NOTE 5 – RESTRUCTURING CHARGES

In the third quarter of 2013, the Company consolidated its two assembly and integration facilities in the United States into a single facility. This action resulted in a net restructuring charge of $2,407 and a liability of $2,649 related to the estimated present value of the remaining lease payments on the vacated facility less an assumption for sublease income. The $2,649 liability was comprised of $546 of existing lease related liabilities and restructuring charges of $2,103. The remaining $304 of net restructuring charges related to reductions in the carrying amounts of leasehold improvements and other property, plant, and equipment disposed of as part of the consolidation. For the three and nine months ended June 27, 2014, the Company recorded $10 and $31, respectively, in accretion of interest expense related to the liability recorded in the third quarter of 2013 for this action. In the first quarter of 2013, the Company recorded $194 in charges related to severance benefits estimated for the termination of certain employees who performed manufacturing and general and administrative functions at the Company’s facility in Finland.

Restructuring charges related to previously recorded charges affected the Company’s financial position as follows:


	Accrued Compensation			Other Current Liabilities			Other Long-term Liabilities
Balance as of September 27, 2013	$	483		$	823		$	1,651
Accretion of interest expense		—			31			—
Cash paid		(456	)		(594	)		—
Reclassifications from other long-term liabilities to other current liabilities		—			347			(347	)

Balance as of June 27, 2014	$	27		$	607		$	1,304