Restructuring Plan

12 Months Ended

Jul. 02, 2021

Restructuring and Related Activities [Abstract]

Restructuring Plan

Restructuring

During fiscal 2021, the Company incurred $9,222 of restructuring and other charges. Restructuring and other charges of $4,752 related to severance costs associated with the elimination of approximately 90 positions throughout the period, predominantly in manufacturing, SG&A and R&D. These charges are related to changing market and business conditions as well as talent shifts and resource redundancy resulting from the Company's internal reorganization that was completed during fiscal 2021. The remaining $4,470 of restructuring and other charges related to third-party consulting costs associated with 1MPACT, the Company's value creation initiatives.

During fiscal 2020, the Company incurred $1,805 of net restructuring and other charges primarily related to severance costs associated with the elimination of 20 positions, predominantly in SG&A and R&D functions.

During fiscal 2019, the Company incurred $560 related primarily related to severance costs associated with the acquired Germane business.

All of the restructuring and other charges are classified as operating expenses in the Consolidated Statements of Operations and Comprehensive Income and any remaining severance obligations are expected to be paid within the next twelve months. The remaining restructuring liability is classified as accrued expenses in the Consolidated Balance Sheets.

The following table presents the detail of charges included in the Company’s liability for restructuring and other charges:

	Severance & Related		Facilities & Other		Total
Restructuring liability at June 30, 2019	$	4	$	—	$	4
Restructuring charges	1,730		75		1,805
Cash paid	(1,137)		(75)		(1,212)
Restructuring liability at July 3, 2020	597		—		597
Restructuring charges	4,752		—		4,752
Cash paid	(4,343)		—		(4,343)
Restructuring liability at July 2, 2021	$	1,006	$	—	$	1,006