Question-and-Answer Session
Operator
(Operator instructions) And your first question comes from the line of Jim Lucas with Janney Montgomery Scott. Please proceed.
Jim Lucas - Janney Montgomery Scott
Couple of questions; Steve, first, on that $0.15 you alluded to three different buckets that fell within. Was that fairly evenly distributed or can you give us some more color of where exactly that hit in the quarter?
Steve Wolfe
Yes, we don't break that out, Jim. When you've got litigation and all those types of things involved in that we just say its $0.15 in total and don't break down the pieces.
Jim Lucas - Janney Montgomery Scott
I'm just trying to figure out in terms of the headcount reduction and the tax piece, were those two combined somewhat comparable or ?
Steve Wolfe
You'll find when you look at the consolidated P&L.
Jim Lucas - Janney Montgomery Scott
Yes.
Steve Wolfe
You find these expenses in three different categories.
Jim Lucas - Janney Montgomery Scott
Right.
Steve Wolfe
Restructuring ends up running through SG&A. The legal matters end up running through the other expense and income line, and the tax allocation ends up running through the through the tax line so you've got them split into three different pieces in the P&L.
Jim Lucas - Janney Montgomery Scott
No other way to ask that one. With these two new events from a working capital management standpoint, the formation of Red Iron where a lot of company seem to be stepping away from third party financing, it's somewhat unique to hear, somebody like moving toward it. I was wondering how this came about, but even more so I was wondering if you could give us a little bit more color on this new payable solution that you've come up with.
Mike Hoffman
Let me make just a comment first on how this came about. And then turn it over to Steve to maybe add some color and talk about the payable side. The fact is that, when you go back to literally when we were completing our six plus eight initiative. One of the things that came out of that as we headed into the GrowLean initiative was in the third leg on the stool and really looking at our working capital, and as we looked at Toro versus our peer set, it wasn't particularly attractive. And certainly one of those elements is your receivables. And so it's a credit to Steve and Tom Larson, but they took a hard look at that and said, well, some of our receivables are being sold through a third party. Some of them are on our books, and maybe there is a better solution. I think the solution that they found was an excellent one that keeps us directly involved in the JV context but leverages a third party who has a significantly lower cost of capital. As Steve said earlier, it very much is a win-win and it is going to move our working capital in the right direction so, no. I'll let Steve add some comments.
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