XML 77 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Restructuring
12 Months Ended
Sep. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring
(3)
Restructuring
 
 
 
 
 
 
 
 
 
 
 
During the second quarter of fiscal 2018, the Company began implementation of a plan to realign its business structure into two business units, Diagnostics and Life Science, supported by a global corporate team. As part of this plan, certain functions and locations within both business units have been streamlined, including: (i) the elimination of certain executive management and commercial sales positions; (ii) the closing of Life Science locations in Taunton, Massachusetts and Singapore, the operations of which were transferred to
our existing
locations in Memphis, Tennessee and London, England, respectively; and (iii) the transfer of certain functions performed in the Billerica, Massachusetts Diagnostics facility to the corporate headquarters in Cincinnati, Ohio.
 
Further restructuring costs were incurred in fiscal 2019, as refinements to each business unit’s cost structure continued to be made and the Company’s previous CFO terminated employment.
As a result of these activities, restructuring costs totaling $2,839 and $6,332 were recorded during fiscal 2019 and fiscal 2018, respectively, the details of which are as follows:
                 
 
2019
 
 
2018
 
Severance, other termination benefits and related costs
 
$
2,046
 
  $
5,012
 
Lease and other contract termination fees
 
 
54
 
   
353
 
Loss on fixed asset disposals and inventory scrap
 
 
528
 
   
225
 
Other
 
 
211
 
   
742
 
                 
Total
 
$
2,839
 
  $
6,332
 
                 
 
 
 
 
 
 
 
 
 
 
The above table does not include $2,374 of CEO transition costs incurred in fiscal 2018, which primarily represents the compensation and benefits for our previous Executive Chairman and CEO, Mr. John A. Kraeutler, throughout fiscal 2018, the period during which we also have the compensation and benefits our
current
 CEO, Mr. Jack Kenny, who began employment at the beginning of fiscal 2018. These CEO transition costs and the restructuring costs set forth in the table above comprise the $8,706 of restructuring costs set forth in the accompanying Consolidated Statement of Operations for fiscal 2018.
Accrued liabilities associated with the restructuring costs noted above are comprised of the following:
As of September 30,
 
2019
 
 
2018
 
Severance, other termination benefits and related costs
 
$
1,010
 
  $
987
 
Lease and other contract termination fees
 
 
12
 
   
33
 
Other
 
 
114
 
   
6
 
                 
Total
 
$
1,136
 
  $
1,026