Restructuring Program

9 Months Ended

Mar. 31, 2012

Note 15 – Restructuring Program

Our restructuring program that is designed to improve our global footprint, cost structure, technology portfolio, human resources and internal processes continues. During the three and nine months ended March 31, 2012 and 2011, we continued to refine and expand on activities launched in prior years. During the nine months ended March 31, 2012, significant new programs were launched to: (i) optimize certain research and development and supply chain functions; (ii) outsource certain manufacturing capabilities; and (iii) divest or sublease facilities no longer needed to support current operations. During the nine months ended March 31, 2011, we announced the relocation of certain manufacturing activities from Washington, Missouri to Mexico and the outsourcing of certain manufacturing activities to third party suppliers.

A summary and components of our restructuring activities are as follows and include accruals for new programs as well as revisions to estimates, both increases and decreases, to programs accrued in prior periods:


	Severance Related Costs			Third Party Contractor Termination Costs			Facility Closure and Other Related Costs			Asset Impairments ⁽¹⁾			Total
Liability, June 30, 2011	$	31,762		$	0		$	7,860		$	0		$	39,622
Expense ⁽²⁾		1,735			315			6,394			1,976			10,420
Accumulated depreciation offset		0			0			0			(1,976	)		(1,976	)
Payments		(5,845	)		(298	)		(2,841	)		0			(8,984	)
Foreign currency translation		(1,528	)		0			0			0			(1,528	)

Liability, March 31, 2012	$	26,124		$	17		$	11,413		$	0		$	37,554

Liability, June 30, 2010	$	33,036		$	0		$	7,562		$	0		$	40,598
Expense ⁽²⁾		7,002			0			2,664			2,049			11,715
Accumulated depreciation offset		0			0			0			(2,049	)		(2,049	)
Payments		(13,452	)		0			(3,046	)		0			(16,498	)
Foreign currency translation		2,987			0			85			0			3,072

Liability, March 31, 2011	$	29,573		$	0		$	7,265		$	0		$	36,838

⁽¹⁾	Credits related to restructuring charges for accelerated depreciation and inventory provisions are recorded against the related assets in Property, plant and equipment, net or Inventory, net in our Condensed Consolidated Balance Sheets and do not impact the restructuring liability.

⁽²⁾	Restructuring expenses noted above are primarily in SG&A in our Condensed Consolidated Statements of Income. Asset impairments which consist of accelerated depreciation and inventory provisions are primarily in Cost of sales in our Condensed Consolidated Statements of Income.

Restructuring liabilities are recorded in Accrued liabilities and Other non-current liabilities in our Condensed Consolidated Balance Sheets.

Restructuring expenses by reporting business segment are as follows:


	Three Months Ended March 31,					Nine Months Ended March 31,
	2012			2011		2012			2011
Infotainment	$	247		$	3,128	$	339		$	5,916
Lifestyle		370			2,962		710			3,670
Professional		6,755			1,713		8,112			(206	)
Other		(762	)		20		(717	)		286

Total		6,610			7,823		8,444			9,666
Asset Impairments		898			1,716		1,976			2,049

Total	$	7,508		$	9,539	$	10,420		$	11,715

- 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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