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RESTRUCTURING AND ASSET IMPAIRMENTS
9 Months Ended
Jul. 30, 2017
Restructuring and Related Activities [Abstract]  
RESTRUCTURING AND ASSET IMPAIRMENTS
RESTRUCTURING AND ASSET IMPAIRMENTS
As part of the plans developed in the fourth quarter of fiscal 2015 primarily to improve ESG&A and manufacturing cost efficiency and to optimize our combined manufacturing footprint given the Company’s acquisitions and restructuring efforts, we incurred restructuring charges of $1.0 million, including $0.9 million and $0.1 million in the Engineered Building Systems segment and Metal Components segment, respectively, during the three months ended July 30, 2017. During the three months ended July 31, 2016, we incurred restructuring charges, primarily consisting of severance related costs of $0.8 million, including $0.1 million and $0.3 million in the Engineered Building Systems segment and Metal Components segment, respectively, and $0.4 million at corporate.
For the nine months ended July 30, 2017, we incurred restructuring charges, primarily consisting of severance related costs of $3.6 million, including approximately $3.0 million and $0.6 million in the Engineered Building Systems segment and Metal Components segment, respectively. For the nine months ended July 31, 2016, we incurred restructuring charges, primarily consisting of severance related costs of $3.4 million, including $0.8 million and $1.2 million in the Engineered Building Systems segment and Metal Components segment, respectively, and $1.4 million at corporate.
The following table summarizes the costs and charges associated with the restructuring plans during the three and nine months ended July 30, 2017, which are recorded in restructuring and impairment charges in the Company’s consolidated statements of operations (in thousands): 
 
Fiscal Three Months Ended
 
Fiscal Nine Months Ended
 
 
 
July 30,
2017
 
July 30,
2017
 
Cost
Incurred
To Date (since inception)
General severance
$
284

 
$
1,327

 
$
8,671

Plant closing severance
106

 
1,436

 
3,176

Asset impairments

 
125

 
5,969

Other restructuring costs
619

 
699

 
1,330

Total restructuring costs
$
1,009

 
$
3,587

 
$
19,146


We expect to fully execute our plans in phases over the next 21 months and estimate that we will incur future additional restructuring charges associated with these plans. We are unable at this time to make a good faith determination of cost estimates, or ranges of cost estimates, associated with future phases of these plans.
The following table summarizes our severance liability and cash payments made pursuant to the restructuring plans from inception through July 30, 2017 (in thousands): 
 
General
Severance
 
Plant Closing
Severance
 
Total
Balance at November 2, 2014
$

 
$

 
$

Costs incurred
3,887

 
1,575

 
5,462

Cash payments
(2,941
)
 
(1,575
)
 
(4,516
)
Accrued severance(1)
739

 

 
739

Balance at November 1, 2015
$
1,685

 
$

 
$
1,685

Costs incurred(1)
2,725

 
165

 
2,890

Cash payments
(3,928
)
 
(165
)
 
(4,093
)
Balance at October 30, 2016
$
482

 
$

 
$
482

Costs incurred and other
1,327

 
1,436

 
2,763

Cash payments
(1,505
)
 
(1,436
)
 
(2,941
)
Balance at July 30, 2017
$
304

 
$

 
$
304

(1)
During the second and fourth quarters of fiscal 2015, we entered into transition and separation agreements with certain executive officers. Each terminated executive officer was entitled to severance benefit payments issuable in two installments. The termination benefits were measured initially at the separation dates based on the fair value of the liability as of the termination date and were recognized ratably over the future service period. Costs incurred during fiscal 2016 exclude $0.7 million of amortization expense associated with these termination benefits.