Restructuring and Cost Management Plans

9 Months Ended

Dec. 28, 2013

Restructuring and Related Activities [Abstract]

In 2013, the Company initiated a restructuring plan to improve efficiency, transition from memory repair and other legacy products, and focus on laser microfabrication for consumer electronics, emerging technologies related to semiconductor 3D packaging, and proprietary laser technology. The planned completion date for remaining actions to be taken under this plan is April 30, 2014. See the Company's Form 10-K for the year ended March 30, 2013 for additional information related to restructuring and cost management plans.

In the first three quarters of 2014, net restructuring credits of $31 thousand were recognized due to changes in estimates. At December 28, 2013 and March 30, 2013, the amount of unpaid restructuring costs included in accrued liabilities was $0.3 million and $0.5 million, respectively.

The following table presents the amounts related to restructuring costs payable (in thousands):



Restructuring costs payable balance as of March 30, 2013	$	485
Employee severance and related benefits:
Cash payments	(153		)
Other adjustments	(5		)
Restructuring costs payable balance as of December 28, 2013	$	327

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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