P. 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 year, 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 pre-tax restructuring charges of

$3,398,

$1,791

and

$921

in fiscal

2018,

2017

and

2016,

respectively.

Restructuring activities since

June 2015

have resulted in the elimination of

171

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

June 30, 2018

were

$9,273.

The following is a roll-forward of restructuring activity:

Accrued restructuring liability, June 30, 2016	$	801
Additions		1,791
Payments and adjustments		(2,500	)
Accrued restructuring liability, June 30, 2017		92
Additions		3,398
Payments and adjustments		(3,400	)
Accrued restructuring liability, June 30, 2018	$	90

During fiscal

2016,

as part of its initiative to focus resources on core manufacturing and product development activities aimed at improving profitability, the Company sold

one

of its distribution entities in the U.S. The proceeds of

$4,100

represent the sale of distribution rights to its southeastern U.S. territories, amounting to

$600,

and certain assets, consisting primarily of inventories, for

$3,500.

The gain on sale of

$445

is recorded as other operating income in the statement of operations in fiscal

2016.