XML 64 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Restructuring Charges
 9 Months Ended
Nov. 02, 2013
Restructuring Charges [Abstract]  
Restructuring Charges
(6)
Restructuring Charges
During the first quarter of fiscal 2014, the Company implemented plans to streamline its structure and reduce expenses in both Europe and North America. During the second quarter of fiscal 2014, the Company expanded these plans to include the consolidation and streamlining of certain operations in Europe and Asia. These actions resulted in restructuring charges related primarily to severance, impairment and lease termination costs of $1.9 million and $10.4 million during the three and nine months ended November 2, 2013, respectively. As of November 2, 2013, the Company had a balance of approximately $3.9 million in accrued expenses for amounts expected to be paid during the remainder of fiscal 2014. The Company currently estimates that it may incur an additional $1.0 million to $2.5 million in future cash-related severance and lease termination costs during the remainder of fiscal 2014 as facilities are vacated.
The following table summarizes the components of the restructuring activity during the three and nine months ended November 2, 2013 (in thousands):
 
Three Months Ended Nov 2, 2013
 
Severance
 
Impairment and Lease Termination
 
Total
Beginning balance
$
4,376

 
$
4

 
$
4,380

Charges to operations
440

 
1,449

 
1,889

Non-cash write-offs
—

 
(283
)
 
(283
)
Cash payments
(637
)
 
(1,165
)
 
(1,802
)
Foreign currency and other adjustments
(241
)
 
(5
)
 
(246
)
Ending balance
$
3,938

 
$
—

 
$
3,938

 
Nine Months Ended Nov 2, 2013
 
Severance
 
Impairment and Lease Termination
 
Total
Beginning balance
$
—

 
$
—

 
$
—

Charges to operations
7,679

 
2,676

 
10,355

Non-cash write-offs
—

 
(1,394
)
 
(1,394
)
Cash payments
(3,629
)
 
(1,262
)
 
(4,891
)
Foreign currency and other adjustments
(112
)
 
(20
)
 
(132
)
Ending balance
$
3,938

 
$
—

 
$
3,938