Restructuring and Severance Costs

9 Months Ended

Jul. 29, 2018

Restructuring and Related Activities [Abstract]

Restructuring and Severance Costs

Restructuring and Severance Costs

For the three and nine months ended July 29, 2018, the Company incurred restructuring and severance costs of $3.1 million and $3.7 million, respectively.

Change in Executive Management

Effective June 6, 2018, Mr. Dean departed from the Company in his role as President and Chief Executive Officer and is no longer a member of the Board of Directors. The Company and Mr. Dean subsequently executed a separation agreement, effective June 29, 2018. The Company recorded severance costs of $2.6 million in the third quarter of fiscal 2018, payable over a period of 24 months.

Other Severance

In the third quarter of fiscal 2018, the Company recorded severance costs of $0.5 million, primarily resulting from the elimination of certain positions as part of its continued efforts to reduce costs and achieve operational efficiency. These costs are included in Restructuring and severance costs on the Condensed Consolidated Statements of Operations. For the three and nine months ended July 30, 2017, the Company incurred restructuring and severance costs of $0.2 million and $1.1 million, respectively, resulting primarily from a reduction in workforce under a cost reduction plan implemented in fiscal 2016.