Note 11 - Restructuring Charges and Exit Costs

6 Months Ended

Sep. 27, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 11. RESTRUCTURING CHARGES AND EXIT COSTS

2016 Restructuring Charges and Exit Costs

During the second quarter of fiscal year 2016, we decided to restructure our data compression product line. In addition, we also completed significant strategic restructuring activities in the second quarter of fiscal year 2016. We believe this restructuring allows us to achieve operating efficiencies and focus our resources on strategic priorities that we expect will yield the highest incremental return for Exar’s stockholders. During the three and six months ended September 27, 2015, we incurred $2.1 million of restructuring charges and exit costs. The charges consisted primarily of reduction of our workforce, the impairment of certain fixed assets and licensed technologies and the write-off of related inventory.

2015 Restructuring Charges and Exit Costs

Exar completed a significant strategic restructuring process that began in the quarter ended September 28, 2014 and ended in October 2014. This restructuring was prompted by the acquisition of iML and an associated significant reduction in force.  During the three and six months ended September 28, 2014, we incurred $6.6 million and $7.0 million restructuring charges and exit costs, respectively. The charges consisted primarily of reduction of our workforce, the impairment of certain fixed assets and licensed technologies and the write-off of related inventory.

Our restructuring liabilities were included in the other current liabilities and other non-current obligations lines within our condensed consolidated balance sheets. The following table summarizes the activities affecting the liabilities as of the dates indicated below (in thousands):

	March 29, 2015		Additions/ adjustments		Non-cash charges			Payments			September 27, 2015
Lease termination costs and others	$	330	$	57	$	(110	)	$	(210	)	$	67
Impairment of fixed assets, licensed technologies and write down of inventory		—		740		(740	)		—			—
Severance		652		1,264		—			(1,814	)		102
Total	$	982	$	2,061	$	(850	)	$	(2,024	)	$	169