Restructuring Charges

12 Months Ended

Jun. 30, 2013

(3) Restructuring Charges

We have undertaken no restructuring actions during fiscal 2013, 2012, or 2011.

During fiscal 2013, we recorded net restructuring credits of less than $0.1 million.

During fiscal 2012, we recorded net restructuring credits of $0.3 million comprised of a credit of $0.5 million related to changes in the estimates of future operating costs and sublease assumptions, partially offset by $0.2 million of accretion charges.

During fiscal 2011, we recorded net restructuring credits of $0.2 million comprised of a credit of $0.6 million related to changes in the estimates of future operating costs and sublease assumptions, partially offset by $0.4 million of accretion charges.

The following activity was recorded for the indicated years:

	Closure/ Consolidation of Facilities and Contract Termination Costs

	(Dollars in Thousands)
Accrued expenses, June 30, 2010	$	8,514
Fiscal 2011 payments		(4,066	)
Restructuring charge—accretion		354
Change in estimate—revised assumption		(601	)

Accrued expenses, June 30, 2011	$	4,201

Fiscal 2012 payments		(2,998	)
Restructuring charge—accretion		202
Change in estimate—revised assumption		(503	)

Accrued expenses, June 30, 2012	$	902

Fiscal 2013 payments		(803	)
Restructuring charge—accretion		17
Change in estimate—revised assumption		(22	)

Accrued expenses, June 30, 2013	$	94

The accrued facility exit costs of $0.1 million are included in accrued expenses and other current liabilities on the accompanying consolidated balance sheets and are stated at estimated fair value, net of estimated sub-lease income of $0.5 million. We expect to pay the remaining obligations in connection with vacated facilities over the remaining lease terms, which will expire on various dates through 2017. Anticipated net cash payments to settle these liabilities amount to $0.1 million at June 30, 2013 and are expected to be made through fiscal 2017.

- 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.

+ References+ Details