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Note 16 - Restructuring

6 Months Ended

Dec. 31, 2013

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

16) Restructuring

The Company has undertaken cost reduction and facility consolidation initiatives that have resulted in severance, restructuring, and related charges. A summary of charges by initiative is as follows (in thousands):

	Three Months Ended December 31, 2013						Six Months Ended December 31, 2013

	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
2014 Restructuring initiatives	$	184	$	460	$	644	$	535	$	3,843	$	4,378
Prior year initiatives		-		-		-		72		-		72
	$	184	$	460	$	644	$	607	$	3,843	$	4,450

	Three Months Ended December 31, 2012						Six Months Ended December 31, 2012

	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
Prior year initiatives	$	382	$	603	$	985	$	600	$	620	$	1,220

2014 Restructuring Initiatives

On August 23, 2013 the Company announced a consolidation of its Cheyenne, Wyoming plant into its Mexico facility and other cooking solutions operations in North America. The Company expects to record a pre-tax restructuring charge related to the Food Service Equipment segment during fiscal 2014 in the range of $7.5 to $8.0 million, which includes a non-cash charge of $3.3 million related to the impairment of long-lived assets recorded during the first quarter of fiscal year 2014.

Activity in the reserves related to fiscal year 2014 restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other			Total
Restructuring liabilities at June 30, 2013	$	-			-		$	-
Additions and adjustments		535			502			1,037
Payments		(279	)		(502	)		(781	)
Restructuring liabilities at December 31, 2013	$	256		$	-		$	256

Prior Year Initiatives

Activity in the reserve related to the prior year restructuring initiatives is as follows (in thousands):

	Involuntary Employee Severance and Benefit Costs			Other		Total
Restructuring liabilities at June 30, 2013	$	10			-	$	10
Additions and adjustments		72			-		72
Payments		(82	)		-		(82	)
Restructuring liabilities at December 31, 2013	$	-		$	-	$	-

The Company’s total restructuring expenses by segment are as follows (in thousands):

	Three Months Ended December 31, 2013									Six Months Ended December 31, 2013

	Involuntary Employee Severance and Benefit Costs			Other			Total			Involuntary Employee Severance and Benefit Costs		Other			Total
Food Service Equipment Group	$	256		$	468		$	724		$	274		3,796		$	4,070
Engraving Technologies Group		(99	)	$	(8	)		(107	)		146		(1	)		145
Electronics Products Group		27		$	-			27			187		48			235
	$	184		$	460		$	644		$	607	$	3,843		$	4,450

	Three Months Ended December 31, 2012						Six Months Ended December 31, 2012

	Involuntary Employee Severance and Benefit Costs		Other		Total		Involuntary Employee Severance and Benefit Costs		Other		Total
Food Service Equipment Group	$	128	$	22	$	150	$	128	$	22	$	150
Engraving Technologies Group		254	$	569		823		472		586		1,058
Electronics Products Group		-	$	12		12		-		12		12
	$	382	$	603	$	985	$	600	$	620	$	1,220

- 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.

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