Note 13 - Restructuring Expenses

6 Months Ended

Dec. 31, 2012

Restructuring and Related Activities Disclosure [Text Block]

Note 13 – Restructuring Expenses

Restructuring Charges

In the second quarter of fiscal 2013, the Company continued to reduce the size of its production facility in the storage segment, which resulted in a further decrease in total square footage, from 38,000 square feet to approximately 28,000 square feet, and restructuring charges of approximately $316,000 applied to the remaining contractual lease payments from December 2012 through December 2015 on the vacated portion of the facility in addition to contractor and moving expenses. Related severance costs of approximately $195,000 were incurred in the second quarter of fiscal 2013 within the storage segment.

Our restructuring actions are strategic management decisions to consolidate operations supporting our business, and until we achieve consistent and sustainable levels of profitability, we may incur restructuring charges in the future from additional cost reduction efforts.

	Beginning Balance		Expensed		Paid			Ending balance
Lease abandonment obligation	$	690	$	316	$	(51	)	$	955
Termination costs		-		195		(27	)		168
Total Restructuring Expenses	$	690	$	511	$	(78	)	$	1,123

- 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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