Restructuring (Notes)

3 Months Ended

Jun. 30, 2019

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

Fiscal 2019 Restructuring Plan. During the third quarter of fiscal 2019, we adopted and announced a targeted restructuring plan (the "Fiscal 2019 Restructuring Plan"), which included the closure of two manufacturing facilities, one in Brazil and one in England, as well as other actions including the rationalization of certain products. Fewer than 200 positions are being eliminated. The Company will relocate the production of certain impacted products to other existing manufacturing operations during fiscal 2020. These restructuring actions are designed to enhance profitability and improve efficiency.

Since inception of the Fiscal 2019 Restructuring Plan we have incurred pre-tax expenses totaling $43,015 related to these restructuring actions, of which $32,376 was recorded as restructuring expenses and $10,639 was recorded in cost of revenues, with a total of $30,713, $2,518, $668 and $7,798 related to the Healthcare Products, Healthcare Specialty Services, Life Sciences, and Applied Sterilization Technologies segments, respectively. Corporate related restructuring charges were $1,318. Additional restructuring expenses related to this plan are not expected to be material to our results of operations.

The following table summarizes our total pre-tax restructuring expenses for fiscal 2020:



Three months ended June 30, 2019	Fiscal 2019 Restructuring Plan
Severance and other compensation related costs	$	1,091
Lease termination costs and other	298
Product rationalization ⁽¹⁾	918
Total restructuring expenses	$	2,307

(1) Recorded in cost of revenues on the Consolidated Statements of Income.

Liabilities related to restructuring activities are recorded as current liabilities on the accompanying Consolidated Balance Sheets within “Accrued payroll and other related liabilities” and “Accrued expenses and other.” The following table summarizes our restructuring liability balances:



Fiscal 2019 Restructuring Plan	March 31, 2019			Provisions			Payments (1)				June 30, 2019
Severance and termination benefits	$	4,102		$	1,091		$	(1,570	)		$	3,623
Lease termination obligations and other	2,029			2			(289		)		1,742
Total	$	6,131	—	$	1,093	—	$	(1,859	)	—	$	5,365

(1) Certain amounts reported include the impact of foreign currency movements relative to the U.S. dollar.