Restructuring Charges

12 Months Ended

Mar. 28, 2015

During the fourth quarter of fiscal 2015, the Company announced restructuring measures designed to realign resources and drive overall operating efficiencies. These measures impacted approximately 120 positions, or 3% of the Company's global workforce, in various geographies and functions worldwide. The reorganization plan will be substantially completed by the end of the first quarter of fiscal 2016.

The Company recorded total restructuring charges of $24.5 million in fiscal 2015, primarily related to severance pay expenses and write-offs of acquisition-related intangibles.

The following table summarizes the restructuring accrual activity for fiscal 2015:



(In thousands)	Employee severance and benefits			Write off of acquisition-related intangibles			Others			Total
Restructuring charges for the year ended March 28, 2015	$	13,531		$	6,578		$	4,382		$	24,491
Cash payments	(2,647		)	—			—			(2,647		)
Non-cash charges	(579		)	(6,578		)	(53		)	(7,210		)
Balance as of March 28, 2015	$	10,305		$	—		$	4,329		$	14,634

The charges above have been shown separately as restructuring charges on the consolidated statements of income. The remaining accrual as of March 28, 2015 was primarily related to severance pay and benefits that are expected to be paid during fiscal 2016.

- 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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