Restructuring and Cost Management Plans

6 Months Ended

Sep. 27, 2014

Restructuring and Related Activities [Abstract]

14. Restructuring and Cost Management Plans

In 2013, the Company initiated a restructuring plan to improve efficiency, transition from memory repair and other legacy products, and focus on laser microfabrication for consumer electronics, emerging technologies related to semiconductor 3D packaging, and proprietary laser technology. The plan is substantially complete, however restructuring and wind-down related activities will continue through 2015. See the Company's Form 10-K for the year ended March 29, 2014 for additional information related to restructuring and cost management plans.

In the first two quarters of 2015, net restructuring costs of $0.6 million were recognized. At September 27, 2014 and March 29, 2014, the amount of unpaid restructuring costs included in accrued liabilities was $0.4 million and $1.1 million, respectively.

The following table presents the amounts related to restructuring costs payable (in thousands):



Restructuring & cost management amounts payable as of March 29, 2014	$	1,050
Employee severance and related benefits:
Cash payments	(608		)
Restructuring & cost management amounts payable as of September 27, 2014	$	442

- 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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