XML 35 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Restructuring Activities
12 Months Ended
Jun. 25, 2016
Restructuring And Related Activities [Abstract]  
Restructuring Activities

14.

Restructuring Activities

In June 2016, our management approved, committed to and initiated plans to restructure and further improve efficiencies in our operational activities to align the Company’s cost structure consistent with its revenue levels.  Restructuring costs related to the June 2016 restructuring activities were recorded to the restructuring costs line item within our consolidated statements of income, which included $6.7 million in the fourth quarter of fiscal 2016.  These costs primarily related to severance costs for a reduction in headcount.  The total estimated charges are $10.5 million to $11.5 million for severance costs and $3.0 million to $4.0 million for lease cancellation and related charges.  The remainder of restructuring charges are expected to be recognized in fiscal 2017 for severance and related costs as well as space consolidation actions.  The restructuring liability was $6.7 million as of the end of fiscal 2016.  There were no payments made pursuant to the liability as of the end of fiscal 2016.

In the first quarter of fiscal 2016, we recorded $1.9 million of restructuring costs in our consolidated statements of income.  The costs included severance costs related to restructuring of the operations related to our acquisition of RSP.  These activities were concluded in fiscal 2016.