61 of 93 is not necessarily indicative of the results of future operations that would have been achieved had the acquisitions taken place at the beginning of 2001 . pro forma information follows ( in millions , except per share amounts ) : .

Table:
 | 2001
net sales | $ 5370
net loss | $ -44 ( 44 )
basic loss per common share | $ -0.13 ( 0.13 )
diluted loss per common share | $ -0.13 ( 0.13 )
note 5 -- restructuring charges fiscal 2003 restructuring actions the company recorded total restructuring charges of approximately $ 26.8 million during the year ended september 27 , 2003 , including approximately $ 7.4 million in severance costs , a $ 5.0 million charge to write-off deferred compensation , $ 7.1 million in asset impairments and a $ 7.3 million charge for lease cancellations .
of the $ 26.8 million , nearly all had been spent by the end of 2003 , except for approximately $ 400000 of severance costs and approximately $ 4.5 million related to operating lease costs on abandoned facilities .
during the third quarter of 2003 , approximately $ 500000 of the amount originally accrued for lease cancellations was determined to be in excess due to the sublease of a property sooner than originally estimated and an approximately $ 500000 shortfall was identified in the severance accrual due to higher than expected severance costs related to the closure of the company 2019s singapore manufacturing operations .
these adjustments had no net effect on reported operating expense .
during the second quarter of 2003 , the company 2019s management approved and initiated restructuring actions that resulted in recognition of a total restructuring charge of $ 2.8 million , including $ 2.4 million in severance costs and $ 400000 for asset write-offs and lease payments on an abandoned facility .
actions taken in the second quarter were for the most part supplemental to actions initiated in the prior two quarters and focused on further headcount reductions in various sales and marketing functions in the company 2019s americas and europe operating segments and further reductions associated with powerschool-related activities in the americas operating segment , including an accrual for asset write-offs and lease payments on an abandoned facility .
the second quarter actions resulted in the termination of 93 employees , 92 were terminated prior to the end of 2003 .
during the first quarter of 2003 , the company 2019s management approved and initiated restructuring actions with a total cost of $ 24 million that resulted in the termination of manufacturing operations at the company-owned facility in singapore , further reductions in headcount resulting from the shift in powerschool product strategy that took place at the end of fiscal 2002 , and termination of various sales and marketing activities in the united states and europe .
these restructuring actions will ultimately result in the elimination of 260 positions worldwide , all but one of which were eliminated by the end of 2003 .
closure of the company 2019s singapore manufacturing operations resulted in severance costs of $ 1.8 million and costs of $ 6.7 million to write-off manufacturing related fixed assets , whose use ceased during the first quarter .
powerschool related costs included severance of approximately $ 550000 and recognition of $ 5 million of previously deferred stock compensation that arose when powerschool was acquired by the company in 2001 related to certain powerschool employee stockholders who were terminated in the first quarter of 2003 .
termination of sales and marketing activities and employees , principally in the united states and europe , resulted in severance costs of $ 2.8 million and accrual of costs associated with operating leases on closed facilities of $ 6.7 million .
the total net restructuring charge of $ 23 million recognized during the first quarter of 2003 also reflects the reversal of $ 600000 of unused restructuring accrual originally made during the first quarter of 2002 .
except for certain costs associated with operating leases on closed facilities , the company currently anticipates that all of the remaining accrual for severance costs of approximately $ 400000 will be spent by the end of the first quarter of fiscal 2004. .

Question: what percentage of the total restructuring charges during the year ended september 27 , 2003 were severance costs?
Answer: 27.6%
Calculation: divide(7.4, 26.8)