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RESTRUCTURING
12 Months Ended
Mar. 30, 2013
Restructuring and Related Activities [Abstract]  
RESTRUCTURING
RESTRUCTURING
During fiscal 2012, our restructuring activities primarily consisted of reorganization within our research and development, manufacturing and software operations. Employee-related costs primarily consist of employee severance and benefits. Facility-related costs primarily consist of charges associated with closing facilities, related lease obligations, and other related costs.
For fiscal 2013, we incurred $6.6 million of restructuring charges and a $4.2 million asset write-down. The asset write-down is associated with exiting activities related to technologies originally acquired from Arryx, Inc. Restructuring expenses have been primarily included as a component of selling, general and administrative expense in the accompanying statements of income.
On April 1, 2010, our Board of Directors approved transformation and restructuring plans, which include the integration of Global Med Technologies, Inc. During fiscal 2011, in addition to the costs in the below table and as part of our approved transformation and restructuring plans, we incurred the following expenses:
Stock compensation expense of $1.7 million resulting from the acceleration of unvested stock options in accordance to terms of an employment contract for an employee. This expense is included as part of our restructuring charges and reflected in our consolidated statements of income as selling, general and administrative expense for the fiscal year ended April 2, 2011.
$2.1 million of integration costs related to the Global Med acquisition.
The following summarizes the restructuring activity for the fiscal year ended March 30, 2013, March 31, 2012, and April 2, 2011, respectively:
(In thousands)
Balance at March 31, 2012
 
Cost
Incurred
 
Payments
 
Asset
Write down
 
Restructuring Accrual Balance at March 30, 2013
Employee-related costs
$
1,461

 
$
6,214

 
$
(4,586
)
 
$

 
$
3,089

Facility related costs
533

 
431

 
(791
)
 

 
173

Asset write-down

 
4,247

 

 
(4,247
)
 

 
$
1,994

 
$
10,892

 
$
(5,377
)
 
$
(4,247
)
 
$
3,262


(In thousands)
Balance at April 2, 2011
 
Cost
Incurred
 
Payments
 
Asset
Write down
 
Restructuring Accrual Balance at March 31, 2012
Employee-related costs
$
2,782

 
$
4,112

 
$
(5,433
)
 
$

 
$
1,461

Facility related costs
889

 
1,746

 
(2,102
)
 

 
533

 
$
3,671

 
$
5,858

 
$
(7,535
)
 
$

 
$
1,994


(In thousands)
Balance at April 3, 2010
 
Cost
Incurred
 
Payments
 
Asset
Write down
 
Restructuring Accrual Balance at April 2, 2011
Employee-related costs
$
9,761

 
$
3,595

 
$
(10,574
)
 
$

 
$
2,782

Facility related costs

 
889

 

 

 
889

 
$
9,761

 
$
4,484

 
$
(10,574
)
 
$

 
$
3,671