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Note 7 - Restructuring | 12 Months Ended
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Jan. 02, 2021
Notes to Financial Statements |
Restructuring and Related Activities Disclosure [Text Block] | Note 7 - 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. Under this plan, we incurred restructuring expense of approximately $2.0 million during fiscal 2020. Substantially all actions planned under this plan have been implemented. In April 2019, our management approved and executed an internal restructuring plan (the “Q2 2019 Sales Plan”), which focused on a restructuring of the global sales organization through cancellation of certain contracts and a workforce reduction. Under this plan, we incurred restructuring expense of approximately $0.1 million and $2.0 million, respectively, during fiscal 2020 and 2019. Approximately $2.1 million of total expense has been incurred through January 2, 2021 under the Q2 2019 Sales Plan. All actions planned under this plan have been implemented. In December 2018, our management approved and executed an internal restructuring plan (the “December 2018 Plan”), which included a global workforce reduction. This plan also included the abandonment of long-lived assets related to the restructuring of our agreements with a privately-held investee. Under this plan, no restructuring expense was incurred during either fiscal 2020 or 2019, and approximately $4.8 million of restructuring expense was incurred during fiscal 2018. Approximately $4.8 million of total expense has been incurred through January 2, 2021 under the December 2018 Plan. All actions planned under this plan have been implemented. In June 2018, our Board of Directors approved an internal restructuring plan (the "June 2018 Plan"), which included the discontinuation of our millimeter wave business and the use of certain assets related to our Wireless products, and a workforce reduction. Under this plan, no restructuring expense was incurred during fiscal 2020. We recorded a total credit adjustment of approximately $0.1 million during fiscal 2019 due to the final reconciliation of expenses incurred, and we incurred approximately $4.2 million of restructuring expense during fiscal 2018. Approximately $4.1 million of total expense has been incurred through January 2, 2021 under the June 2018 Plan. All actions planned under this plan have been implemented. In June 2017, our Board of Directors approved an internal restructuring plan (the "June 2017 Plan"), which included the sale of 100% of the equity of our Hyderabad, India subsidiary and the transfer of certain assets related to our Simplay Labs testing and certification business, a worldwide workforce reduction, and an initiative to reduce our infrastructure costs, including reconfiguring our use of certain leased properties. Under this plan, we incurred restructuring expense of approximately $1.9 million, $2.7 million, and $8.4 million, respectively, during fiscal 2020, 2019, and 2018. Approximately $21.0 million of total expense has been incurred through January 2, 2021 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 $21.5 million to $23.5 million as ROU asset amortization expenses related to our partially vacated facility in San Jose, California will be incurred over the remaining lease term. These expenses and credits were recorded to Restructuring charges on our Consolidated Statements of Operations. The restructuring accrual balance is presented in Accrued expenses and Other long-term liabilities on our Consolidated Balance Sheets. The following table displays the activity related to the restructuring plans described above:
(In thousands) |  | Severance & Related (1) |  |  | Lease Termination & Fixed Assets |  |  | Software Contracts & Engineering Tools (2) |  |  | Other (3) |  |  | Total |
Accrued Restructuring at December 30, 2017 |  | $ | 1,192 |  |  | $ | 870 |  |  | $ | 360 |  |  | $ | 25 |  |  | $ | 2,447 |
Restructuring charges |  |  | 5,696 |  |  |  | 7,379 |  |  |  | 913 |  |  |  | 3,361 |  |  |  | 17,349 |
Costs paid or otherwise settled |  |  | (5,074 | ) |  |  | 381 |  |  |  | (1,055 | ) |  |  | (3,368 | ) |  |  | (9,116 | )
Accrued Restructuring at December 29, 2018 |  | $ | 1,814 |  |  | $ | 8,630 |  |  | $ | 218 |  |  | $ | 18 |  |  | $ | 10,680 |
Restructuring charges |  |  | 625 |  |  |  | 2,716 |  |  |  | — |  |  |  | 1,323 |  |  |  | 4,664 |
Costs paid or otherwise settled |  |  | (2,279 | ) |  |  | (4,761 | ) |  |  | (218 | ) |  |  | (476 | ) |  |  | (7,734 | )
Accrued Restructuring at December 28, 2019 |  | $ | 160 |  |  | $ | 6,585 |  |  | $ | - |  |  | $ | 865 |  |  | $ | 7,610 |
Restructuring charges |  |  | 1,669 |  |  |  | 1,896 |  |  |  | — |  |  |  | 372 |  |  |  | 3,937 |
Costs paid or otherwise settled |  |  | (1,583 | ) |  |  | (248 | ) |  |  | — |  |  |  | (573 | ) |  |  | (2,404 | )
Accrued Restructuring at January 2, 2021 |  | $ | 246 |  |  | $ | 8,233 |  |  | $ | - |  |  | $ | 664 |  |  | $ | 9,143 |
| (1) | Includes employee relocation costs and outplacement costs, and accelerated stock compensation
| (2) | Includes cancellation of contracts, asset impairments, and accelerated depreciation on certain enterprise resource planning and customer relationship management systems
| (3) | In fiscal 2018, "Other" includes the abandonment of long-lived assets related to the restructuring of our agreements with a privately-held investee. In fiscal and 2019 and 2020, "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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