The integration of AirMaze resulted in a reduction in the work force of approximately 15 employees during fiscal 2001. Adjustments to this reserve for the fiscal year ended July 31, 2001, amounted to a decrease of $0.7 million. The remaining employee terminations and relocations  are expected to be completed by the end of fiscal 2002. The company acquired the DCE dust control  business of Invensys, plc for $56.4 million effective February 1, 2000. DCE, headquartered in Leicester, England (UK) with smaller facilities in Germany and the United States and assembly operations in South Africa, Australia and Japan, is a major participant in the global dust collection industry. The excess of purchase price over the fair values of the net assets acquired was $33.2 million and has been recorded as goodwill which is being amor- tized on a straight-line basis over 20 years. DCE operations are part of the company’s Industrial Products segment. As of July 31, 2001, the balance of restructuring liabilities recorded in conjunction with the acquisition was approximately $2.1 million of costs associated with the closure and sale of acquired facilities as well as termination and relocation of employees. Costs incurred and charged to these reserves associated with the closure and sale of acquired facilities amounted to $0.8 million for the fiscal year ended July 31, 2001. Costs incurred and charged to these reserves associated with the termination and reloca- tion of employees amounted to $0.8 million during the year ended July 31, 2001. The integration of DCE resulted in a reduction in the work force of approximately 140 employ- ees during fiscal 2001. Adjustments to these reserves for the fiscal year ended July 31, 2001, amounted to an increase of $0.9 million. The remaining closure or sale of facilities and employee terminations and relocations are expected  to be completed by the end of fiscal 2002. Plant Closures During 2001, the company closed its manu- facturing facilities located in Mooresville, North Carolina, and Louisville, Kentucky. The closures of these facilities were completed by the end of the fiscal year. For the closure  of the Mooresville manufacturing facility, a pretax charge of $0.7 million was recorded in fiscal 2001 in general  and administrative expense in the company’s consolidated statement of earnings. For the closure of the Louisville manufacturing facility, costs were charged against the  purchase liabilities recorded in conjunction with the acqui- sition of DCE. See discussion of these purchase liabilities The company also has three agreements under uncom- mitted credit facilities which provide unsecured borrowings for general corporate purposes. At July 31, 2001, there was $35.0 million available for use under these facilities. There was $7.7 million and $12.6 million outstanding under these facilities at July 31, 2001 and 2000, respec- tively. The weighted average interest rate on short-term borrowings outstanding at July 31, 2001 and 2000 was 3.98 percent and 6.89 percent, respectively. In December 1997, the company amended and renewed  a five-year multi-currency revolving facility with a group of participating banks under which it may borrow up to $100.0 million. The agreement provides that loans may  be made under a selection of currencies and rate formulas including Base Rate Advance or Eurocurrency Rate Advance. The interest rate on each advance is based on certain adjusted leverage and debt-to-capitalization ratios. Facility fees and other fees on the entire loan commitment are payable for the duration of this facility. There was $50.0 million outstanding under this credit facility, leaving $50.0 million available for further borrowing under such facility at both July 31, 2001 and 2000. The weighted average interest rate on short-term borrowings outstand- ing at July 31, 2001 and 2000 was 3.99 percent and 6.83 percent, respectively. C Credit Facilities Plant Opening During fiscal 2000, the company opened a new manufacturing facility in Auburn, Alabama. The facility was constructed to produce mufflers for the truck manufacturers located in the southwestern U.S. region and employs approximately 100 employees. During 2000, the company closed its manufacturing facilities located in Oelwein, Iowa. The closure of the facility was completed by the end of the calendar year.  A pretax charge of $2.8 million was recorded in fiscal 1999 in general and administrative expense in the com- pany’s consolidated statement of earnings. The charge was primarily related to severance and other employee related costs associated with the elimination of approximately 125 positions. in Note B. These charges were primarily related to sever- ance and other employee related costs associated with the elimination of approximately 130 positions in Mooresville and 80 positions in Louisville. 23