Restructuring Charges

12 Months Ended

Apr. 02, 2011

Note 8. Restructuring Charges

During the third quarter of fiscal 2011, the Company announced restructuring measures designed to realign resources and drive overall operating efficiencies across the Company. These measures impacted 56 positions, or less than 2% of the Company’s global workforce, in various geographies and functions worldwide. The reorganization plan was completed by the end of the fourth quarter of fiscal 2011.

The Company recorded total restructuring charges of $10.3 million in fiscal 2011, primarily related to severance pay expenses.

The following table summarizes the restructuring accrual activity for fiscal 2011:


	Employee			Facility-
	severance			related and
(In thousands)	and benefits			other costs			Total
Balance as of April 3, 2010	$	1,953		$	60		$	2,013
Restructuring charges		9,229			1,117			10,346
Cash payments		(5,888	)		(309	)		(6,197	)
Non-cash settlements		—			(185	)		(185	)

Balance as of April 2, 2011	$	5,294		$	683		$	5,977

The charges above, as well as the restructuring charges recorded in prior fiscal year (see below), have been shown separately as restructuring charges on the consolidated statements of income. The remaining accrual as of April 2, 2011 was primarily related to severance pay and benefits that are expected to be paid during the first quarter of fiscal 2012.

During the first quarter of fiscal 2010, the Company announced restructuring measures designed to drive structural operating efficiencies across the Company. The Company completed this restructuring plan in the end of the fourth quarter of fiscal 2010, and reduced the Company’s global workforce by approximately 200 net positions, or about 6%. These employee terminations impacted various geographies and functions worldwide. The Company recorded total restructuring charges of $30.1 million in fiscal 2010, primarily related to severance pay expenses, which were paid in full as of April 2, 2011.