Note N - Restructuring of Operations

6 Months Ended

Dec. 28, 2018

Notes to Financial Statements

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

N. 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 continued actions to reduce personnel costs in its Belgian operations and reorganize for productivity in its European operations. These actions resulted in restructuring charges of

$434

and

$607

in the quarter and

two

quarters ended

December 28, 2018,

respectively. For the quarter and

two

quarters ended

December 29, 2017,

restructuring charges of

$831

and

$2,049,

respectively, pertained to similar actions to reduce personnel costs in the Company’s Belgian operations, as well as costs associated with the India manufacturing operations exit.

Restructuring activities since

June 2015

have resulted in the elimination of

175

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

December 28, 2018

were

$9,880.

The following is a rollforward of restructuring activity:

Accrued restructuring liability, June 30, 2018	$	90
Additions during the year		607
Payments and adjustments during the year		(697	)
Accrued restructuring liability, December 28, 2018	$	-