Restructuring Charges

12 Months Ended

Dec. 30, 2017

Restructuring Charges

14. Restructuring Charges

During the first quarter of fiscal 2015, Intevac substantially completed implementation of the 2015 cost reduction plan (the “2015 Plan”), which reduced expenses and reduced its workforce by 3 percent. The cost of implementing the 2015 Plan was reported under cost of net revenues and operating expenses in the consolidated statements of operations. Substantially all cash outlays in connection with the 2015 Plan occurred in the first quarter of fiscal 2015. Implementation of the 2015 Plan reduced salary, wages and other employee-related expenses by approximately $1.4 million on an annual basis.

As of December 30, 2017, activities related to the 2015 Plan were complete.

The changes in restructuring reserves associated with the cost reduction plan for fiscal 2015, are as follows.

	2015
	(in thousands)
Balance at the beginning of the year	$	—
Provision for restructuring charges		148
Cash payments made		(148	)
Balance at the end of the year	$	—