Aiello Industries Recorded a Restructuring Charge of $37

Short Answer

Aiello Industries recorded a restructuring charge of $37.8 million during fiscal 2017 related entirely to the closing of its operations based in Orlando, Florida. The company's financial statement footnotes indicated that expected employee separation payments amounted to $29.4 million and that fixed asset write-downs accounting for the remainder. Aiello had never before incurred restructuring charges. At the end of the year, the company's balance sheet included a restructuring accrual of $6,300,000.
Calculate the cash flow effect of Nickolas's restructuring during fiscal 2017.