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Restructuring
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6 Months Ended |
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Mar. 31, 2015
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| Restructuring and Related Activities [Abstract] | |
| Restructuring |
Restructuring
During the three months ended March 31, 2015, Hillenbrand incurred $0.7 of restructuring costs ($0.5 expense at the Process Equipment Group, with $0.4 classified as operating expenses and $0.1 classified as cost of goods sold, and $0.2 expense at Corporate classified as operating expenses). During the six months ended March 31, 2015, Hillenbrand incurred $2.6 of restructuring costs ($0.8 expense at the Process Equipment Group, with $0.7 classified as operating expenses and $0.1 classified as cost of goods sold, $1.2 expense at Batesville classified as cost of goods sold, and $0.6 expense at Corporate classified as operating expenses). These costs related primarily to severance costs at the Process Equipment Group as we continue to integrate and streamline the business operations within the segment, disposal of equipment at Batesville, and corporate compensation costs related to changes in the Company’s executive management team. At March 31, 2015, $1.4 of restructuring costs were accrued and will be paid in 2015.
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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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