Note 10 - Restructuring Charges and Exit Costs

9 Months Ended

Jan. 01, 2017

Notes to Financial Statements

Restructuring and Related Activities Disclosure [Text Block]

NOTE 1 0 . RESTRUCTURING CHARGES AND EXIT COSTS

Restructuring expenses result from the execution of management approved restructuring plans that were generally developed to improve our cost structure and/or operations, sometimes in conjunction with our acquisition integration strategies. Restructuring expenses consist of employee severance costs and

may

also include contract termination costs to improve our cost structure prospectively.

During the

three

and

nine

months ended

January

1,

2017,

we incurred

$0

and

$1.1

million of restructuring charges and exit costs, respectively. The restructuring charges for the

nine

months ended

January

1,

2017

consist of

$0.2

million of cost of goods sold and

$0.9

million as operating expense, due to both the reduction of our workforce and the impairment of certain fixed assets and licensed technologies. During the

three

and

nine

months ended

December

27,

2015,

we incurred

$2.6

million and

$5.6

million of restructuring charges and costs, respectively. The restructuring charges and exit costs are included in cost of sales and operating expenses.

Our restructuring liabilities were included in the other current liabilities and other non-current obligations lines within our condensed consolidated balance sheets. The following table summarizes the activities affecting the liabilities as of the dates indicated below (in thousands):

			Additions/
	March 27, 2016		adjustments		Non-cash charges			Payments			January 1, 2017
Lease termination costs and others	$	130	$	467	$	(27	)	$	(436	)	$	134
Severance		364		681		-			(1,022	)		23
Total	$	494	$	1,148	$	(27	)	$	(1,458	)	$	157