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Restructuring Charges | 9 Months Ended
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Mar. 31, 2018
Restructuring And Related Activities [Abstract] |
Restructuring Charges |
8. | Restructuring Charges
2018 Restructuring In the third quarter of fiscal 2018, the Company announced and began executing a reduction-in-force (the “2018 Restructuring”) to re-align the Company’s resources as a result of the Company’s recent acquisitions of the Campus Fabric Business and the Data Center Business. The Company recorded $4.9 million related to employee severance and benefits expenses during the three months ended March 31, 2018. 2017 Restructuring The Company recorded restructuring charges, net of $7.7 million and $9.6 million for the three and nine months ended March 31, 2017, respectively. Pursuant with the WLAN Business acquisition from Zebra, the Company assumed a facility lease located at and transferred its headquarters to 6480 Via del Oro, San Jose, California. The Company consolidated its existing workforce from the Company’s previous headquarters location on Rio Robles Drive in San Jose, California, with employees assumed from Zebra at the Via del Oro site and exited the Rio Robles site on January 31, 2017. Due to the Company’s cease use of the Rio Robles facility and abandonment of all leasehold improvements, it accelerated the amortization of the remaining leasehold improvements balance for this site over the shortened service period such that the leasehold improvements were fully amortized on the cease-use date. The Company recorded accelerated amortization expense for the three and nine months ended March 31, 2017 of $0.9 million and $2.6 million respectively, and it is reflected in “Restructuring and related charges, net of reversals” in the condensed consolidated statements of operations. The Company entered into an agreement to sublease its Rio Robles California site during the third quarter of fiscal 2017. The sublease is for the remaining duration of the Company’s lease. The sublease resulted in adjustments to the prior estimates for the amount of sublease payments, timing of sublease activities and real estate commissions associated with the sublease. The net adjustments resulted in a charge of $1.5 million during the third quarter of fiscal 2017. Previously, in the second quarter of fiscal 2017, the Company had modified its estimated future obligations for non-cancelable lease payments and related future sub-leasing income and recorded charges of $0.1 million. The excess facilities payments will continue through fiscal year 2023, due to the length of the lease agreements. In conjunction with the above noted actions, the Company announced a reduction-in-force during the quarter ended March 31, 2017 affecting 90 employees. The Company recorded $5.3 million in severance and benefits charges during the period. Restructuring liabilities consisted of obligations pertaining to the estimated future obligations for non-cancelable lease payments, as well as severance and benefits obligations. The restructuring liabilities are recorded in “Other accrued liabilities” and “Other long-term liabilities” in the accompanying condensed consolidated balance sheets. Total restructuring and related liabilities consist of (in thousands):
|  | Excess Facilities |  |  | Severance Benefits |  |  | Other |  |  | Total |
Balance as of June 30, 2017 |  | $ | 2,184 |  |  | $ | 1,853 |  |  | $ | 85 |  |  | $ | 4,122 |
Period charges |  |  | — |  |  |  | 4,920 |  |  |  | — |  |  |  | 4,920 |
Period payments |  |  | (516 | ) |  |  | (4,198 | ) |  |  | (73 | ) |  |  | (4,787 | )
Balance as of March 31, 2018 |  | $ | 1,668 |  |  | $ | 2,575 |  |  | $ | 12 |  |  | $ | 4,255 |
Less: current portion included in Other accrued liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,920 |
Restructuring accrual included in Other long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,335 |

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- References No definition available. + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
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