Restructuring Plan

9 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring

During fiscal 2014 the Company announced a restructuring plan that was implemented as part of the final phase of integration activities relating to the Company’s recent acquisitions. This acquisition integration plan included the consolidation of manufacturing facilities, centralization of administrative functions using common information systems and processes, and realignment of research and development resources. The Company had successfully completed the acquisition integration activities during the second fiscal quarter of 2015. In the event that the Company is unable to sublease the unoccupied portion of its headquarters complex in Chelmsford, MA, it will incur nominal, periodic restructuring charges through fiscal 2017 in its MCE reportable segment. During the three months ended March 31, 2015, the Company has incurred restructuring and other charges of $27.

The following table presents the detail of activity for the Company’s restructuring plans:



	Severance & Related			Facilities & Other			Total
Restructuring liability at June 30, 2014	$	1,371		$	772		$	2,143
MCE restructuring and other charges	997			1,601			2,598
MDS restructuring and other charges	49			—			49
Cash paid	(1,785		)	(849		)	(2,634		)
Reversals(*)	(190		)	—			(190		)
Restructuring liability at March 31, 2015	$	442		$	1,524		$	1,966

( *) Reversals result from unused outplacement services.

All of the restructuring and other charges are classified as operating expenses in the consolidated statements of operations and comprehensive income (loss) and any remaining obligations are expected to be paid by the end of fiscal 2017. The restructuring liability is classified as accrued expenses in the consolidated balance sheets.

On April 23, 2015, the Company incurred restructuring and other charges related to involuntary separation costs associated with a headcount reduction within its MCE reportable segment. The Company expects to incur approximately $700 by the end of the fourth quarter related to the continued optimization of its advanced microelectronics centers.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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