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Restructuring
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12 Months Ended |
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Sep. 30, 2013
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| Restructuring |
16. Restructuring
During 2013, Hillenbrand incurred $4.1 of restructuring costs ($0.5 at the Process Equipment Group, $3.4 at Batesville, and $0.2 at Corporate). These costs consisted of $3.2 classified as cost of goods sold and $0.9 classified as operating expenses related to severance and other restructuring costs. Batesville’s restructuring costs relate primarily to the decision to discontinue the purchase, sale, and distribution of its vault product line. Future charges related to these restructurings are not expected to be significant. The majority of the severance and exit costs have been paid as of September 30, 2013, but some will be paid in 2014. |
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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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