XML 52 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Restructuring Plans
12 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Plans Restructuring Plans
DSD Restructuring Plan
On February 21, 2017, the Company announced the DSD Restructuring Plan to reorganize its DSD operations in an effort to realign functions into a channel-based selling organization, streamline operations, acquire certain channel specific expertise, and improve selling effectiveness and financial results. The strategic decision to undertake the DSD Restructuring Plan resulted from an ongoing operational review of various initiatives within the DSD selling organization. The Company had revised its estimated time of completion of the DSD Restructuring Plan from the end of calendar 2018 to the end of fiscal 2019.
The Company recognized approximately $4.5 million of pre-tax restructuring charges by the end of fiscal 2020 consisting of approximately $2.6 million in employee-related costs and contractual termination payments, including severance, prorated bonuses for bonus eligible employees and outplacement services, and $1.9 million in other related costs, including legal, recruiting, consulting, other professional services, and travel.
The following table sets forth the activity in liabilities associated with the DSD Restructuring Plan from the time of adoption through the fiscal year ended June 30, 2020:
(In thousands)
Balances as of
June 30, 2017
 
Additions
 
Payments
 
Non-Cash Settled
 
Adjustments
 
Balances as of
June 30, 2020
Employee-related costs
$

 
$
2,634

 
$
2,634

 
$

 
$

 
$

Other

 
1,949

 
1,949

 

 

 

   Total
$

 
$
4,583

 
$
4,583

 
$

 
$

 
$


The following table sets forth the expenses associated with the DSD Restructuring Plan for the fiscal years ended June 30, 2020, 2019 and 2018:
 
Year Ended June 30,
(In thousands)
2020
 
2019
 
2018
Employee-related costs
$
30

 
$
1,487

 
$
612

Other

 
284

 
429

   Total
$
30

 
$
1,771

 
$
1,041