Note L - Restructuring of Operations

3 Months Ended

Sep. 27, 2019

Notes to Financial Statements

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

L. Restructuring of Operations

The Company has implemented various restructuring programs in response to unfavorable macroeconomic trends in certain of the Company’s markets since the

fourth

quarter of fiscal

2015.

These programs primarily involved the reduction of workforce in several of the Company’s manufacturing locations, under a combination of voluntary and involuntary programs.

During the last

two

fiscal years, the Company implemented additional actions to reduce personnel costs in its Belgian operations and reorganize for productivity in its European operations. These actions resulted in pre-tax restructuring charges of

$121

and

$173

in the quarters ended

September 27, 2019

and

September 28, 2018,

respectively.

Restructuring activities since

June 2015

have resulted in the elimination of

177

full-time employees in the manufacturing segment. Accumulated costs to date under these programs within the manufacturing segment through

September 27, 2019

were

$10,573.

The following is a rollforward of restructuring activity:

Accrued restructuring liability, June 30, 2019	$	-
Additions during the year		121
Payments and adjustments during the year		(121	)
Accrued restructuring liability, September 27, 2019	$	-