Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Restructuring Charges and Exit Costs

v3.6.0.2
Note 10 - Restructuring Charges and Exit Costs
9 Months Ended
Jan. 01, 2017
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]
NOTE
1
0
.
RESTRUCTURING CHARGES AND EXIT COSTS
 
Restructuring expenses result from the execution of management approved restructuring plans that were generally developed to improve our cost structure and/or operations, sometimes in conjunction with our acquisition integration strategies. Restructuring expenses consist of employee severance costs and
may
also include contract termination costs to improve our cost structure prospectively.
 
During the
three
and
nine
months ended
January
1,
2017,
we incurred
$0
and
$1.1
million of restructuring charges and exit costs, respectively. The restructuring charges for the
nine
months ended
January
1,
2017
consist of
$0.2
million of cost of goods sold and
$0.9
million as operating expense, due to both the reduction of our workforce and the impairment of certain fixed assets and licensed technologies. During the
three
and
nine
months ended
December
27,
2015,
we incurred
$2.6
million and
$5.6
million of restructuring charges and costs, respectively. The restructuring charges and exit costs are included in cost of sales and operating expenses.
 
Our restructuring liabilities were included in the other current liabilities and other non-current obligations lines within our condensed consolidated balance sheets. The following table summarizes the activities affecting the liabilities as of the dates indicated below (in thousands):
 
 
 
 
 
 
 
Additions/
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 27, 2016
 
 
adjustments
 
 
Non-cash charges
 
 
Payments
 
 
January 1, 2017
 
Lease termination costs and others
  $
130
    $
467
    $
(27
)   $
(436
)   $
134
 
Severance
   
364
     
681
     
-
     
(1,022
)    
23
 
Total
  $
494
    $
1,148
    $
(27
)   $
(1,458
)   $
157