accrual established in fiscal 2019 |  | $ | 451 |
Paid in fiscal 2019 |  |  | (253 | )
Adjustments in fiscal 2019 |  |  | 62 |
|  | $ | 260 |
The above restructuring accrual pertains to employee termination benefits that were associated with the above exit and disposal activity.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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