Restructuring Accrual

3 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring Accrual

Restructuring Accrual

During the first quarter of fiscal 2016, management committed to a performance improvement plan that included selected workforce reductions. In connection with this plan, the Company recorded pre-tax restructuring charges totaling $3.4 million for severance and related benefit costs related to the involuntary termination of employees. The plan affected approximately 45 employees. The Company also recorded $1.1 million in reversals of excess restructuring reserves accrued in prior fiscal years. The severance and related benefit costs and the credits for the reversal of excess restructuring reserves are recorded in the selling, general, and administrative line of the Condensed Consolidated Statements of Earnings.

Details of changes in the Company's restructuring accrual are as follows:

Three months ended September 30,	2016			2015
(In thousands)
Balance at beginning of period	$	7,388		$	15,731
Severance accruals	—			3,366
Cash payments	(2,267		)	(3,705		)
Reversal of excess accrual	—			(1,070		)
Balance at end of period	$	5,121		$	14,322