Restructuring Costs

12 Months Ended

Mar. 27, 2021

Restructuring and Related Activities [Abstract]

Restructuring CostsIn the fourth quarter of fiscal year 2020, the Company approved a restructuring plan (the “MEMS Restructuring”), including discontinuing efforts relating to the microelectromechanical systems ("MEMS") microphone product line, which

allowed the Company to concentrate our resources on projects with an anticipated larger return on investment. The Company recorded charges of $21.9 million as part of the MEMS Restructuring in fiscal year 2020. The MEMS Restructuring was substantially complete as of the first quarter of fiscal year 2021 with a $0.4 million "Restructuring Costs" charge to the income statement. No additional restructuring charges were incurred during fiscal year 2021.

The following table details the total restructuring charges presented in the Consolidated Statements of Income within the "Restructuring Costs" line item (in thousands):


	Fiscal Years Ended
	March 27, 2021		March 28, 2020
Disposal of equipment, net of recovery from sales (a)	$	130	$	9,578
Impairment and write-off of intangible assets	—		9,961
Other exit costs (b)	222		1,903
Personnel-related charges, net of equity cancellations (c)	—		483
Total	$	352	$	21,925

a.Fiscal year ended March 28, 2020 includes accelerated depreciation of equipment of $11.5 million, net of $1.9 million of recovery from equipment sold during the fourth quarter of fiscal 2020.

b.Fiscal year ended March 28, 2020 includes $0.6 million of accrued exit costs as of March 28, 2020 which are presented in the “Other accrued liabilities” line item of our Consolidated Balance Sheet.

c.Personnel-related charges consist of severance costs of $1.7 million, net of $1.2 million of equity cancellation benefits and includes $0.4 million of accrued severance as of March 28, 2020 which is presented in the “Other accrued liabilities” line item of our Consolidated Balance Sheet.

Restructuring liabilities are presented in the "Other accrued liabilities" line item of our Consolidated Balance Sheet. The activity related to restructuring liabilities is detailed below (in thousands):


	Restructuring Liability
Beginning balance as of March 28, 2020	$	982
Other exit costs	222
Cash payments	(1,204)
Ending balance as of March 27, 2021	$	—