The Company has also amended its other credit facilities as part of this process. Implementation of this restructuring plan started this quarter and should be completed near the end of fiscal 2002.
All amounts referenced are pre-tax.
Significant elements of the restructuring plan include the reduction of personnel, the closure of smaller facilities and certain asset write-offs. We will continue to adjust direct labor levels to match ongoing production levels. It was important for us to complete this amendment process so we can completely focus on capitalizing on the opportunities ahead of us. Sales outlook continues to be uncertain, impacted by the market slowdown in our customer base. Additionally, restrictions on access to the UK countryside, due to the foot and mouth disease, have severely affected the anticipated growth of our shelter business.