Note 16 - Restructuring

3 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

16) Restructuring

The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands):

	Three Months Ended September 30, 2013
	Involuntary Employee Severance and Benefit Costs		Other		Total
2014 Restructuring initiatives	$	351	$	3,383	$	3,734
Prior year initiatives		72		-		72
	$	423	$	3,383	$	3,806

	Three Months Ended September 30, 2012
	Involuntary Employee Severance and Benefit Costs		Other		Total
Prior year initiatives	$	218	$	17	$	235

2014 Restructuring Initiatives

On August 23, 2013 the Company announced a consolidation of its Cheyenne, Wyoming plant into its Mexico facility and other Cooking Solutions operations in North America. The Company expects to record a pre-tax restructuring charge related to the Food Service Equipment segment during fiscal 2014 in the range of $7.5 to $8.0 million, which includes a non-cash charge of $3.3 million related to the impairment of long-lived assets recorded during the first quarter of fiscal year 2014.

Activity in the reserves related to fiscal year 2014 restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring liabilities at June 30, 2013	$	-			-		$	-
Additions and adjustments		351			89			440
Payments		(266	)		(83	)		(349	)
Restructuring liabilities at September 30, 2013	$	85		$	6		$	91

Prior Year Initiatives

Activity in the reserve related to the prior year restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other		Total
Restructuring liabilities at June 30, 2013	$	10			-	$	10
Additions and adjustments		72			-		72
Payments		(82	)		-		(82	)
Restructuring liabilities at September 30, 2013	$	-		$	-	$	-

The Company’s total restructuring expenses by segment are as follows (in thousands):

	Three Months Ended September 30, 2013
	Involuntary Employee Severance and Benefit Costs		Other		Total
Food Service Equipment Group	$	18	$	3,328	$	3,346
Engraving Group		245	$	7		252
Electronics Products Group		160	$	48		208
	$	423	$	3,383	$	3,806

	Three Months Ended September 30, 2012
	Involuntary Employee Severance and Benefit Costs		Other		Total
Engraving Group	$	218	$	17	$	235