Restructuring and Cost Management Plans

6 Months Ended

Oct. 01, 2016

Restructuring and Related Activities [Abstract]

Chelmsford

In March 2015, as a part of the plan to streamline manufacturing and development activities, the Company initiated a restructuring plan that included the closure of the assembly plant and development center located in Chelmsford, Massachusetts, which was part of the Component Processing segment. The original estimated completion date of the plan was the end of fiscal 2016 at a total estimated pre-tax cost of $5.5 million.

There were $297 thousand of restructuring payments related to the above mentioned restructuring plan in the first two quarters of 2017. Since the inception of the plan, $5.8 million have been recognized in restructuring costs. The plan was effectively complete as of the end of the fourth quarter of 2016. Included in these costs were write-offs of leasehold improvements associated with the abandoned manufacturing facility, employee severance and related payments, and other wind-down costs. The Company expects to pay the remaining costs and accrued expenses related to the leased facility by December 2019, which is the end of the lease term.

At October 1, 2016 and April 2, 2016, the amount of unpaid restructuring costs included in accrued liabilities for all plans was $0.5 million and $0.8 million, respectively.

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



Restructuring & cost management amounts payable as of April 2, 2016	$	757
Employee severance and related benefits:
Cash payments	(297		)
Restructuring & cost management amounts payable as of October 1, 2016	$	460