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Exit and Disposal Activity | 9 Months Ended
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Feb. 02, 2020
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 located 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 restructuring related charges that were associated with the above exit and disposal activity:
|  | Nine months ended |
(dollars in thousands) |  | February 2, 2020 |  |  | January 27, 2019 |
Inventory markdowns |  | $ | — |  |  | $ | 1,564 |
Employee termination benefits |  |  | (70 | ) |  |  | 661 |
Other operational costs associated with a closed plant facility |  |  | — |  |  |  | 824 |
Gain on sale of equipment |  |  | — |  |  |  | (1,486 | )
Restructuring credit and restructuring related charges (1) (2) |  | $ | (70 | ) |  | $ | 1,563 |
(1) | The $70,000 credit was recorded to restructuring credit in the Consolidated Statements of Net (Loss) Income for the nine-month period ending February 2, 2020.
(2) | Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the Consolidated Statements of Net Income for the nine-month period ending January 27, 2019.
The following summarizes the activity in accrued restructuring costs:
|  | Nine months ended |
(dollars in thousands) |  | February 2, 2020 |  |  | January 27, 2019 |
Beginning balance |  | $ | 124 |  |  | $ | — |
Accrual established in fiscal 2019 |  |  | — |  |  |  | 451 |
Payments |  |  | (54 | ) |  |  | (434 | )
Adjustments |  |  | (70 | ) |  |  | 211 |
Ending balance |  | $ | — |  |  | $ | 228 |
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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