Annual report pursuant to Section 13 and 15(d)

Restructuring

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Restructuring
12 Months Ended
Sep. 30, 2013
Restructuring  
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.