Restructuring Program

6 Months Ended

Dec. 31, 2013

Restructuring And Related Activities [Abstract]

Note 16 – Restructuring Program

Our restructuring program that is designed to improve our global footprint, cost structure, technology portfolio, human resources and internal processes continues.

For the three and six months ended December 31, 2013 and 2012, we continued to refine and expand on activities launched in prior years. During the three and six months ended December 31, 2013, we launched additional programs to drive functional efficiencies and improve our cost structure and global footprint. No significant new programs were launched during the three and six months ended December 31, 2012.

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			Asset Impairments⁽¹⁾			Total
Liability, June 30, 2013	$	23,563		$	1,014		$	33,848		$	0		$	58,425
Expense ⁽²⁾		18,353			4,286			2,875			3,455			28,969
Accumulated depreciation offset		0			0			0			(3,455	)		(3,455	)
Payments		(16,079	)		(4,828	)		(4,865	)		0			(25,772	)
Foreign currency translation		1,174			50			1,448			0			2,672

Liability, December 31, 2013	$	27,011		$	522		$	33,306		$	0		$	60,839

Liability, June 30, 2012	$	19,938		$	17		$	10,839		$	0		$	30,794
Expense ⁽²⁾		(902	)		4			969			995			1,066
Accumulated depreciation offset		0			0			0			(995	)		(995	)
Payments		(6,774	)		(22	)		(2,414	)		0			(9,210	)
Foreign currency translation		513			1			(1	)		0			513

Liability, December 31, 2012	$	12,775		$	0		$	9,393		$	0		$	22,168

⁽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 Inventories 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 presented below:


	Three Months Ended December 31,						Six Months Ended December 31,
	2013			2012			2013		2012
Infotainment	$	(2,881	)	$	(565	)	$	17,850	$	(295	)
Lifestyle		4,808			858			5,691		751
Professional		1,572			(436	)		1,973		(385	)
Other		0			0			0		0

Total		3,499			(143	)		25,514		71
Asset Impairments		1,435			955			3,455		995

Total	$	4,934		$	812		$	28,969	$	1,066

- 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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