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Restructuring Plans
3 Months Ended
May 04, 2019
Restructuring And Related Activities [Abstract]  
Restructuring Plans

5.

Restructuring Plans

The Company incurred restructuring charges in Fiscal 2018 and Fiscal 2017 related to the Hi-Tec Acquisition and its integration into the Company’s ongoing operations (the “Hi-Tec Plan”).  Restructuring charges were also incurred in the fourth quarter of Fiscal 2018 as the Company’s staff was realigned to appropriately support its then current business (the “FY18 Plan”).  Furthermore, during Fiscal 2019, the Company took additional steps designed to improve its organizational efficiencies by eliminating redundant positions and unneeded facilities, and by terminating various consulting and marketing contracts (the “FY19 Plan”).         

Charges and payments against the restructuring plan obligations were as follows:

 

(In thousands)

 

FY19 Plan

 

 

FY18 Plan

 

 

Hi-Tec Plan

 

 

Total

 

Balance, February 2, 2019

 

 

 

2,760

 

 

 

 

44

 

 

 

 

199

 

 

 

 

3,003

 

Restructuring charges

 

 

 

42

 

 

 

 

 

 

 

 

 

 

 

 

42

 

Payments during the period

 

 

 

(526

)

 

 

 

(44

)

 

 

 

(117

)

 

 

 

(687

)

Balance, May 4, 2019

 

$

 

2,276

 

 

$

 

 

 

$

 

82

 

 

$

 

2,358