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Note 6 - Restructuring | 3 Months Ended
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Mar. 28, 2020
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 6 - Restructuring In March 2020, our management approved and executed an internal restructuring plan (the “Q1 2020 Plan”), which included a workforce reduction in order to reduce our operating cost structure by leveraging our low-cost regions as well as enhancing efficiency. Approximately $1.1 million of restructuring expense has been incurred through March 28, 2020 under the Q1 2020 Plan, and we believe this amount approximates the total costs under the plan. Under the Q2 2019 Sales Plan, which is more fully described in the 2019 10-K, we recorded a credit adjustment of approximately $0.2 million during the first quarter of fiscal 2020 due to the final reconciliation of expenses incurred, and we incurred approximately $2.0 million of restructuring expense during fiscal 2019. Approximately $1.8 million of net expense has been incurred through March 28, 2020 under the Q2 2019 Sales Plan. All actions planned under the Q2 2019 Sales Plan have been implemented. Under the June 2017 Plan, which is more fully described in the 2019 10-K, we incurred less than $0.1 million and approximately $1.3 million of expense during the first quarter of fiscal 2020 and fiscal 2019, respectively. We have incurred approximately $19.1 million of total expense through March 28, 2020 under the June 2017 Plan, and all planned actions have been implemented. We expect the total cost of the June 2017 Plan to be approximately $20.0 million to $21.5 million as expenses related to our partially vacated facility in San Jose, California will be incurred over the remaining lease term. These expenses were recorded to Restructuring charges on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accounts payable and accrued expenses and in Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to our restructuring plans:
(In thousands) |  | Severance & Related (1) |  |  | Lease Termination & Fixed Assets |  |  | Software Contracts & Engineering Tools (2) |  |  | Other (3) |  |  | Total |
Accrued Restructuring at December 28, 2019 |  | $ | 160 |  |  | $ | 6,585 |  |  | $ | — |  |  | $ | 865 |  |  | $ | 7,610 |
Restructuring charges |  |  | 949 |  |  |  | 47 |  |  |  | — |  |  |  | (56 | ) |  |  | 940 |
Costs paid or otherwise settled |  |  | (135 | ) |  |  | (405 | ) |  |  | — |  |  |  | (201 | ) |  |  | (741 | )
Accrued Restructuring at March 28, 2020 |  | $ | 974 |  |  | $ | 6,227 |  |  | $ | — |  |  | $ | 608 |  |  | $ | 7,809 |
Accrued Restructuring at December 29, 2018 |  | $ | 1,814 |  |  | $ | 8,630 |  |  | $ | 218 |  |  | $ | 18 |  |  | $ | 10,680 |
Restructuring charges |  |  | (60 | ) |  |  | 1,409 |  |  |  | — |  |  |  | (8 | ) |  |  | 1,341 |
Costs paid or otherwise settled |  |  | (1,540 | ) |  |  | (1,875 | ) |  |  | (83 | ) |  |  | (10 | ) |  |  | (3,508 | )
Accrued Restructuring at March 30, 2019 |  | $ | 214 |  |  | $ | 8,164 |  |  | $ | 135 |  |  | $ | — |  |  | $ | 8,513 |
(1) | Includes employee relocation and outplacement costs
(2) | Includes cancellation of contracts, asset impairments, and accelerated depreciation on certain enterprise resource planning and customer relationship management systems
(3) | Beginning in the second quarter of fiscal 2019, "Other" included termination fees on the cancellation of certain contracts under the Q2 2019 Sales Plan

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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