Note 21 - Other Operating Expense, Net

12 Months Ended

Jun. 28, 2015

Disclosure Text Block [Abstract]

Other Operating Income and Expense [Text Block]

21. Other Operating Expense, Net

Other operating expense, net consists of the following:

	For the Fiscal Years Ended
	June 28, 2015		June 29, 2014		June 30, 2013
Net loss on sale or disposal of assets	$	778	$	475	$	243
Foreign currency transaction losses (gains)		448		504		(132	)
Operating expenses for Renewables		—		2,749		2,396
Restructuring charges, net		—		1,273		813
Other, net		374		288		89
Other operating expense, net	$	1,600	$	5,289	$	3,409

Net Loss on Sale or Disposal of Assets

During fiscal year 2015, Renewables disposed of certain biomass foundation and feedstock (primarily established during, and maintained since, fiscal year 2010) utilized to support certain historical business objectives, resulting in a loss on disposal of assets of $1,322 (before consideration of the non-controlling interest amount of $533).

During fiscal year 2015, the Company completed the sale of certain land and building assets historically utilized for warehousing in the Polyester segment. In connection with the sale, the Company recognized a gain on sale of assets of $630. Net proceeds from the sale were remitted directly to a qualified intermediary in anticipation of an exchange under section 1031 of the Internal Revenue Code.

Operating Expenses for Renewables

For fiscal years 2014 and 2013, operating expenses for Renewables (reported net of insignificant revenues of $144 and $79, respectively) included amounts incurred for employee costs, land and equipment rental costs, contract labor, freight costs, operating supplies, product testing and administrative costs, along with $343 and $230 of depreciation and amortization expense, respectively. For fiscal year 2015, such costs are included in cost of sales or selling, general and administrative expenses in the consolidated statement of income.

Restructuring charges, net

The components of restructuring charges, net consist of the following:

	For the Fiscal Years Ended
	June 28, 2015		June 29, 2014			June 30, 2013
Severance	$	—	$	941		$	948
Equipment relocation and reinstallation costs		—		356			—
Other		—		(24	)		(135	)
Restructuring charges, net	$	—	$	1,273		$	813

Severance

On May 14, 2013, the Company and one of its executive officers entered into a severance agreement that provided severance and certain other benefits through November 2014. On August 12, 2013, the Company and another of its executive officers entered into a severance agreement that provided severance payments through November 2014 and certain other benefits through December 2014. The table below presents changes to accrued severance:

	Balance June 29, 2014		Payments			Adjustments			Balance June 28, 2015
Accrued severance	$	374		(355	)		(19	)	$	—

Equipment Relocation and Reinstallation Costs

During fiscal year 2014, the Company dismantled and relocated certain polyester draw warping equipment from Monroe, North Carolina to a Burlington, North Carolina facility. The Company also dismantled and relocated certain polyester texturing and twisting equipment between locations in North Carolina and El Salvador. The costs incurred for the relocation of equipment were charged to other operating expense, net within the Polyester Segment as incurred.