Note 15 – Restructuring

Our restructuring program that is designed to improve our global footprint, cost structure, technology portfolio, human resources and internal processes continues. During fiscal years 2013 and 2012, we continued to refine existing programs and launched significant new programs focused on achieving further productivity improvements to: (i) optimize certain research and development and supply chain functions; (ii) outsource certain manufacturing capabilities; (iii) divest or sublease facilities no longer needed to support current operations and (iv) relocate certain functions to best cost countries. In fiscal year 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 initiatives are presented below 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⁽³⁾			Asset Impairments⁽¹⁾			Total
Liability, June 30, 2010	$	33,036		$	0		$	7,562		$	0		$	40,598
Expense⁽²⁾		10,541			0			4,542			5,564			20,647
Accumulated depreciation offset		0			0			0			(5,564	)		(5,564	)
Payments		(15,231	)		0			(4,346	)		0			(19,577	)
Foreign currency translation		3,416			0			102			0			3,518

Liability, June 30, 2011	$	31,762		$	0		$	7,860		$	0		$	39,622

Expense⁽²⁾		(1,008	)		315			7,146			2,696			9,149
Accumulated depreciation offset		0			0			0			(2,696	)		(2,696	)
Payments		(8,434	)		(298	)		(4,169	)		0			(12,901	)
Foreign currency translation		(2,382	)		0			2			0			(2,380	)

Liability, June 30, 2012	$	19,938		$	17		$	10,839		$	0		$	30,794

Expense⁽²⁾		21,297			1,076			55,405			5,337			83,115
Accumulated depreciation offset		0			0			0			(5,337	)		(5,337	)
Payments		(18,151	)		(72	)		(38,939	)		0			(57,162	)
Reclassified Liabilities⁽³⁾		0			0			6,889			(0	)		6,889
Foreign currency translation		479			(7	)		(346	)		0			126

Liability, June 30, 2013	$	23,563		$	1,014		$	33,848		$	0		$	58,425

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

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

⁽³⁾

Certain contractual indemnification payments resulting from the transfer of a manufacturing facility to a third party were recorded as restructuring expenses in fiscal year 2013 and are classified within Facility Closure and Other Related Costs. Certain pre-existing liabilities related to this transferred facility were offset and reduced the restructuring expenses recorded as part of this transaction. These offsets are shown as Reclassified liabilities as noted above. See Note 3 – Transfer of Ownership of Manufacturing Facility for more information.

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

Restructuring expenses by reporting business segment are presented below:


	Year Ended June 30,
	2013			2012			2011
Infotainment	$	58,878		$	(1,458	)	$	5,949
Lifestyle		16,260			169			7,062
Professional		2,640			8,459			1,835
Other		(0	)		(717	)		237

Total		77,778			6,453			15,083
Asset impairments		5,337			2,696			5,564

Total	$	83,115		$	9,149		$	20,647