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Restructuring and Related Charges (Tables)
3 Months Ended
Sep. 26, 2015
Restructuring And Related Activities [Abstract]  
Schedule of various restructuring plans

During the second and fourth quarter of fiscal 2015, Management approved restructuring plans impacting our Optical Communications (“OpComms”) segment to optimize manufacturing operations and gain efficiencies which include closing the Bloomfield, Connecticut site and consolidating roles and responsibilities across functions as we move forward with our separation plan. As a result, approximately 200 employees in manufacturing, R&D and SG&A functions located in North America, Europe and Asia will be impacted. For the three months ended September 26, 2015 the Company recorded $0.9 million expense for additional employee retention costs related to the restructuring plan implemented in the fourth quarter of 2015. Payments related to the remaining severance and benefits accrual are expected to be paid in fiscal year 2017.

 

 

 

Balance June 27, 2015

 

 

Three Months Ended September 26, 2015 Charges

 

 

Cash Settlements

 

 

Balance September 26,

2015

 

Separation Restructuring Plan (Workforce Reduction)

 

$

4.9

 

 

$

0.9

 

 

$

(0.7

)

 

$

5.1