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Note 21 - Other Operating Expense, Net
12 Months Ended
Jun. 26, 2016
Notes to Financial Statements  
Other Operating Income and Expense [Text Block]
21.
Other Operating Expense, Net
 
Other operating expense, net consists of the following:
 
 
 
For the Fiscal Year Ended
 
 
 
June 26, 2016
 
 
June 28, 2015
 
 
June 29, 2014
 
Consulting and transition fees for former executive officers
  $ 1,293     $     $  
Foreign currency transaction losses
    397       448       504  
Net (gain) loss on sale or disposal of assets
    (13 )     778       475  
Operating expenses for Renewables
                2,749  
Restructuring charges, net
                1,273  
Other, net
    571       374       288  
Other operating expense, net
  $ 2,248     $ 1,600     $ 5,289  
 
Net (Gain) Loss on Sale or Disposal of Assets
During fiscal 2015, Renewables disposed of certain miscanthus grass (primarily established during, and maintained since, fiscal 2010) utilized to support certain historical business objectives, resulting in a loss on disposal of assets of $1,322 for fiscal 2015 (for which the non-controlling interest amount is $533).
 
During fiscal 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 2014, operating expenses for Renewables (reported net of insignificant revenues of $144) 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 of depreciation and amortization expense. For fiscal 2015 and 2016, such costs are included in cost of sales or SG&A expenses in the consolidated statements of income.
 
Restructuring charges, net
The components of restructuring charges, net consist of the following:
 
 
 
For the Fiscal Year Ended
 
 
 
June 26, 2016
 
 
June 28, 2015
 
 
June 29, 2014
 
Severance
  $     $     $ 941  
Equipment relocation and reinstallation costs
                356  
Other
                (24 )
Restructuring charges, net
  $     $     $ 1,273