Restructuring Plan

6 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

During fiscal 2014 the Company announced a restructuring plan (“2014 Plan”) that was implemented as part of the final phase of integration activities relating to the Company’s recent acquisitions. The integration activities included the consolidation of manufacturing facilities, centralization of administrative functions using common information systems and processes, and realignment of research and development resources. During the three months ended December 31, 2014, the Company has successfully completed the integration plan and incurred restructuring and other charges of $1,162. These charges were primarily associated with the third phase of the Chelmsford, Massachusetts headquarters consolidation and severance related costs. In the event that the Company is unable to sublease the unoccupied portion of its headquarters complex in Chelmsford, MA, it will incur nominal, periodic restructuring charges through fiscal 2017. These restructuring and other charges affect the MCE reportable segment.

The following table presents the detail of activity for the Company’s restructuring plans:



	Severance & Related			Facilities & Other			Total
Restructuring liability at June 30, 2014	$	1,371		$	772		$	2,143
MCE restructuring and other charges	997			1,498			2,495
MDS restructuring and other charges	33			—			33
Cash paid	(1,365		)	(557		)	(1,922		)
Reversals(*)	(98		)	—			(98		)
Restructuring liability at December 31, 2014	$	938		$	1,713		$	2,651

( *) Reversals result from unused outplacement services.

All of the restructuring and other charges are classified as operating expenses in the consolidated statements of operations and comprehensive income (loss) and any remaining obligations are expected to be paid by the end of fiscal 2017. The restructuring liability is classified as accrued expenses in the consolidated balance sheets.

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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