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Restructuring Activities | 12 Months Ended
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Jun. 27, 2020
Restructuring And Related Activities [Abstract] |
Restructuring Activities |
13. | Restructuring Activities
During fiscal 2020 we initiated restructuring activities, some of which included severance costs which were for activities intended to further improve efficiencies in our operational activities to align our cost structure consistent with our revenue levels and one was severance costs related to employees who transitioned with the sale of our assets of our TDDI product line for LCD mobile displays (See Note 4. Divestiture included in the consolidated financial statements contained elsewhere in this Report). The restructuring costs related to these activities were recorded to the restructuring costs line item within our consolidated statements of operation. Some of the activities relating to these restructurings are complete as of June 27, 2020. The remaining activities are expected to be complete in the third quarter of fiscal 2021. The restructuring liability activity for these restructuring activities during fiscal 2020 was as follows (in millions):
|  | Employee Severance |
|  | and Benefits |
Accruals |  | $ | 25.1 |
Cash payments |  |  | (19.0 | )
Balance as of June 2020 |  | $ | 6.1 |
In August 2018, we committed to and initiated a restructuring of our mobile fingerprint optical business. The costs for this restructuring activity primarily related to severance costs for a reduction in headcount and related costs. These activities were complete as of June 29, 2019. In June 2019, we committed to and initiated a restructuring action intended to reduce our operating cost structure further. The costs for this restructuring action primarily related to severance costs for a reduction in headcount. Restructuring costs related to these fiscal 2019 restructuring activities were recorded to the restructuring costs line item within our consolidated statements of operations. The activities relating to the June 2019 restructuring action are complete as of June 27, 2020. The restructuring liability activities during fiscal 2019 and 2020 for restructurings initiated in fiscal 2019 were as follows (in millions):
|  | Employee Severance |
|  | and Benefits |
Accruals |  | $ | 17.7 |
Cash payments |  |  | (12.5 | )
Balance as of June 2019 |  |  | 5.2 |
Accruals |  |  | 7.9 |
Cash payments |  |  | (13.1 | )
Balance as of June 2020 |  | $ | — |
In November 2017, we committed to and initiated a restructuring action intended to streamline and reduce our operating cost structure and capitalize on acquisition synergies. The costs relating to this restructuring primarily related to severance costs for a reduction in headcount, facility consolidation and related costs. In April 2018, we committed to and initiated a restructuring to close a research and development facility. The costs relating to this restructuring include employee severance and related benefits and facility closure charges. Restructuring costs related to both the November 2017 and April 2018 restructuring activities were recorded to the restructuring costs line item within our consolidated statements of operations and were complete as of June 30, 2018. The restructuring liability activities during fiscal years 2018 and 2019 for restructurings initiated in fiscal 2018 were as follows (in millions):
|  | Employee Severance |  |  | Facility Consolidation |  |  |  |  |
|  | and Benefits |  |  | and Related Charges |  |  | Total |
Accruals |  | $ | 11.0 |  |  | $ | 1.0 |  |  | $ | 12.0 |
Cash payments |  |  | (8.8 | ) |  |  | (0.2 | ) |  |  | (9.0 | )
Non-cash settlements |  |  | — |  |  |  | (0.7 | ) |  |  | (0.7 | )
Balance as of June 2018 |  |  | 2.2 |  |  |  | 0.1 |  |  |  | 2.3 |
Additional accruals |  | $ | 0.2 |  |  |  | — |  |  | $ | 0.2 |
Cash payments |  |  | (2.4 | ) |  |  | (0.1 | ) |  |  | (2.5 | )
Balance as of June 2019 |  | $ | — |  |  | $ | — |  |  | $ | — |

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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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