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Restructuring
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6 Months Ended |
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Mar. 31, 2013
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16. Restructuring
During the three months ended March 31, 2013, Hillenbrand incurred $2.0 of restructuring costs ($0.1 at the Process Equipment Group and $1.9 at Batesville). These costs consisted of $1.6 classified as cost of goods sold and $0.4 classified as operating expenses related to severance and other restructuring costs. Restructuring costs totaling $1.7 relate to Batesville’s decision in the second quarter of fiscal year 2013 to discontinue the purchase, sale, and distribution of their vault product line. Restructuring charges for the six months ended March 31, 2013, totaled $0.2 at the Process Equipment Group, $2.3 at Batesville and $0.2 at Corporate. Additional costs of less than $1.0 and remaining payments associated with these restructurings are expected to conclude in fiscal year 2013. |
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- Details
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- Definition
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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