Quarterly report pursuant to Section 13 or 15(d)

Restructuring

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Restructuring
6 Months Ended
Mar. 31, 2014
Restructuring  
Restructuring

17.       Restructuring

 

During the three months ended March 31, 2014, Hillenbrand incurred $1.0 of restructuring costs ($0.1 expense at the Process Equipment Group, $0.3 gain at Batesville, and $1.2 expense at Corporate).  These items were classified on the income statement as follows:  $0.2 reduction of cost of goods sold and $1.2 increase to operating expenses.  The $0.3 gain at Batesville was related to a $0.5 gain from the sale of real estate related to a restructuring event, offset in part by expenses.  Corporate restructuring charges of $1.2 were related to the realignment of our executive management team.  Restructuring charges for the six months ended March 31, 2014 totaled $1.3 ($0.3 at the Process Equipment Group, $0.2 gain at Batesville, and $1.2 expense at Corporate) and were classified on the income statement as follows:  $0.1 reduction of cost of goods sold and $1.4 increase to operating expenses.  Additional charges of less than $1.0 related to these restructurings are expected to be incurred in 2014.