NOTE 15 — RESTRUCTURING AND ASSET IMPAIRMENTS

Prior to incurring charges under the restructuring plans discussed below, management approved and announced the specific actions to be taken under each plan. Severance packages were communicated to affected employees in sufficient detail that the employees could determine their type and amount of benefit. The termination of the affected employees occurred as soon as practical after the restructuring plans were announced. The amount of remaining future lease payments for facilities the Company ceased to use and included in the restructuring charges is based on management's estimates using known prevailing real estate market conditions at that time based, in part, on the opinions of independent real estate experts. Leasehold improvements relating to the vacated buildings were written off, as these items will have no future economic benefit to the Company and have been abandoned.

Accounting for restructuring activities, as compared to regular operating cost management activities, requires an evaluation of formally committed and approved plans. Restructuring activities have comparatively greater strategic significance and materiality and may involve exit activities, whereas regular cost containment activities are more tactical in nature and are rarely characterized by formal and integrated action plans or exiting a particular product, facility, or service.

The following table summarizes restructuring and asset impairment charges and reversals during the three and six months ended December 25, 2011 and December 26, 2010. In addition to charges incurred under specific restructuring plans, the Company incurred asset impairment charges of $1.7 million related to a decline in the market value of certain facilities.


	Three Months Ended					Six Months Ended
	December 25,			December 26,		December 25,			December 26,
	2011			2010		2011			2010
	(in thousands)
June 2008 Plan	$	(859	)	$	—	$	(859	)	$	—
March 2009 Plan		—			—		—			(5,163	)
Asset impairments outside of specific restructuring plans		—			—		1,725			—

Total restructuring and assset impairment charges (recoveries)	$	(859	)	$	—	$	866		$	(5,163	)

The amounts in the table above were recorded in the Consolidated Statements of Operations for the respective periods as follows:


	Three Months Ended					Six Months Ended
	December 25,			December 26,		December 25,			December 26,
	2011			2010		2011			2010
	(in thousands)
Cost of goods sold	$	(859	)	$	—	$	(859	)
Operating expense		—			—		1,725			(5,163	)

Total restructuring and assset impairment charges (recoveries)	$	(859	)	$	—	$	866		$	(5,163	)

June 2008 Plan

During the June 2008 quarter, the Company incurred restructuring expenses and asset impairment charges related to the integration of SEZ and overall streamlining of the Company's combined Clean Product Group ("June 2008 Plan"). During the three months ended December 25, 2011 the Company released $0.9 million related to a recorded obligation not realized for a previously restructured product line. There were no restructuring and asset impairment charges (recoveries) under the June 2008 Plan during the three or six months ended December 26, 2010. There are no remaining liabilities related to the June 2008 Plan as of December 25, 2011.

March 2009 Plan

During the March 2009 quarter the Company incurred restructuring expenses and asset impairment charges designed to align the Company's cost structure with its outlook for the current economic environment and future business opportunities ("March 2009 Plan"). There were no charges incurred under the March 2009 Plan during the three or six months ended December 25, 2011 or the three months December 26, 2010. During the six months ended December 26, 2010 the Company reversed $5.2 million in restructuring and asset impairment charges as a result of a decision to occupy previously restructured facilities.

Below is a table summarizing activity relating to the March 2009 Plan during the six months ended December 25, 2011:


	Facilities
	(in thousands)
Balance at June 26, 2011	$	28,106
Cash payments		(151	)

Balance at December 25, 2011	$	27,955

Total charges incurred through December 25, 2011 under the March 2009 Plan were $61.3 million. The facilities balance consists primarily of lease payments, net of sublease income, on vacated buildings and is expected to be paid by the end of fiscal year 2015.