Restructuring Program

9 Months Ended

Mar. 31, 2016

Restructuring And Related Activities [Abstract]

Restructuring Program

Note 16 – Restructuring Program

Our restructuring program that is designed to improve our global footprint, cost structure, technology portfolio, human resources and internal processes continues. For the three and nine months ended March 31, 2016 and 2015, we continued to refine existing programs and launched significant new programs focused on achieving further productivity improvements to: (i) optimize certain research and development, supply chain and administrative functions; (ii) outsource certain manufacturing capabilities; (iii) divest or sublease facilities no longer needed to support current operations; and (iv) relocate certain functions to best cost countries.

A summary and components of our restructuring initiatives are presented below and include accruals for new programs as well as revisions to estimates, both increases and decreases, to programs accrued in prior periods:

	Severance Related Costs			Third Party Contractor Termination Costs			Facility Closure and Other Related Costs			Asset Impairments(1)			Total
Liability, June 30, 2015	$	60,789		$	-		$	4,590		$	-		$	65,379
Expense(2)		3,383			592			1,341			6,168			11,484
Accumulated depreciation offset		-			-			-			(6,168	)		(6,168	)
Payments		(38,625	)		(338	)		(2,030	)		-			(40,993	)
Foreign currency translation		95			3			6			-			104
Liability, March 31, 2016	$	25,642		$	257		$	3,907		$	-		$	29,806
Liability, June 30, 2014	$	54,157		$	-		$	30,262		$	-		$	84,419
Expense(2)		36,674			2,034			535			7,508			46,751
Accumulated depreciation offset		-			-			-			(7,508	)		(7,508	)
Payments		(16,862	)		(1,998	)		(18,969	)		-			(37,829	)
Reclassified liabilities(3)		893			-			-			-			893
Foreign currency translation		(12,896	)		(2	)		(2,494	)		-			(15,392	)
Liability, March 31, 2015	$	61,966		$	34		$	9,334		$	-		$	71,334

⁽¹⁾ Credits related to restructuring charges for accelerated depreciation and inventory provisions are recorded against the related assets in Property, plant and equipment, net or Inventories in our Condensed Consolidated Balance Sheets and do not impact the restructuring liability.

⁽²⁾ Restructuring expenses noted above are primarily in SG&A in our Condensed Consolidated Statements of Income. Asset impairments which consist of accelerated depreciation and inventory provisions are primarily in Cost of sales in our Condensed Consolidated Statements of Income.

⁽³⁾ Certain pre-existing pension liabilities were transferred and reduced the restructuring expenses recorded as part of an individual restructuring program initiated in this quarter. These offsets are shown as Reclassified liabilities as noted above.

Restructuring liabilities are recorded in Accrued liabilities and Other non-current liabilities in our Condensed Consolidated Balance Sheets.

Restructuring expenses by reporting business segment are presented below:

	Three Months Ended March 31,					Nine months ended March 31,
	2016			2015		2016			2015
Connected Car	$	(251	)	$	1,223	$	(1,488	)	$	1,052
Lifestyle Audio		945			4,440		2,119			29,590
Professional Solutions		2,516			4,425		4,692			8,669
Connected Services		-			-		-			-
Other		(7	)		-		(7	)		(68	)
Total		3,203			10,088		5,316			39,243
Asset Impairments		2,204			4,723		6,168			7,508
Total	$	5,407		$	14,811	$	11,484		$	46,751