Restructuring

9 Months Ended

Apr. 02, 2021

Restructuring and Related Activities [Abstract]

Restructuring and other charges are typically related to acquisitions and organizational redesign programs initiated as part of discrete post-acquisition integration activities. During the nine months ended April 2, 2021, the Company incurred net restructuring and other charges of $2,244 primarily related to severance costs associated with the elimination of 42 positions across the manufacturing, SG&A and R&D functions. These charges related to changing market and business conditions including talent shifts and resource redundancy resulting from the internal reorganization the Company completed in the first quarter.

All of the restructuring and other charges are classified as Operating expenses in the Consolidated Statements of Operations and Comprehensive Income and any remaining severance obligations are expected to be paid within the next twelve months. The restructuring liability is classified as Accrued expenses in the Consolidated Balance Sheets.

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


	Severance & Related
Restructuring liability at July 3, 2020	$	597
Restructuring and other charges	2,244

Cash paid	(2,333)

Restructuring liability at April 2, 2021	$	508