Restructuring of Operations

3 Months Ended

Sep. 27, 2013

Restructuring of Operations [Abstract]

Restructuring of Operations

 

L. Restructuring of Operations

During the first quarter of fiscal 2014, the Company recorded a pre-tax restructuring charge of $1,094,000 representing the incremental cost above the minimum legal indemnity for a targeted workforce reduction at its Belgian operation, following finalization of negotiations with the local labor union.  The minimum legal indemnity of $548,000 was recorded in the fourth quarter of fiscal 2013, upon announcement of the intended restructuring action.  During the first quarter of fiscal 2014, the Company made cash payments of $775,000, resulting in an accrual balance at September 27, 2013 of $898,000.