18. Restructuring expenses

Fiscal 2019

During fiscal 2019, the Company undertook restructuring actions in order to improve operating efficiencies and further integrate the acquisition of Farnell. These restructuring actions included certain costs associated with the continued transformation of the Company’s information technology, distribution center footprint and business operations including the re-prioritization of its information technology initiatives and resources. Restructuring expenses are included as a component of restructuring, integration and other expenses in the Consolidated Statements of Operations. The activity related to the restructuring liabilities established during fiscal 2019 is presented in the following table:


			Facility
			and Contract		Asset
	Severance		Exit Costs		Impairments		Total
	(Thousands)
Fiscal 2019 restructuring expenses	$	35,798	$	5,034	$	54,687	$	95,519
Cash payments		(17,312)		(1,601)		—		(18,913)
Non-cash amounts		—		—		(54,698)		(54,698)
Other, principally foreign currency translation		1,718		11		11		1,740
Balance at June 29, 2019	$	20,204	$	3,444	$	—	$	23,648

Severance expense recorded in fiscal 2019 related to the reduction, or planned reduction, of approximately 600 employees, primarily in executive management, operations, information technology, warehouse, sales and business support functions. Facility and contract exit costs primarily consist of liabilities for remaining lease obligations for exited facilities and for contractual termination costs. Asset impairments represents an asset impairment expense of $54.7 million relates primarily to software assets that were impaired as a result of the restructuring of information technology operations including the re-prioritization of information technology initiatives and resources. Of the $95.5 million in restructuring expenses recorded during fiscal 2019, $92.4 million related to EC, $2.0 million related to Farnell and $1.1 million related to Corporate executive and business support functions. The Company expects the majority of the remaining amounts to be paid by the end of fiscal 2020.

Fiscal 2018 and prior

During fiscal 2018 and prior, the Company incurred restructuring expenses related to various restructuring actions intended to achieve planned synergies from acquired businesses and to reduce future operating expenses. The fiscal 2019 activity related to the restructuring liabilities from continuing operations established during fiscal 2018 and prior is presented in the following table:


			Facility
			and Contract		Asset
	Severance		Exit Costs		Impairments		Total
	(Thousands)
Balance at June 30, 2018	$	25,918	$	2,890	$	416	$	29,224
Cash payments		(21,673)		(983)		—		(22,656)
Changes in estimates, net		(2,501)		(154)		—		(2,655)
Non-cash amounts		—		218		(416)		(198)
Other, principally foreign currency translation		(411)		(34)		—		(445)
Balance at June 29, 2019	$	1,333	$	1,937	$	—	$	3,270

As of June 29, 2019, management expects the majority of the remaining severance, and facility exit liabilities related to fiscal 2018 and prior restructuring actions to be paid by the end of fiscal 2020.