Restructuring Activities

6 Months Ended

Aug. 23, 2013

RESTRUCTURING ACTIVITIES

In Q1 2014, we announced restructuring actions in EMEA to improve our global competitiveness by reorganizing the sales, marketing and support functions in France. In Q2 2014, we completed negotiations with the works councils related to these actions. We currently estimate the cash restructuring costs associated with these actions will be approximately $6, with approximately $5 related to employee termination costs and approximately $1 of business exit and other related costs. We incurred $2.9 and $4.7 of employee termination costs in the EMEA segment during the three and six months ended August 23, 2013, respectively. We incurred $0.6 and $0.9 of business exit and other related costs in the EMEA segment during the three and six months ended August 23, 2013, respectively.

In Q2 2013, we announced plans to integrate PolyVision's global technology business into the Steelcase Education Solutions group. We incurred $0.1 and $1.0 of business exit and other related costs in the Americas segment during the three and six months ended August 23, 2013. These restructuring actions are substantially complete.

Restructuring costs are summarized in the following table:



	Three Months Ended					Six Months Ended
Restructuring Costs	August 23, 2013			August 24, 2012		August 23, 2013		August 24, 2012
Cost of sales
Americas	$	(0.1	)	$	3.4	$	0.1	$	8.2
EMEA	—			—		—		0.3
Other	—			—		—		—
	(0.1		)	3.4		0.1		8.5
Operating expenses
Americas	0.1			—		1.1		—
EMEA	3.3			—		6.5		—
Other	—			0.3		—		0.3
	3.4			0.3		7.6		0.3
Total	$	3.3		$	3.7	$	7.7	$	8.8

Below is a summary of the net additions, payments and adjustments to the restructuring reserve balance for the six months ended August 23, 2013:



Restructuring Reserve	Employee Termination Costs			Business Exits and Related Costs			Total
Reserve balance as of February 22, 2013	$	7.8		$	3.3		$	11.1
Additions	5.7			2.0			7.7
Payments	(3.9		)	(1.9		)	(5.8		)
Adjustments	(0.3		)	0.2			(0.1		)
Reserve balance as of August 23, 2013	$	9.3		$	3.6		$	12.9

The employee termination costs reserve balance as of August 23, 2013 primarily relates to restructuring actions in EMEA.

- 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.

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