Restructuring and Related Activities

3 Months Ended

Jun. 30, 2011

Restructuring and Related Activities

Restructuring and Related Activities Disclosure [Text Block]

4.  RESTRUCTURING CHARGES

In response to shifting supply and demand balances and the changing business models of the Company’s customers, the Company began implementing several strategic initiatives during the third quarter of fiscal 2011.  The initiatives will continue over the coming quarters as the Company continues to define and execute the necessary changes to support core business functions.

The following table summarizes the restructuring charges recorded in the Company’s reporting segments during the three months ended June 30, 2011:

	Three Months
	Ended
Restructuring Charges	June 30, 2011
Employee separation and other cash charges:
Beginning balance	$ 6,193
Period charges:
Severance charges	738
Other cash charges	31
Total period charges	769
Payments through June 30	(1,742)
Ending balance June 30	$ 5,220
Total restructuring charges for the period	$    769

         The following table summarizes the employee separation and other cash charges recorded in the Company’s South America and Other Regions segments during the three months ended June 30, 2011:

	Three Months
	Ended
Employee Separation and Other Cash Charges	June 30, 2011
Beginning balance:	$ 6,193
South America	1,073
Other regions	5,120
Period charges:	$    769
South America	-
Other regions	769
Payments through June 30:	$ (1,742)
South America	(80)
Other regions	(1,662)
Ending balance June 30:	$ 5,220
South America	993
Other regions	4,227