Note L - Restructuring of Operations

3 Months Ended

Sep. 29, 2017

Notes to Financial Statements

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

L. Restructuring of Operations

The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company

’s markets since the

fourth

quarter of fiscal

2015.

These programs primarily involved the reduction of workforce in several of the Company’s manufacturing locations, under a combination of voluntary and involuntary programs.

During the current quarter, the Company implemented additional actions to reduce personnel costs in its Belgian operations and reorganize for productivity in its European operations. These actions, together with the costs associated with the India manufacturing operations exit, resulted in a restructuring charge of

$1,218

in the quarter ended

September 29, 2017.

For the quarter ended

September 30, 2016,

restructuring charges of

$258

pertained to the employee termination costs under voluntary programs in Belgium and Italy.

Restructuring activities since

June 2015

have

resulted in the elimination of

162

full-time employees in the manufacturing segment. Accumulated costs to date under these programs within the manufacturing segment through

September 29, 2017

were

$7,093.

The following is a roll-forward of restructuring activity:

Accrued restructuring liability, June 30, 2017	$	92
Additions during the year		1,218
Payments and adjustments		(1,190	)
Accrued restructuring liability, September 29, 2017	$	120